Bookkeeping

You can then use these line items to adjust your financial strategies or business plans accordingly. Many analysts look at free cash flow to determine the true profitability of a business. Free [...]

Whenever cash is paid out, the Cash account is credited (and another account is debited). A T-account is used in bookkeeping, which involves keeping track of the financial transactions that occur [...]

The applied overhead is then calculated by multiplying the predetermined rate by the actual number of allocation base units used in the production process. Added to these issues is the nature of [...]

The latter will be a portion of your accrued payroll; the former was already accounted for in gross pay. It’s smart to keep a close eye on the payroll expenses  that have accrued over a [...]

The higher the quick ratio, the more financially stable a company tends to be, as you can use ‌the quick ratio for better business decision-making. Marketable securities, are usually free from [...]

It is replenished up to the fixed amount that was originally designated for the petty cash fund. Jane stops to pick up two boxes of donuts, leaving her with $5 in her wallet. Fortunately, her [...]

Firstly, you will need to complete and sign Form W-7 as part of the ITIN application. If you just need to file Form 8843 (had no taxable US income) then you likely will not need an ITIN either. [...]

For individuals and companies, it measures the net gain of their revenues as a result of working or doing business. To find your personal monthly gross income, calculate what are noncash expenses [...]

It can be used as a cost driver to allocate overhead expenses to the production process. Sling even lets you optimize labor costs by setting wages per employee or position so you can see how much [...]

Virtual bookkeeping is a game-changer in simplifying the organization and retrieval of financial data. Work hard once you have decided to become a bookkeeper and give your best in all the [...]