Bookkeeping

Slack collection policies will tie-up funds for long period, increasing length of operating cycle. The aim of every management should be to reduce the length of operating cycle or the number of operating cycles in a year, only then the need for working capital decreases. The following remedies may be used in contrasting the length […]

While COGS can also include fixed costs, such as overhead, it is generally considered a variable cost. There is also a category of costs that falls between fixed and variable costs, known as semi-variable costs (sometimes called semi-fixed costs or mixed costs). These are costs composed of a mixture of fixed and variable components. Costs

Revenue recognition is an essential aspect of accounting that outlines the process of identifying and recording revenue earned by a business. It is a standard accounting principle that is used to determine when and how much revenue should be recognized in a company’s financial statements. However, it is often confused with revenue realization, which is

One group of motives derive from errors or changes in the transaction. For example, some information was wrongly written or the check is not needed any more because the transaction was cancelled. But another common reason is simply to send reliable information about the banking account to another person or organization. If you don’t have

An insurance company can help guide individuals in selecting the right annuity for their situation. In this article, we’ll unpack these differences, how each type works, and the financial implications to help you choose the best option for your needs. The concept of present value lies in the belief that money’s worth today differs from

Many bookkeepers also offer filing services, but their jobs are made easier and more accurate when a client uses accounting software. A bookkeeper can also provide you with reports on cash flow or show you what’s going on with your chart of accounts so you can streamline costs and stay on top of your business

The sole aim of this planner was to exude happiness from the user every day. To do this, manufacturers designed this 90-day planner with an intelligent mobile tracking app, copper-gilded pages, and even color-coded areas for all your agenda. There’s no such thing as too much journaling, and the EVO planner will attest to this.

You should consider our materials to be an introduction to selected accounting and bookkeeping topics (with complexities likely omitted). We focus on financial statement reporting and do not discuss how that differs from income tax reporting. Therefore, you should always consult with accounting and tax professionals for assistance with your specific circumstances. Within the cash

Identifying your strengths and weaknesses allows you to make informed decisions and take appropriate actions. See our article How To Get Customers Through the Door; you’ll find a few ideas you can use. Assess your agency’s specific needs and consider hiring or outsourcing accordingly to meet those requirements effectively. Provide excellent customer service If you are

The two versions are independent of each other, which means the data you enter on Desktop doesn’t sync to the Online version and vice-versa. Another cumbersome feature that users don’t like is the requirement that clients must establish their own accounts to pay an invoice. Other popular merchant processors don’t require this, making collecting payments