Bookkeeping

Reports are important for managers, owners, and decision-makers. The software must have enough reports that can be generated with a few clicks. Moreover, we’d also like to see cu...

To help avoid this, the following discussion provides an overview of the depreciation recapture rules. Finally, tracking depreciation can also help companies to keep track of the...

The cost approach and the sales-comparison approach to value both benefit from RUL research. The estimation of RUL is one way of assessing any external obsolescence in the cost ...

The equity multiplier formula is calculated by dividing total assets by total stockholder’s equity. To calculate the shareholders’ equity account, our model assumes that the only...

QuickBooks Pro only supports up to three users, and you have to pay per user. QuickBooks Online supports up to 25 users based on the plan you select. Learn more about the differe...

Companies with strong liquidity ratios are considered less risky investments, as they are more likely to meet their short-term obligations and maintain financial stability during...

Interact directly with your bookkeeper using one-way video and virtual screen share. Coming up with a vision statement helps outline your company's goals and what you want to ac...

There are several key rules of bookkeeping to keep in mind, but one of the most important is regarding debits and credits. In other words, debit is all incoming money, while cred...

A snowball begins small, but as more snow is added, it grows larger. You must note that a higher compounding frequency works only in your favour when you have lent money or made ...

The more frequently compounding occurs, the greater the future value because compound interest is calculated on the initial principal and also on the accumulated past interest. T...