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Accounting

What Does Code 150 Mean on an IRS Transcript?

Code 150 on an IRS transcript means that the IRS has accepted your return for processing and has created a current-year file for you. Transcript cod…

Shoeboxed Review: Pricing, Features & Alternatives 2024

Shoeboxed is a cloud-based receipt scanning and expense tracking application that lets you scan, upload, and store receipts for digitization and org…

QuickBooks Solopreneur Review

Established in February 2024 as a replacement for the now-discontinued QuickBooks Self-Employed, QuickBooks Solopreneur, which costs $20 monthly, is…

Amortization vs Depreciation: What’s the Difference?

Amortization allocates the cost of intangible assets or certain prepaid expenses over multiple years while depreciation allocates the cost of tangib…

What Is Form 4797? (+Example)

Form 4797 is used to report sales of business property commonly referred to as section 1231 property. Section 1231 property includes assets used in …

How To Track Invoices Using Excel [+Free Template]

To track customer invoices and payments using Excel, you must first create an invoice tracker. Start by creating a spreadsheet with columns for rele…

What Is Deferred Revenue? Definition, Journal Entry & Example

Deferred revenue (also called unearned revenue or income) is a liability owed to a customer for the value of goods or services the customer has paid…

FreshBooks vs Wave: Features & Comparison in 2024

FreshBooks and Wave have many similar features, such as the ability to send unlimited invoices and track unpaid bills. However, FreshBooks is a bit …
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