Category Archives: Bookkeeping

What Is Accounting? Definition and Basics, Explained

Accounting is popularly regarded as “the language of business” because it doesn’t just help you keep track of your money, but also helps you make informed decisions about your business. To speed up action, you may hire accounting professionals or purchase accounting software to ensure accurate financial audits and reporting. Analysts, managers, business owners, and […]

What Is Form 1040-X? Definition, Purpose, and How to File

When entering your name and the names of your spouse and dependents, be sure to enter them exactly as they appear on their Social Security cards. Have additional income, such as unemployment compensation, prize or award money, gambling winnings. Have any deductions to claim, such as student loan interest deduction, self-employment tax, educator expenses. Schedule […]