These accounts will help you and others make financial decisions regarding your business. The more up-to-date your books are, the better handle you will have on your business. Accounting software is a complete double entry bookkeeping system and will work for all businesses, from the small self-employed to the large companies. We advise looking at…

For example, last year, the actual depreciation expense, as per the depreciation rate, should have been $13,422 but kept at $12,108.86 to keep the asset at its estimated salvage value. So, the depreciation expense is calculated in the last year by deducting the salvage value from the opening book value. If you file estimated quarterly…