Bookkeeping

Every business has unique needs, and your AP service provider should be able to tailor their services accordingly. Whether it’s handling different types of invoices, integrating with your existing financial systems, or scaling services in line with your business growth, the provider should be flexible and adaptive. Managing accounts payable (AP) stands out as a […]

That letter isn’t Greek or Roman, but the average reader would likely understand the concept. You’d look for a G or MMM in the world of financial analysis and accounting. If you had a commercial property valued at $92 million, a modern writer would likely abbreviate the expression by saying it was worth $92M. In

A debit increases an asset or expense account, or decreases a liability or net assets account. A credit increases a liability or net assets account, or decreases an asset or expense account. Next, you need to analyze how the transaction affects each of the identified accounts. Determine whether the account will increase or decrease and

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. Accounting software can simplify the management of and reporting from your ledger. With the appropriate level of automation integration in your chosen tool, you can pull the relevant values into

Unlike most other outsourced bookkeepers on our list, Merritt Bookkeeping doesn’t offer any in-house add-ons for payroll and tax services. If you were hoping for a one-stop shop that can tackle all of your financial needs, Merritt might not be the right choice for you. But Merritt Bookkeeping’s most stand-out feature might be its in-depth

Under FIFO, the brand assumes the 100 mugs sold come from the bearer bonds meaning original batch. Because the brand is using the COGS of $5, rather than $8, they are able to represent higher profits on their balance sheet. While there is no one “right” inventory valuation method, every method has its own advantages

This ensures that critical financial tasks can be managed securely from anywhere, enhancing flexibility and operational responsiveness. A clean, well-organized dashboard helps users find crucial features like expense tracking and invoicing. Customized reports and real-time data visualization are also important, enabling executives to make informed decisions swiftly. Selecting accounting software with an intuitive user interface

This tells potential investors that the company in question is not generating enough profits to meet its current liabilities. A company’s quick ratio is a measure of liquidity used to evaluate its capacity to meet short-term liabilities using its most-liquid assets. A company with a high quick ratio can meet its current obligations and still

Once you’ve considered what you’re trying to do with your cash flow statement, one method will make more sense. Since crediting revenue imbalances the equation, you have to debit accounts receivable. For example, the bigger your company is, the more labor-intensive the direct method will become. The more complex your business’s finances are, the more

To understand the differences between outstanding shares and float, we first need to understand the types of shares. The shares can be grouped according to the length of time that they were outstanding. In this case, group 1 consists of 100,000 shares that were outstanding for the entire year, while groups 2 and 3 are