Adam Hill, author at Online Accounting

Adam Hill started accounting and trading back in 2007. He has achieved quite a lot of success. Now he decided to open his blog. Here he publishes articles on accounting. For any questions of interest, please contact us by e-mail: admin-hill@online-accounting.net

Accounting technology: Exciting Accountant Technology for the Future

May 30, 2023 Bookkeeping by Adam Hill

In addition, Ciara has experience performing Single Audits in accordance with OMB Uniform Grant Guidance for governmental and nonprofit entities, including the audits of HUD-funded and insured projects. Of all the information technology advancements that have shaped the accounting industry, software has had the largest impact. In the latter half of the 20th century, technology
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Accounting journal entries: What is a Journal Entry? Definition

May 30, 2023 Bookkeeping by Adam Hill

Business transactions were recorded in specialized journals or ledgers. For example, sales would be recorded in a sales journal and payroll would be recorded in a payroll journal. A summary of those transactions was periodically posted to the correct general ledger account as part of the accounting cycle. The journal entry may also include a
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Accounting excel template: The Ultimate Excel Accounting Template For Bookkeeping

May 29, 2023 Bookkeeping by Adam Hill

This payment schedule template will help you remember when each bill is due and be able to budget accordingly. A bill of lading is a document detailing how goods are being shipped from a seller to a recipient. It includes details about the items being shipped, the quantity of items included in the shipment, and
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Accounting equation: Understanding the Accounting Equation Formula

May 29, 2023 Bookkeeping by Adam Hill

The Accounting Equation is a fundamental principle stating that a company’s assets (i.e. resources) must always be equal to the sum of its liabilities and equity (i.e. funding sources). Accountants and members of a company’s financial team are the primary users of the accounting equation. Understanding how to use the formula is a crucial skill
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1099 vs w2: Independent Contractor Self-Employed or Employee? Internal Revenue Service

May 29, 2023 Bookkeeping by Adam Hill

Whether your workers are employees or independent contractors affects how both you and they are taxed. If you classify a worker as a W-2 employee, you are required to withhold social security tax, income tax, Medicare tax and any state income taxes for the benefit of the employee. If you classify a worker as a
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