Bookkeeping

It’s important that everyone involved in the payroll process is trained properly. Whether you provide training through your human resources department or you have a third party train your team, it’s crucial that there is a training process. Everyone should use the same procedures and processes to make payroll as effective as possible. We will […]

Finally, optimized AR management creates a more efficient accounting team focused on strategic initiatives rather than administrative duties. Proper revenue recognition allows businesses to accurately monitor their financial performance, manage resources, and make informed decisions about pricing, production, and growth. Those pressures have only intensified with the dramatic rise in inflation that followed and a

In either case, expect the cost of incorporating to be somewhere between $1,000 and $2,000. The friends and family route is much retained earnings equation – explanation and example less formal than getting a bank loan or capital investment. Some may be willing to put money into your company on an interest-free basis. Don’t go

The downsides are the lack of sales orders, lead management, and other complexities that loyal Desktop users may miss (such as customizable letter templates, a built-in calendar, and even spellcheck). These versions give business owners more features and reports geared toward their industry. QuickBooks Online offers over 80 reports depending on your plan, best accounting

For information pertaining to the registration status of 11 Financial, please contact the state securities regulators for those states in which 11 Financial maintains a registration filing. Incorrect classification of an expense does not affect the accounting equation. Understanding how the accounting equation works is one of the most important accounting skills for beginners because everything we

As an investor, it is important to be aware of these practices and to understand a company’s financial statements in order to get an accurate picture of its profitability. This is commonly used by investors because it gives a more accurate picture of a company’s true profitability. For example, if a company makes 8 dollars

Markup, on the other hand, requires you to know both your selling price and your competitor’s prices, which can be challenging to track. No matter which metric you use, it’s important to track both measures over time to see how your business is performing. By monitoring these metrics, you can make changes to your business

This is a key figure for investors, creditors, and internal management because it shows how profitable the company is at selling its goods or making its products. Merchandising companies prepare financial statements at the end of a period that include the income statement, balance sheet, statement of cash flows, and statement of retained earnings. The

Find business and financial resources to help you manage your massage practice effectively. Planners and organizers designed specifically for the massage therapist to be more efficient in the business of bodywork. If you want to email us, the email address is And that goes to both Allissa and me and we would be happy to