The Zen Keeper LLC

When you send an invoice to a customer, the customer then receives it as a bill. An invoice means you are requesting money, and a bill means that you are required to pay for something.

Definition of Bookkeeping:
Bookkeeping includes the recording, storing and retrieving of financial transactions for a business, nonprofit organization, individual, etc.

Examples of Bookkeeping Tasks:
Billing for goods sold or services provided to clients

Recording receipts from customers

Verifying and recording invoices received from suppliers

Paying suppliers

Processing employees' pay and the related governmental reports

Monitoring individual accounts receivable

Recording depreciation and other adjusting entries

Providing financial reports

Today bookkeeping is done with the use of computer software. For example, QuickBooks (from Intuit) is a low-cost bookkeeping and accounting software package that is widely used by small businesses in the U.S.

Bookkeeping requires knowledge of debits and credits and a basic understanding of financial accounting, which includes the balance sheet and income statement.




















Source: accountingcoach.com

The Zen Keeper's mission is to ease the complexity of bookkeeping systems through workflow optimization and technology integrations. Our client experience and service plans are each one of a kind. We exist to help our clients achieve profits and peace of mind.

Stop by our page every Friday to learn bookkeeping best practices and more!

Tools we use to help our clients!

We currently serve clients in these industries. Are you on the list?

Contact us for a free 15min consultation!

Mark your calendars!

Wednesday 12/01/2021
Deposit payroll tax for payments on Nov 24-26 if the semiweekly deposit rule applies.

Friday 12/03/2021
Deposit payroll tax for payments on Nov 27-30 if the semiweekly deposit rule applies.

Wednesday 12/08/2021
Deposit payroll tax for payments on Dec 1-3 if the semiweekly deposit rule applies.

Friday 12/10/2021
Employers: Employees are required to report to you tips of $20 or more earned during November.

Deposit payroll tax for payments on Dec 4-7 if the semiweekly deposit rule applies.

Wednesday 12/15/2021
Deposit payroll tax for payments on Dec 8-10 if the semiweekly deposit rule applies.

Partnerships: File Form 8813 quarterly payment voucher and pay any tax due.
Non-Resident Alien individuals who DID NOT receive wages as an employee subject to U.S. income tax: File Form 1040NR or 1040NR-EZ if you timely filed Form 4868

Tax Exempt Orgs: Deposit Estimated Tax for 4th quarter due on Unrelated Business Taxable Income for Tax-Exempt Organizations. Use Form 990-W to determine the amount of estimated tax payments required.

Corporations: Deposit the fourth installment of your 2021 estimated tax.
Deposit payroll tax for Nov if the monthly deposit rule applies.

Friday 12/17/2021
Deposit payroll tax for payments on Dec 11-14 if the semiweekly deposit rule applies.

Wednesday 12/22/2021
Deposit payroll tax for payments on Dec 15-17 if the semiweekly deposit rule applies.

Monday 12/27/2021
Deposit payroll tax for payments on Dec 18-21 if the semiweekly deposit rule applies.

Wednesday 12/29/2021
Deposit payroll tax for payments on Dec 22-24 if the semiweekly deposit rule applies.

Friday 12/31/2021
File Form 2290 and pay the tax for vehicles first used during November.
If the employer delayed paying 2020 payroll taxes, 50% of the employer share of social security tax is due by December 31, 2021

Deposit payroll tax for payments on Dec 25-28 if the semiweekly deposit rule applies.

File Form 730 and pay tax on wagers accepted during November.















Source: Tax.gov

It is the responsibility of the business owner to prove their balances. Supporting documents are the best way to ensure accurate financials. Your bookkeeping professional uses these supporting documents to build your general ledger and chart of accounts!

Examples:
Contracts
Invoices
Statements
Receipts
Tax Returns
Original Loan Documents
Check Register

Source: tax.gov

Monday 11/01/2021
File Form 2290 and pay the tax for vehicles first used during September.
File Form 720 for the third quarter.
File Form 730 and pay tax on wagers accepted during September.
Deposit FUTA owed through Sep if more than $500.
File Form 941 for the third quarter.

Wednesday 11/03/2021
Deposit payroll tax for payments on Oct 27-29 if the semiweekly deposit rule applies.

Friday 11/05/2021
Deposit payroll tax for payments on Oct 30 - Nov 2 if the semiweekly deposit rule applies.

Wednesday 11/10/2021
File Form 941 for the third quarter if you timely deposited all required payments.
Deposit payroll tax for payments on Nov 3-5 if the semiweekly deposit rule applies.
Employers: Employees are required to report to you tips of $20 or more earned during October.

Monday 11/15/2021
Deposit payroll tax for payments on Nov 6-9 if the semiweekly deposit rule applies.
File extended Forms Forms 990, 990-EZ, 990-PF, 990-N, 990-BL, or 990-T (Trusts other than section 401(a) or 408(a) trusts) for years ending 12/31/2020
Deposit payroll tax for Oct if the monthly rule applies.
File Form 8038, 8038-B, 8038-G, 8038-TC for bonds issued in Jul/Aug/Sep 2021

Wednesday 11/17/2021
Deposit payroll tax for payments on Nov 10-12 if the semiweekly deposit rule applies.

Friday11/19/2021
Deposit payroll tax for payments on Nov 13-16 if the semiweekly deposit rule applies.

Wednesday11/24/2021
Deposit payroll tax for payments on Nov 17-19 if the semiweekly deposit rule applies.

Monday11/29/2021
Deposit payroll tax for payments on Nov 20-23 if the semiweekly deposit rule applies.

Tuesday11/30/2021
File Form 2290 and pay the tax for vehicles first used during October.
File Form 730 and pay tax on wagers accepted during October.

The Zen Keeper LLC updated their info in the about section.