Kategorija: Bookkeeping

The other end ofthe spectrum is hard working ethics and pride of skilledlabored. In the early 1900s, the term “blue collar” gained widespread usage in labor unions and political discourse. It was often used to distinguish between workers who performed physical labor and those who held salaried, office-based jobs. What is a Blue-Collar Worker and

Finally, make sure you’re prepared to share your financials with a third party. We know that can be scary, that’s why it’s important to choose a top-tier outsourcing service. Remember to consider what you’re looking for in a bookkeeping service, as outlined in the cost section above. Additionally, when you have accurate books, you can

Income statement items are temporary accounts and are not included in the post-closing trial balance. Keeping accurate financial records keeps communication with stakeholders clear. It also boosts a company’s reputation for being financially transparent. Why is it important to distinguish between temporary and permanent accounts? To know how much your revenue and expenses were for

It utilizes free electronic filing to assure prompt and accurate filing as well as a variety of tax worksheets and filing options. These worksheets will allow you to get the most out of the tax services this Phoenix firm offers. There are various available write offs that you may be unaware of, this Phoenix accounting

This amount is typically calculated as a percentage of the policy’s cash value. If the cash surrender value changes during the year, the change will reduce or increase insurance expense for the year, as shown by the following journal entry. We’ll assume that XYZ Corporation, a fictional entity, pays $3,000 for a $10,000,000 CEO life

This second journal entry would include a debit to Sales and a credit to Accounts Receivable. You’ll notice that the sales notebook only lists credit sales for inventories and products. As the debt owed has now been paid, we need to clear the £500 debit that was posted when the purchase was initially made. As

Bad debt to sales ratio refers to the percentage of your company’s bad or doubtful debts in regard to sales. It’s essential to look into this ratio to assess and improve your collections. It can be used to establish your collection risk management policy, important for making smart strategic decisions. What Are the Challenges of

All of our content is based on objective analysis, and the opinions are our own. This can result in abnormal losses as well and unexpected expenses being incurred. The AI assistant not only provides the numerical output directly in the spreadsheet but also explains the calculation process through its interactive chat interface. This dual-display capability

Prospective investors can think that SIPs and mutual funds are the same. However, SIPs are merely a method of investing in mutual funds, the other method being a lump sum. A SIP calculator is a tool that helps you determine the returns you can avail when parking your funds in such investment tools. Systematic Investment Plan or

These financial key ratios are extremely useful for management decision making and stakeholders understanding. They are easy to interpret as well as calculate, making them very a very important tool for company evaluation. The management, investors, analysts, etc can use analysis of financial ratios for measuring profitability, efficiency, solvency and financial position. The price-to-sales (P/S) ratio