What are the cloud based accounting solutions for small business in Ireland?
One of the difficult parts on any type of business is regarding Accounting Solution. There are a lot of accounting software that can help people in this field of work to efficiently automate this process.In my experience, I would suggest you try FastPayee, is the best accounting solutions for Small Business.It works on cloud based technology and easy-to-use tool. Simple, efficient and free Invoicing Software and specially designed for the Ireland market.Some of the key benefits of using FastPyee :Free of costUnlimited userTime saving FeaturesAccount receivable and payable managementMultiple accounts per companyUnlimited vendors managementfinancial reportAdditional services like payment processing and adding tax .and more.Fastpayee gives you full visibility across your business to streamline processes, minimize your time and boost profit.Why you don't give a try Online Accounting Software. SIGNUP NOW.
Accounting help on payroll?
(1) For each of the following payroll-related taxes, indicate whether they generally apply to (a) employees only, (b) employers only, or (c) both employees and employers: Federal income tax (a) employees only Medicare tax (c) both employees and employers: Social security tax (c) both employees and employers: Federal unemployment compensation tax (b) employers only State unemployment compensation tax (b) employers only (2) What are the principal reasons for using a special payroll checking account? As an internal control. Would make it easier to track fraudulent payroll checks. You may not want employees knowing your company's primary checking account number. If your primary account is ever overdrawn, but your payroll account has been funded, you don't have to worry about a payroll check bouncing. You can put "payroll account" on the payroll account checks, which might make it easier for an employee to cash if that's what they do.
Accounting Help QUICK!!?
Need quick accounting help? Clarion Contractors completed the following transactions and events involving the purchase and operation of equipment in its business. 2010 Jan. 1 Paid $294,000 cash plus $11,760 in sales tax and $1,700 in transportation (FOB shipping point) for a new loader. The loader is estimated to have a four-year life and a $29,400 salvage value. Loader costs are recorded in the Equipment account. Jan. 3 Paid $6,000 to enclose the cab and install air conditioning in the loader to enable operations under harsher conditions. This increased the estimated salvage value of the loader by another $1,800. Dec. 31 Recorded annual straight-line depreciation on the loader. 2011 Jan. 1 Paid $4,300 to overhaul the loader’s engine, which increased the loader’s estimated useful life by two years. Feb. 17 Paid $1,075 to repair the loader after the operator backed it into a tree. Dec. 31 Recorded annual straight-line depreciation on the loader. ______________________________________... Just need help on Dec. 31, 2011 entry by my calculations : Cost = 307460 +6000 + 4300 = 317760 - Salvage Value: 29400 + 1800 = 31200 / :Useful Life 4 + 2 - 1(b/c of the year that has passed) = 143280 But that answer is wrong apparently I've tried several different things and cannot figure out what I'm messing up so please help, quick answers appreciated! NEED Answer fast if possible
Financial accounting questionz need help.?
1. Leyland Realty Company received a check for $12,000 on July 1, which represents a 6-month advance payment of rent on a building it rents to a client. Unearned Rental Revenue was credited for the full $12,000. Financial statements will be prepared on July 31. Leyland Realty should make the following adjusting entry on July 31: a.debit Rental Revenue, $2,000; credit Unearned Rental Revenue, $2,000. b.debit Unearned Rental Revenue, $12,000; credit Rental Revenue, $12,000. c.debit Cash, $12,000; credit Rental Revenue, $12,000. d.debit Unearned Rental Revenue, $2,000; credit Rental Revenue, $2,000. 2.Jill Crown earned a salary of $500 for the last week of October. She will be paid on November 1. The adjusting entry for Jill employer October 31 is: a.Salaries Payable 500 Cash 500 b.No entry is required. c.Salaries Expense 500 Salary payable 500 d.Salaries Expense 500 Cash 500 3. The Harris Company purchased a computer for 3,000 on December 1. It is estimated that annual depreciation on the computer will be $600. If financial statements are to be prepared on December 31, the company should make the following adjusting entry: a.debit Depreciation Expense, $600; credit Accumulated Depreciation, $600 b. debit Depreciation Expense, $50; credit Accumulated Depreciation, $50. c. debit Depreciation Expense, $2,400; credit Accumulated Depreciation, $2,400. d. debit Office Equipment, $3,000; credit Accumulated Depreciation, $3,000 4. On July 1 the Tanner Shoe Store paid $15,000 to Ace Realty for 6 months rent beginning July 1. Prepaid Rent was debited for the full amount. If financial statements are prepared on July 31, the adjusting entry to be made by the Tanner Shoe Store is: a.debit Prepaid Rent, $2,500; credit Rent Expense, $2,500. b. debit Rent Expense, $15,000; credit Prepaid Rent, $2,500. c. debit Rent Expense, $5,000; credit Prepaid Rent, $2,500. d. debit Rent Expense, $15,000; credit Prepaid Rent, $12,500. 5.A company spends $20 million dollars for an office building. Over what period should the cost be written off? a.Over the useful life of the building b. All in the first year c. After $20 million in revenue is earned d. When the $20 million is expended in cash
What is the best cloud accounting software to use for a 2+ person small business that is an S-Corp and why?
Invoices, tasks, estimate requests, still more invoices. All this paperwork can surely clutter a desk quickly, and the lack of organization makes it hard to prioritize tasks. There has to be a better way.There is online invoicing solutions and cloud accounting apps that claim to help us manage all our business finances in one place.I would suggest you try FastPayee, is the best invoicing solutions for small-to-medium size businesses and startups. It is a 100% free software.The great about this online accounting solutions its so simple and easy to use, that you don't need to be a computer genius to reap the benefits. They usually can be accessed anywhere there is an Internet connection, and other than having a web browser, there are no additional technical specs needed.Its also available on mobile devices, which is perfect for the travelling entrepreneur. Usually, everything in your accounts is searchable, using lightning fast search tools, giving you instant access to all of your data whenever you need it.Each month the average small business owner spends eighteen percent of his or her time on paperwork, most of that is asking for, or chasing cash that is outstanding.why FastPayee ?Create beautiful invoices at free of costGet Paid FasterInvoice in your preferred currencyEmail your invoice in just a few clicksSecurityUnlimited UsersUnlimited vendors managementsUnlimited billing managementsExports InvoicesDetailed ReportSave TimeIts available at free of cost you can leave a trial by today itself. Free Online Invoice Software