Articles catégorisés: Bookkeeping

Accountants help businesses maintain accurate and timely records of their finances. Accountants are responsible for maintaining records of a company’s daily transactions and compiling those transactions into financial statements such as the balance sheet, income statement, and statement of cash flows. Accountants also provide other what is consulting in accounting services, such as performing periodic… Read more »

The company’s retained earnings calculation is laid out nicely in its consolidated statements of shareowners’ equity statement. Here we can see the beginning balance of its retained earnings (shown as reinvested earnings), the net income for the period, and the dividends distributed to shareholders in the period. Cash payment of dividends leads to cash outflow… Read more »

Upon dividing the $2 million in gross profit by the $10 million in revenue, and then multiplying by 100, we arrive at 20% as our gross profit margin for the retail business. The formula to calculate the gross margin is equal to gross profit divided by net revenue. The gross profit method is an important… Read more »

During our test of Zoho Books, we were impressed by its additional tools like project management and time tracking. This is useful for microbusinesses who want one software with multiple functions. Managerial accounting is the process of measuring and analyzing your company’s financial data for the purpose of informing the decision-making process for managers. You… Read more »

All handwritten and printed receipts can be easily scanned using a smartphone or directly uploaded into the Nanonets platform. With Hiveage I’m able to spend more time on the tasks that will actually grow my business without getting bogged down by non-billable administrative activities. We’ll scan and automatically upload every receipt, every time. A native… Read more »

Our services include bookkeeping, payroll, taxes, accounts payable, accounts receivable, notary, incorporation services, IRS representation. For over 49 years, Santoni Bookkeeping Inc has delivered our clients individualized service and expertise. We offer a variety of services, including full-charge bookkeeping, personal and corporate tax returns, payroll, incorporation consulting, and IRS representation. ABC30 has a long history… Read more »

The buyer is thus responsible for clearing the cargo once it arrives and paying any import duties and charges. The seller handles a large chunk of the shipment, and the price charged for this privilege might not always represent the best deal. For this reason, some buyers prefer handling this to keep costs down or… Read more »

The dividends of a cumulative preferred share are calculated as follows. Preferred shares are classified into cumulative preferred, non-cumulative, participating preferred, and convertible preferred stocks. Common shares are types of stocks that show partial ownership in a company. In other words, somebody who owns one or more common shares is part-owner of the corporation which… Read more »

For such companies, inventory forms an important asset on their company balance sheet. The gross margin, resulting from the specific identification periodic cost allocations of $7,260, is shown in Figure 10.6. Being largely dependent on the value of inventory items, the Cost of Goods Sold varies by which inventory valuation method a company uses. There… Read more »

And, of course, your rate isn’t fixed — you can always change it if you feel like you’re not priced correctly. Certification is also available within certain software products, too — for instance, you can get certified in QuickBooks. There are two pieces of the business plan that deserve a little extra consideration. Your sensitive… Read more »