Month: February 2021

The cost of labor for a salaried employee is their yearly salary divided by the number of hours they’ll work in a year. While no one likes taxes, the good news is that federal, state, and local income taxes are withheld — they come out Read More …

The purpose of account reconciliation is to ensure that the money coming in and going out (debits and credits) always matches up. Reconciliation helps identify and fix errors like misapplied payments, ensuring accurate financial information. It’s also important to ensure you maintain detailed records of Read More …