Kategori: Bookkeeping

The first option is the indirect method, where the company begins with net income on an accrual accounting basis and works backwards to achieve a cash basis figure for the period. Under the accrual method of accounting, revenue is recognized when earned, not necessarily when cash is received. To get … Fortsätt läsaOperating Cash Flow OCF Formula Calculation Example

A profit and loss statement template is only a small part of the financial coverage found on our blog. For those who care to read more on the subject, below are links to some of the more recent pieces we’ve published on the subject. We’ve gathered the most useful inventory … Fortsätt läsaTop 4 Free Accounting Templates for Excel

This could be a customer slipping and falling in your store, a product you sell causing an injury, or even something your employee does while on the job. If your business’s actions lead to someone getting hurt or suffering damages, you could be held liable. I always tell my friends … Fortsätt läsaWhat Is Bodily Injury Liability Insurance?

Chartered accountant Michael Brown is the founder and CEO of inventory obsolescence journal entry Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both small … Fortsätt läsaJournal entry for disposal of obsolete inventory

There may also be state-specific documents (such as transfer tax documentation, tax certificates, additional affidavits, disclosure documents, etc.). When it comes to real estate, almost every purchaser acquires an owner’s title insurance policy. Not every tenant opts for a leasehold title insurance policy, and deciding whether to pursue one requires … Fortsätt läsaUnderstanding Leasehold Improvements and Their Financial Impact

Reviewing CapEx, acquisitions, and investment activity are some of the most important exercises to see how efficiently a company’s management Certified Public Accountant is using shareholder capital to run its operations. The three sections of Apple’s statement of cash flows are listed with operating activities at the top and financing activities … Fortsätt läsaWhat are some examples of investing activities?

We also offer business specific customized reports, employee payroll reports, AP & AR management, paying invoices, running payroll,  and much more. If there’s a service you need that’s not on this page, simply get started and speak with us about it. This approach can save businesses both time and money … Fortsätt läsaQuickBooks Bookkeeping QuickBooks for Plumbers

It’s essential to stay informed about these regulations to avoid penalties or loss of credentials. Management accounting focuses on providing internal stakeholders with relevant financial information. It aids in operational decision-making, cost management, and performance assessment. Many programs also emphasize the importance of ethics and business law, essential for an … Fortsätt läsa+17 Bookkeeping Skills for a Successful Bookkeeping Career

Hiring a tax professional ensures you are not missing deductions or making costly errors. You get full-time accountants who are just as capable as local talent but at a fraction of the price. Plus, interviews are free, so you are never out of pocket unless you make a hire​. Genius … Fortsätt läsaAccounting For Startups The Entrepreneur’s Guide