Category: Bookkeeping

Virtual bookkeeping is cheaper than hiring an in-house bookkeeper since you don’t have to pay salaries, benefits, etc.; it still gets you professional expertise. Shoeboxed automates expense tracking and reporting with little to no manual entry. Urban areas with higher …

How Much Does a Bookkeeper Cost? Guide to Bookkeeping Fees Read More »

Each company evaluates the right mix of liabilities and equity taking into account their risks, cost of capital, tax opportunities, and their ability to raise capital. Once a company finds the right debt-to-equity-ratio in their capital structure, they can begin …

Understanding Capital in Business: Function, Types, and Sources Read More »

Twitty’s Books began its 2018 fiscal year with $330,000 in sellable inventory. By the end of 2018, Twitty’s Books had $440,000 in sellable inventory. Due to inflation, the cost to make rings increased before production ended. One advantage is that …

Understanding Cost of Goods Sold COGS and Its Impact on Financial Statements and Profitability Analysis Read More »

With Deskera you can effortlessly manage and oversee your invoices, credit notes, business expenses, financial reports all in one place. One of the best accounting software for small businesses today is Deskera. After reviewing the transactions, prepare the necessary journal …

T Account Examples Step by Step Guide to T-Accounts with Examples Read More »

Optimize your nonprofit marketing budget plan with this dynamic, plug-and-play template. A pie chart provides a quick breakdown view of your resource allocation (e.g., national marketing, local marketing, public relations, social media, etc.). In order for nonprofits to determine how …

True Program Costs: Program Budget and Allocation Template and Resource Read More »

It helps keep track of what goods should be arriving, and then you can match them with the invoices to ensure the details such as types of goods and quantities. This will keep you informed about the status of your …

The 411 on Getting and Using a Post Office Box Read More »

A healthy ratio assures lenders the business is a safe bet for additional loans. High liquidity ratios mean you can cover your bills and obligations without strain, giving you the freedom to seize opportunities or weather downturns. They reassure you, …

Ratio Analysis Definition, Formula, Calculate Top 32 Ratios Read More »

While the actual EA exam questions will always vary, assessing the sample questions published by the IRS gives you a good perspective of the exam material and question types. So, if you feel comfortable with the sample questions, you can …

About the Enrolled Agent Exam Read More »

Typically, these fees can be anywhere from $25 to $35 per incident, but some banks may charge even more. Additionally, if the same check is presented multiple times and bounces each time, you could face multiple fees for the same …

Understanding Check Bounced Fees: A Comprehensive Guide Read More »

This position proved invaluable for learning how banks and other financial institutions operate. Daily correspondence with banking experts gave me insight into the systems and policies that power the economy. When I got the chance to translate my experience into …

What Is a Delinquent Account? Understanding Its Impact on Your Credit Read More »