Category: Bookkeeping

Feb - 20
2024

Business Solutions for Truck Drivers

admin Bookkeeping
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Trucking businesses should plan for unexpected expenses and emergencies to avoid financial hardship. Emergencies such as truck breakdowns, accidents, or other incidents can result in significant expenses. The IRS can ask you to provide supporting documentation anywhere from three to…

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May - 17
2022

Cash Over and Short Journal Entry

admin Bookkeeping
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In the audit report, it is important to classify and explain each instance of cash over or short. This classification helps in identifying whether these discrepancies are one-off incidents or part of a recurring pattern. Recurring issues may prompt a…

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