LedgerBench

Accounting is an important part of every business, whether big or small. They are responsible for carrying out key financial tasks such as auditing, filing tax returns, expense management and many more. There are plenty of accounting software solutions available in the market that caters each and every aspect of the accounting process in order to make the task efficient. Such software helps to manage invoices, payments, keeping track of expense and many more.  Finding right accounting software for your business can be a little tough. Software that works for one company, might not work for the other company. Finding the right accounting software for your business depends upon the size of the company, company budget, the income flow and the level of experience of the individual completing the accounting duties.  Below, we have listed top easy and popular accounting software your business can't survive without. You might want to try these programs and figure out what works best...

Around one-third of people look for a tax preparer, an accountant or a tax advisor to file their tax returns, but with little or no information, it is difficult to find the best one.  While looking for the best accountant near you in California, consider this checklist to help you find the right person. Ask for a preparer tax Identification number: The IRS requires anyone to have a PTIN whoever prepares and assist in preparing federal tax returns for compensation. However, volunteer preparations don’t require a PTIN. The IRS also requires your tax preparer to put his or her PTIN number on your return.  Also Read - What Does a Bookkeeper Do? Require a CPA, law license or enrolled agent designation: A PTIN is easy to get, so look further for a credential preparer- someone who also is a certified public accountant, enrolled agent, licensed attorney or who has completed the IRS Annual filing season program. Accredited tax preparer or accredited business advisor/acc...

For Small businesses, capital management is imperative. From shaping an idea into a business model to investing in its growth, every step of the business requires capital. And to keep track of a company’s financial transactions and recording it in the company's general ledger accounts, businesses need professional bookkeepers. While many small businesses prefer to do their books by their own, seeking professional help is always a wise option. So what does a bookkeeper do ? Here’s what you need to know about the importance of hiring a professional bookkeeper: Bookkeeper for a Small Business A Bookkeeper might have different tasks at his/her hand depending on the size of the business. However, the core responsibility of a bookkeeper includes recording and organizing the company’s financial transactions (income and expenses).  Looking for - Bookkeeping Services for Small Business Why should Small Business owners hire a Bookkeeper? Small Business owners often overlook the impo...

In the wake of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the United States has conferred an additional $310 billion funding to the Paycheck Protection Program (PPP) that was almost running out of funds in April. The importance of PPP is ever-important in these times of economic uncertainty as PPP is one of the few opportunities that small businesses have to obtain forgivable loans to sustain employees on the Payrol l services . But, there are so many questions that are yet to be answered and cleared for entrepreneurs, especially in the light of the forgivable nature of the PPP loans. Another burning issue here is the grey area, where many public companies confessed to having taken the PPP loan which was truly meant for small businesses with employees less than 500. To contain such malpractices, the federal government has come out with the briefing that the authorities will audit any company that levies for loans more than $ 2 Million. This blog will provi...