Accounting Firm in Texas

If you see Error H202 when you try to switch to multi-user mode, we’re here to help. These errors mean something is blocking the multi-user connection to your server. We'll show you how to fix the issue. Step 1: Follow steps depending on how you host your company files Hosting your own network If you haven’t already, follow the steps to  install QuickBooks Database Server Manager  on your server for each version of QuickBooks you use. Your server is the computer that  hosts your company files . After you install Database Server Manager, continue below. There are two ways to set up QuickBooks Database Server Manager: The Full Program option:  You install the full version of QuickBooks Desktop and Database Server Manager on your server computer. The Server Only option:  You only install Database Server Manager on your server computer. Hosting your own network with Windows Server 2012 Essentials R2 Follow these steps if you  use Windows Server 2012 Essentials R2 , to host your network

Periodic and perpetual inventory systems are two contrasting accounting methods that businesses use to track the number of products they have available. Overall, the  perpetual inventory  system offers many benefits over the periodic system and is now used by all major retailers. However, a small business owner must still take into account whether the benefits of installing a perpetual inventory system will outweigh the additional expense. (Image source from:  https://keydifferences.com/wp-content/uploads/2015/06/Periodic-Vs-Perpetual-inventory-system.jpg ) Note:   The periodic inventory system uses an occasional physical count to measure the level of inventory and the cost of goods sold (COGS). The perpetual system keeps track of inventory balances continuously, with updates made automatically whenever a product is received or sold. Periodic inventory accounting systems are normally better suited to small businesses, while businesses with high sales volume and multiple retail outlets

  What Are Retained Earnings? Retained earnings are an important concept in accounting. The term refers to the historical profits earned by a company, minus any dividends it paid in the past. The word "retained" captures the fact that because those earnings were not paid out to shareholders as dividends they were instead retained by the company. For this reason, retained earnings decrease when a company either loses money or pays dividends, and increase when new profits are created. Note:   Retained earnings (RE) is the amount of net income left over for the business after it has paid out dividends to its shareholders. The decision to retain the earnings or distribute them among the shareholders is usually left to the company management. A growth-focused company may not pay dividends at all or pay very small amounts because it may prefer to use the retained earnings to finance expansion activities. Retained Earnings Formula and Calculation \begin{aligned} &\text{RE} = \te