Category: Bookkeeping

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Save more by mixing and matching the bookkeeping, tax, and consultation services you need. Purpose of Finding Net Credit Sales on the Balance Sheet It is typically listed as a separate line item under the revenue section of the income statement. The average collection period measures the time necessary for a company to obtain cash…

Our Target Profit Calculator simplifies the process, helping you make informed financial decisions with ease. Custom pens can enhance brand awareness, thereby increasing company acceptance on the market. As a high-end business gift,  it can help the firm to accurately reach out to the target customer group and improve marketing efficiency to effectively accelerate the…

Wondering how to specifically apply the five steps of revenue recognition to your SaaS business? Remember, at the end of January your Unbilled is $1,000 NOT $3,000 — the revenue you have earned to date. Sending an invoice moves the transaction from Unbilled Revenue into Accounts Receivable. Unbilled Accounts Receivable (AR) While a simplistic view,…

To reference our early automotive analogy, while every car might run a little differently, they all perform best with proactive care and maintenance. In the same way, a good month end close requires teams to iron out processes, implement checklists, and leverage automation in order to get top-notch closing times. The most efficient accounting teams…

Much has been written (including by us) about gen AI in financial services and other sectors, so it is useful to step back for a moment to identify six main takeaways from a hectic year. With gen AI shifting so fast from novelty to mainstream preoccupation, it’s critical to avoid the missteps that can slow…

We also empower those very same Accounting Professionals to be an advisor to their QuickBooks clients. Take your business to the next level with this four-part marketing video series and learn how to expand the reach of your firm. Set yourself apart by showing clients your expertise with professional badges and certifications. Learn how to…

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Accounting fees can also vary depending on the size and complexity of the client’s business. For example, the accounting needs of a small business owner will likely be different from those of a large corporation. Accountants often adjust their fees based on the number of transactions and the level of complexity involved. $150 – $400…

Appoint a trustworthy individual as the custodian who will be responsible for managing the petty cash fund. Since the petty cashier does not have to collect, he can now make the small expense recording more accurate. The finance team will verify the past expenditures and send a cheque for petty expenditures for the next period.…