Categoria: Bookkeeping

With more than 3 million users worldwide, Xero is popular but not as ubiquitous as QuickBooks Online. Feature set includes an excellent mobile app and suite of reports, capable invoicing features, plus automated bill and receipt capture through Hubdoc. Both services do offer an app marketplace, for both in-house mobile apps and absorption dictionary definition […]

For example, if a small restaurant does not have enough money to buy food and pay its employees, it may have to close down. However, as decided in Walkovszky v. Carlton, the parent corporation is not responsible for settling claims in excessof remaining assets when an undercapitalized subsidiary fails. Accountants can structure the financials in […]

Cleveland Guardians: A Look at the Season Ahead If you’re a baseball fan, staying up-to-date with your favorite teams is essential. Whether it’s the latest player stats, game analyses, or team news, having a reliable source of information makes following the game much more exciting. At Batting Leadoff, we’re committed to providing detailed insights and […]

They can include rent, utilities, salaries and wages, sales and marketing expenses, and administrative expenses. An Income Statement in Finance and Accounting consists of several key components that provide a clear breakdown of a company’s financial performance. Legal E-Billing Each section helps businesses analyze profitability, manage costs, and make strategic decisions. The accounting method under […]

For a simple example, if your total estimated costs are $5M, and you’ve incurred $2.5M in costs, then your project is 50% complete. As a basic example, if your project is set to incur high material costs in Month 4, it’s important that leading up to Month 4 there be enough cash to pay the […]

Because of this, a violation of a retainer and contingency agreement would be treated as a breach of contract. In these cases, the party that did not violate the contingent agreement would be entitled to receive monetary damages to cover any losses that were caused by the breach. Therefore, the attorney’s payment is contingent upon […]

An example of how to calculate depreciation expense under the straight-line method — assume a purchased truck is valued at USD 10,000, has a residual value of USD 5,000, and a useful life of 5 years. The journal entry for this transaction is a debit to Depreciation Expense for USD 1,000 and a credit to […]

With back-office software, companies can derive actionable intelligence from the system without any particular expertise. Some of the functions of the back office are confirming trades and settlement instructions, clearances, record maintenance, regulatory compliance, accounting, and IT services. In this environment, it is difficult to know if you are delivering your services accurately, on time, […]

Computer screen diameters are also almost exclusively given in inches. Engineers use the metric system, hence if an engineer from the USA works on a European project, a good approximation of conversions is a must. As you can see, both centimeters and inches are used for measuring length in the metric and imperial systems. If […]

These obligations are likely to become liabilities in the future. AR Functions of invoices and payments and credits memos are properly honored by the program’s interface for Proper reporting basis. That would have constituted the exchange of one asset (A/R) for another but under cash accounting A/R is not a true asset and a write-off […]

A taxpayer whose ITIN has been deactivated and needs to file a U.S. return can reapply using Form W-7, Application for IRS Individual Taxpayer Identification Number. You can visit an IRS Taxpayer Assistance Center for in-person assistance with the ITIN application process. Not introduction to total return swaps all IRS Taxpayer Assistance Centers can process ITINs, so […]

Get free guides, articles, tools and calculators to help you navigate the financial side of your business with ease. Peering into the world of financial reports can feel like deciphering an ancient language. Once you get a handle on these numbers, they’ll start to sing sweet tales of your salon’s fiscal health – or give […]

The periodic inventory approach was very well-liked before technology accounting solutions were introduced. There was no denying its shortcomings, but most business owners believed its advantages exceeded them. It’s interesting to note that the method is still widely used today, and many business owners prefer it to the perpetual inventory system. Businesses that don’t have […]

Pricing is based on the average of your monthly expenses over a three-month period. Live bookkeepers aren’t responsible for errors resulting from incorrect information that you provide, or if you re-open the books by overriding closure after a Live bookkeeper completes the month-end closure. If your monthly average is $50,001 or more, the monthly price […]

AP encompasses any amount of money a company owes besides payroll, including goods or services purchased, software subscriptions, logistics, late fees, or office utility bills. The accounts payable department also works to reduce costs by developing strategies to save a business money. For example, paying an invoice within a discount period that many vendors provide. […]

Job order costing is better suited for businesses that produce customized, low-volume products. It tracks costs for each unique job and provides more accurate cost data when production differs across orders. Process costing works better for high-volume, continuous production with standardized outputs, averaging costs across production runs. Job order costing and process costing are two […]

Employee health records may be stored in a locked cabinet for occasional reference only by a HR manager. A business record is a document or other evidence of a commercial activity. Business records can be a data point such as a timecard swipe or a paper document filed in a locked cabinet. This article walks […]

Still unclear is how much state lawmakers’ property tax cuts have benefited renters. About 20% of every rent dollar paid by Texas tenants goes toward property taxes, according to the Texas Apartment Association — though that share can be higher in the state’s urban areas. On average, the selected homeowners — whose property taxes peaked […]

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