Bookkeeping

Church Accounting: Ultimate Guide + Best Practices to Know

Finance (Baptist Union)Guidance and templates produced by the Baptist Union, including sample Terms bookkeeping and payroll services of Engagement of Independent Examiner and a template for annual reports. Charity CommunityThe community focuses on supporting finance professionals in their paid and voluntary roles in or with the charity and voluntary sector. It offers regular e-newsletters containing the […]

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What is Amortization Expense? The Difference Between Amortization and Depreciation

Amortization helps businesses and investors understand and forecast their costs over time. In the context of loan repayment, amortization schedules provide clarity into what portion of a loan payment consists of interest versus principal. This can be useful for purposes such as deducting interest payments for tax purposes. Understanding amortization and how it works can

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What Does a Bookkeeper Do? Job Duties and Responsibilities

Let’s make it happen if you’re ready to focus on growth instead of balancing books. Learn more about Archer Lewis’s bookkeeping services for small businesses and see how we can support your success. Outsourcing connects you with experienced professionals who ensure your financial information is accurate and up-to-date. From streamlining payroll taxes to generating reliable

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How to Report Non-Business Bad Debt on a Tax Return

You are also encouraged to consult your legal, tax, or investment professional regarding your specific situation. The value of your investment will fluctuate, and you may gain or lose money. Most landlords are cash-method taxpayers who are taxed based on payments they’ve received, so deducting missed rent payments isn’t all that common. For more information,

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