Bookkeeping

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 [...]

Someone on our team will connect you with a financial professional in our network holding the correct designation and expertise. Our team of reviewers are established professionals with decades [...]

For example, when the invoice is 7 days overdue, 14 days overdue, or 21 days overdue. Xero comes with pre-built charts of accounts so that you grant scam and fraud alerts can begin classifying [...]

For example, a company’s annual expenses may so vastly outweigh its revenue that it can’t reasonably make a profit. On the other hand, a company may be operating at a profit buts its [...]