ContentWhat to look for in an income statementDetermine the Starting BalanceDo Companies Need to Report a Cash Flow Statement?How to Prepare a Cash Flow StatementCash Flow Statement Indirect MethodMotley Fool Investing PhilosophyCash Flow Analysis: The Basics As a business owner, those things are important to know when shaping your strategic plan. When cash flows into [...]

Our team-based approach ensures that you get the knowledge and expertise you need on your accounting team. Bookkeeper360's main challenge will be competing with other emerging fintech solutions aimed at small businesses. bookkeeper360 jobs However, the company's impressive funding success is testament to the value-adding potential of its technology. Since 2012, Bookkeeper360 has been the [...]

Appearing as a liability on the balance sheet, notes payable generally have a longer-term nature, greater than 12 months. The length of time in which the loan is due dictates whether it’s recorded as a short or long -term liability. Short- term liabilities are those due within 12 months and long- term are due in [...]

ContentAccountingHoursOffice Technician - Accounting - Central Office'Supporting Your Future'Our ServicesAccountant - Accounts Payable - Full TimeSj Bookkeeping Services Accurate financial information allows you to make sound financial decisions. Small mistakes or oversights can have significant financial consequences. Having confidence in your financial information means you can make major financial decisions with peace of mind. Working [...]

ContentTracking for historical book/tax differences is goneExample: Straight-line rent expense calculationTypes of concessions applying the practical expedientCOVID 19: Accounting for lease modifications If an application is denied and an applicant is unable to move into the home, the holding fee and security deposit are refunded. Any fees paid are forfeit if an applicant is approved, [...]

Further, non-recourse factoring fees are generally higher because it’s riskier for factoring companies. When your business needs working capital, invoice financing or factoring can help. But if going with invoice factoring, you have to decide whether you’re okay with the factoring company interacting with clients. In contrast, with invoice financing, you maintain control over the [...]

ContentWhat does it mean for a company to have high retained earnings?Which items appear on both a statement of retained earnings and a balance sheet?Statement of retained earningsFormat of the statement of retained earningsRecord the previous year’s balance. If you own a sole proprietorship, you’ll create a statement of owner’s equity instead of a statement [...]

Discover the average CPA salary and market expectations for new and experienced CPAs. In some cases, the differences are insignificant, while in other cases, those differences are of vital importance to your business. Accountants are responsible for reconciling bank accounts at month-end, as well as general ledger accounts. For example, if your ending utility expense [...]

But if you plan on being the only user, you can download this small business accounting application anytime at no cost. If you’re using accounting software, the accounting cycle is automated, reducing the number of steps drastically. All financial transactions should have a journal entry, and a debit and credit in the ledger. Keep copies [...]

(Overhead was addressed in Building Blocks of Managerial Accounting.) And while Chili’s has the same nationwide menu, it needs a system to collect the costs for each menu item within each location. In the first stage of production, Coca-Cola mixes direct materials—water, refined sugar, and secret ingredients—to make the liquid for its beverages. The second [...]