Bookkeeping

Organizations must adopt a holistic approach, considering both quantitative and qualitative aspects, to optimize cost center contributions. Remember that effective cost center management [...]

QuickBooks Solopreneur is specifically for freelancers, while QuickBooks Online is a good fit for nearly any size business. QuickBooks Solopreneur offers basic features at a cost-effective price. [...]

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 [...]

For example, a grocery store displays advertisements for a national brand in its weekly flyer. The national brand gives the grocery store cash, reducing the overall cost of printing the flyer. [...]

Most business accounts and cash accounting activities can be categorized into one of these areas. If you want to learn more about bookkeeping, follow our guide on starting how to become a [...]

Other cost varies for each business; a security guard’s salary is a utility expense in the case of banks and ATMs. All the maintenance expenses fall under utility expenses for all public [...]

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 [...]

This means they are taking blockchain more seriously and that it might be a good idea for you to as well. It’ll eliminate mundane jobs like reconciliation transaction data and having to put [...]

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 [...]