These GL code accounts are set up in a specific order, defined by the principle of double-entry accounting. The GL codes go in order from assets such as cash, accounts receivable, inventory and equipment, to liabilities and stockholders’ equity. The number of accounts in this section could ...
HSN (Harmonized System of Nomenclature) codes classify goods under GST, while SAC (Services Accounting Code) is used for categorizing services for taxation purposes. 7. Who is eligible for the HSN code in GST? According to the GST rules, every taxpayer with a turnover of over Rs. 5 crores...
HSN (Harmonized System of Nomenclature) codes classify goods under GST, while SAC (Services Accounting Code) is used for categorizing services for taxation purposes. 7. Who is eligible for the HSN code in GST? According to the GST rules, every taxpayer with a turnover of over Rs. 5 crores...
I think its best to have ranges. For example you can designate that GL 1100-1199 are for labor, GL 1200-1299 are for benefits etc. Let's say that BU1 has a great deal of labor expenses and wants to see it in detail, BU2 does not. In thi...
QuickBooks The QuickBooks team brings small business owners, self employed individuals, and accountants helpful business advice, tips and strategies. With a breadth of knowledge in the business space, the QuickBooks team want to help you succeed. ...
We've added two new unit codes, BAL (Bale) and TGM (Ten Gross) for items. A Bale refers to materials that are packaged together and Ten Gross is a quantity equal to 1,440 items. These units are especially helpful for wholesale businesses. To access this option, click Configure Units fr...
Engage in misleading advertising practices Other federal laws that govern the collection of information online include: The Children's Online Privacy Protection Act (COPPA), which governs the collection of information about minors The Health Insurance Portability and Accounting Act (HIPAA), which governs...
Are you curious about the latest updates and enhancements to LivePlan? Keep reading to discover what our team has been developing. October 2024 Projected Values Based on Existing Performance When connected to QuickBooks Online or Xero, LivePlan’s Forecast Builder uses your accounting data to ...
States have different criteria outlined in their probate codes for choosing administrators. Administrators are chosen by a court when the decedent has not named an executor in their will or if the executor cannot carry out the responsibilities. ...
Accountants and certified public accountants are two different types of professionals. While all CPAs are accountants, not all accountants are CPAs. Accountants typically have a degree in accounting and don't necessarily require a license to practice their profession. They are usually responsible for...