Category: Bookkeeping

Like other approaches, book value examines the equity holders’ portion of the profit pie. Unlike earnings or cash flow approaches, which are directly related to profitability, the book value method measures the value of the stockholders’ claim at a given point in time. An equity investor can deepen an investment thesis by adding the book… Continue reading Book Value Definition, Formulas & Example

A negative balance is mostly seen in a checking account when a business has a negative balance. The negative balance occurs due to issuing checks for significant amounts of cash, that exceed the amount in the checking account. Retained earnings refer to the profits earned by a company, minus the dividends it paid to the… Continue reading What is Opening Balance Equity in QuickBooks And How To Manage?

Content Everything to Run Your Business Types and examples of adjusting entries: Resources for Your Growing Business Accrued revenue ( . Adjusting entries for accruing uncollected revenue: Customer ServiceCustomer Service Expenses may be understated Mary Girsch-Bock is the expert on accounting software and payroll software for The Ascent. A computer repair technician is able to… Continue reading How to Prepare Adjusting Entries: Step-By-Step 2023

Every inDinero plan includes a dedicated account manager, direct employee reimbursements, some inventory management, and payroll assistance. It also syncs with either QuickBooks Online or Netsuite (as opposed to syncing just with QuickBooks, like most virtual bookkeepers). Virtual CPA services eliminate the need for physical office space, allowing nonprofits and small businesses to save on… Continue reading Virtual accounting: How to succeed remotely

Content Business Financial Plan Template Sample Profit and Loss Statement Template What Is a Profit and Loss Template? Court Forms Catalog Other Financial Templates for Business Plan Annual Profit and Loss Sample Template Oversee monthly profit and loss information for your small business with this dashboard template. The charts included on the template display total… Continue reading FREE Profit and Loss Statement PDF

We can fully wipe your data, too—at the end of the day, it’s your info and your call. If any of these warning signs resonate with you, it may be time to hire a bookkeeper. But before you do, let’s look at some questions you should ask yourself before making the decision. Discover the 4-step… Continue reading How Much Does Bookkeeping Cost?

Content Growth management Follow these steps to find a professional to help navigate the maze of tax issues facing your startup. Want More Helpful Articles About Running a Business? Personal Financial Advice and Planning Requirements and skills Our Team Will Connect You With a Vetted, Trusted Professional Can you call yourself an accountant without a… Continue reading Do You Need A Financial Advisor Or An Accountant?

You can use your resource management tool to adequately divide your workforce (or bring more people on). Based on the FTE value, some of your employees could be eligible for minimum or affordable healthcare insurance. Knowing this will help you stay compliant with state and federal laws. For a business, specifically those with a large… Continue reading What is Full-Time Equivalent FTE & How to Easily Calculate It

Although not technically an audit, the compliance check aims to monitor an organization’s conformity to the federal law that has jurisdiction. Such a practice exposes areas and protocols where improvement is desirable. After all, raising and disbursing funds is sometimes a tedious, monotonous business. Hiring a professional CPA to conduct an independent audit highlights points… Continue reading Nonprofit audits: Intro guide, checklist, and tools to plan ahead Sage Advice US

A pre-printed deposit slip might be required—not the blank ones you grab at the bank and fill out by hand. You may have several of these pre-printed slips in the back of your checkbook. See if you can set up your bank account link entirely online. This order is then bundled up with all the… Continue reading How To Void A Check And When You May Need One