Bookkeeping

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

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.

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

The four depreciation methods include straight-line, declining balance, sum-of-the-years’ digits, and units of production. The total amount depreciated each year, which is represented as a percentage, is called the depreciation rate. For example, if a company has $100,000 in total depreciation over double declining balance method an asset’s expected life, and the annual depreciation is

It is also known as net assets since it is equivalent to the total assets of a company minus its liabilities or the debt it owes to non-shareholders. Accounts within this segment are listed from top to bottom in order of their liquidity. They are divided into current assets, which can be converted to cash

With Web File, you can schedule payments in advance, save your bank account information for future use, and update your business information. How quickly, or slowly, you choose to sell your assets depends on a number of factors. You need to consider how long you’re going to hold on to the asset, how much it’s worth and