Category: Bookkeeping

This team of experts helps Finance Strategists maintain the highest level of accuracy and professionalism possible. Managers are always on the lookout for ways to reduce costs while trying to…

Here, we have divided each item by the company’s total sales and shown each category as a percentage of total sales for year 1-3 respectively. This means Mistborn Trading saw…

Regardless of the ease of changing your entity structure, careful analysis should be completed prior to any change to mitigate any unintended consequences. Transition planning is a complex process that…

In lease situations, the lessor uses the residual value as one of its primary methods for determining how much the lessee pays in periodic lease payments. As a general rule,…

It’s all about what makes sense for recording transactions and making books balance. Companies use payroll clearing accounts to hold funds for paying workers, covering payroll taxes, or both. Clearing…

That’s why it’s essential to invest in accounting solutions that make sense for your business type. Learn more about our affordable and intuitive R&D tax credit software here. For starters,…

You can use this information to pinpoint elements of your sales that are going well or to cut ineffective practices. Analyzing changes in your company’s gross margin helps you track…

It does not take into account factors such as long-term debt and depreciation which can also affect a company’s liquidity position. It measures the ability of a company to meet…

They usually plan the operating budgets first since the information from the operating budgets is needed for the financial budgets. Accounting software is designed to simplify and automate financial processes,…