USA Accounting

Sales tax software helps, but it’s not foolproof! ???? Businesses must still monitor compliance, exemptions, and filing deadlines. Don’t rely on automation alone! ? Kaushik Johnson Thakkar Managing Partner | IntQBooks Solutions CPA Aspiring | Certified Bookkeeper ?? Direct: +1 315-557-6525 ? Email: [email protected] ?? USA: 701 Market Street, Suite 110 PMB1424, Saint Louis, MO 63101 ?? Canada: 2482 Yonge Street, Toronto, ON M4P 2H5 ?? Facebook: Click Here ?? ?? Instagram: Click Here ?? #TaxManagement #SmartBusiness #Accounting #FinanceTips #Bookkeeping #BusinessGrowth #Entrepreneurship ??

?? Undeposited Funds – Stay Organized! ?? Confirm undeposited funds are cleared promptly. ?? Ensure deposits are recorded correctly. ?? Investigate long-standing undeposited funds. ?? Match undeposited funds with receipts. ?? Ensure undeposited funds don’t distort cash flow. ?? [email protected] ?? +1 (315)-557-6525 #Bookkeeping #UndepositedFunds #CashFlow #QuickBooks #SmallBusiness #AccountingTips

??UNCLEARED TRANSACTIONS? FIX THEM NOW! ?? Check deposits that haven’t cleared in 3-4 days Resolve checks uncleared for 6+ months Adjust old transactions in the current period Ensure EFTs & direct deposits are recorded correctly Eliminate duplicate payments & receipts #BookkeepingTips #UnclearedTransactions #StayAuditReady #FixYourBooks #QuickBooks #Bookkeeping #AccountingTips #TaxPreparation #BusinessSuccess #IntqBooks

?? CREDIT CARD RECONCILIATION MADE EASY! ?? ? Match statements with QuickBooks ? Identify & fix missing transactions ? Spot duplicate charges & errors ? Ensure accurate expense categorization ? Keep your books audit-ready & stress-free #BookkeepingTips #CreditCardReconciliation #FixYourBooks #QuickBooks #StayAuditReady #AccountingTips #SmallBusiness #TaxReady #BusinessSuccess

QuickBooks Opening Balance & Tax Review Ensure accurate financials with our comprehensive review: Compare QuickBooks opening balances with audited financials. Investigate discrepancies. Confirm proper tax adjustments. Reconcile adjustments with accountants. For more information, contact us at [email protected] or +1 (315)-557-6525. #bookkeeping #usaaccounting #accounting #payable #cpa

Balance sheet review checklist Verify total assets match total liabilities and equity. Ensure balances are consistent with prior periods. Check for missing or misclassified items. Ensure proper classification of current vs. non-current items. Confirm assets, liabilities, and equity are correctly listed. For assistance, contact us at [email protected] or +1 (315)-557-6525.

?? Bookkeeping Glossary – Part 2 ?? Continuing with our 4-part series on essential bookkeeping terms: ? Credit An entry that increases liabilities, equity, or income, and decreases assets or expenses. ? Data Raw financial information collected, recorded, and processed for reports. ? Double Entry The accounting method where every transaction affects at least two accounts to maintain balance. ? Depreciation The gradual reduction in the value of an asset due to wear and tear or obsolescence. ? Expenses Costs incurred by a business to generate revenue, such as rent, salaries, and utilities. ? Equity The ownership value in a business, calculated as assets minus liabilities. Stay tuned for more terms in Part 3! ?? #BookkeepingGlossary?#FiscalYear?#GeneralLedger?#Liability?#GrossProfit?#NetProfit?#AccountingTerms?#businessfinance2w

?? Bookkeeping Glossary – Part 1 ?? Understanding bookkeeping is key to managing your business finances! Here's the first part of my 4-part series on common bookkeeping terms: ? Account ? Accounts Payable (A/P) ? Assets ? Accounts Receivable (A/R) ? Budget ? Capital Master these terms to improve your financial clarity. Stay tuned for more! ?? #Bookkeeping #accounting #BookkeepingBasics #FinancialTips #BusinessGrowth

?? Open the Year with Confidence! ?? By reconciling your QuickBooks opening balances with last year’s financials, you ensure smooth sailing ahead! ? #BusinessGrowth #FinanceTips #QuickBooksReconciliation

?? Finance essentials: Interest, penalties, and late fees go in the Interest & Finance Charges account, while Bank Service Charges belong elsewhere. Keep those records organized! #Accounting101 #SmallBusinessTips #FinanceFacts