Bookkeeping

In this way, invoice financing is a great funding option for B2B and service-based businesses—as it alleviates cash flow problems due to unpaid customer invoices. Like invoice financing, lenders give you a cash advance worth a percentage of your outstanding invoices. The difference is when your customer pays, the invoice…

If you use the FIFO costing method, you take the cost of the first order you purchased, compare it to the revenue you’ve had come in and assign that revenue to the cost of goods sold. One of the key challenges of retail is tracking inventory, especially if you buy…

Treasury shares are not outstanding, so no dividends are declared or distributed for these shares. Regardless of the type of dividend, the declaration always causes a decrease in the retained earnings account. The company usually needs to have adequate cash and sufficient retained earnings to payout the cash dividend. This…

In contrast, Budget Maestro by Centage aims to bridge the gap with an intuitive software interface that guides clients through the budgeting process. Also, the software delivers ‘what-if’ scenario capabilities — a must-have for those optimistic about their assumptions but want a safety net. However, its simplicity can prove to…

However, once your business is out of debt and has a steady revenue stream, you need to allocate money for your salary. A salary allows you to create a predictable income stream, and may make it easier to qualify for a mortgage or loan. A salary may allow you to…

Accordingly, the Contribution Margin Per Unit of Umbrella would be as follows. Regular monitoring of microalbumin levels and the ACR is especially important for individuals with conditions such as diabetes or hypertension, who are at a higher risk of developing kidney complications. The contribution margin is the amount of revenue…

However, this strategy has restrictions and drawbacks like any other financing option. You submit an invoice to your client after you have delivered a product or service to them. The transaction is completed once the client pays the invoice, which normally takes between 30 and 90 days. Typically, the factoring…

It’s possible that you’ll be charged a fee for every overdraft you make, depending on your bank’s policy. Banks and credit unions make billions of dollars in overdraft and nonsufficient funds fees every year. Fortunately, paying overdraft and nonsufficient funds fees is now optional. You can choose to completely avoid…

Its personalized service tailored for your specific business. I increase small business profits by an average of $7500 per year by providing a clear and accurate picture of the financial health of the business. Prosecutors have wrapped up their questioning of Deborah Tarasoff. Business ProfileforThompson’s Bookkeeping & Consulting, LLC Small…

With all the responsibilities your accountants have to begin with it is impossible to find the time to GL Code every invoice. GL Coding was supposed to save your organization time and money on the reporting side and now that is being edged out by needing additional human capital. A…