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Accounting and Tax Guide: Accounting Software and Tools (Page 2)

How to Choose the Right Computer Training for Accountants

The old image of the accountant might be best illustrated by Bob Cratchit sitting on his stool in the money changing firm of Ebeneezer Scrooge. He sits in front of his massive ledger book painstakingly entering figures with a stubby pencil. This does not reflect the current profession of Accounting. While the principles of Accounting might have remained much the same, the computer has revolutionized the way that these principles are applied. Computer... ❯❯❯

What is Owner's Draw in QuickBooks? How Does Owner's Draw Work?

What is Owner's Draw in QuickBooks? How Does Owner's Draw Work?If you are a sole-proprietor, you may have wondered about the Owner’s Draw account and how it works. I’ll try to explain it in a way that makes sense to people who use QuickBooks. Owner’s Equity, Owner’s Investment, and Owner’s Draw - Defined If you open the Chart of Accounts in QuickBooks, scroll down to the Equity accounts – normally about half way down. You may see one or more of these names: Owner’s Equity, Owner’s Investment, or Owner’s Draw. To... ❯❯❯

EXCEL Tutorial - How to Construct a Compounding Interest Financial Calculator

You can construct an almost infinite variety of calculators right within your MS EXCEL spreadsheet application. Here is how you can construct your own 10-year compounding interest financial calculator that would help you to see, for example, how much your $100 will grow at x percent of interest a year, on a year by year basis. 1) Launch a clean worksheet in Excel. 2) Reserve the cell A1 for your principal dollar amount. Think of this as your “deposit”... ❯❯❯