Bookkeeping

Accounting Tax Audit Business Advisory Silicon Valley CPA

Whether you’re a Sole Proprietorship with a Schedule C, or an S-Corp with an 1120s, we’ve got your business taxes covered. Never overpay in tax, and get the aggressive tax reduction planning your business deserves. Don’t settle for a year-end or reactive tax accountant, we’ll help throughout the year to lower your taxes. Click on any of the report categories listed below to find practical, unbiased information to help you reach your financial goals. Our services are contextualized by our specialties in the following areas. After we put this list…

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Bookkeeping

What is Petty Cash? Definition, Usage, and Accounting for Petty Cash Accounts

If new funds are needed, the cashier writes a new check to fund the petty cash drawer and takes, in exchange, the receipts from the purchases that depleted the cash. Ananya heads to her desk and opens the petty cash box—allocated specifically for urgent, small-scale needs like this. She quickly withdraws the required amount, issues a petty cash voucher to document the transaction, and informs the IT technician to buy the monitor immediately. Within an hour, the replacement monitor is installed, and the IT team resumes their work, ensuring the…

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