Bookkeeping

It is important for companies to keep track of outstanding checks in order to maintain accurate financial records and ensure that the cash balance reflects the true amount of funds available. In conclusion, outstanding checks can pose risks to your financial stability if not properly managed. Stay proactive in tracking and reconciling your accounts, communicate […]

T accounts provide a clear and concise way to track the flow of financial transactions for individual accounts. They facilitate the recording and analysis of transactions, making it easier to prepare financial statements and understand the financial health of an organization. In double-entry bookkeeping, every financial transaction impacts at least two accounts. This system ensures

These managers argue that even though employees know that they will rarely meet the standards, it is a constant reminder of the need for ever-increasing efficiency and effort. However, output in many companies is no longer determined by how fast labor works; rather, it is determined by the processing speed of machines. When costs fall

Smart software packages provide customiseable reports and forecasts that let you make financial decisions that work today, and in the future. If you earned above this threshold in the last 12 months, or you expect to exceed this threshold in the next 30 days, it’s time to sign up for VAT. Creatives, IT, Architects, Medical

Many reviewers said that they like that they can add new transactions instantly and that the software guides them when filing taxes. QuickBooks Online does a lot of things, but calculating quarterly estimate taxes is not one of them. That said, estimating quarterly taxes is not exactly rocket science. How does QuickBooks Self-Employed compare to

Pro forma financial statements are essential tools for businesses to plan and project their future financial performance. These statements are based on assumptions and estimates, helping companies understand the impact of various scenarios on their financial position. The three primary components of pro forma financial statements are the Pro Forma Income Statement, Pro Forma Balance

Our teams are specialized in helping you with your ecommerce accounting needs. We handle areas such as inventory and COGS, online sales tax, and sales channel bookkeeping. We combine our accounting expertise with the best technology to provide businesses with accurate financials. Gross profit or gross margins, which is percent of dollars after my cost

Thus, a shareholder concerned for his earnings will also be concerned for the company. To calculate enterprise value from equity value, subtract cash and cash equivalents and add debt, preferred stock, and minority interest. Cash and cash equivalents are not invested in the business and do not represent income statement the core assets of a

Calculate your annual salary first to determine your gross monthly income if you earn an hourly wage. Multiply the number of hours you work per week by your hourly pay, then multiply that by 52. Lastly, divide that number by 12 for your gross monthly income. Calculating the gross monthly income if you’re an hourly

The online version offers the flexibility of accessing your tax information from any internet-connected device, with data securely stored in the cloud. You can switch back and forth between TurboTax online and the app seamlessly. Whether you’re a seasoned filer or new to the process, TurboTax Online equips you with the tools necessary to navigate