Category: Bookkeeping

Below, we’ll show you an example of what the recording may look like for a company. Construction in progress accounting is one of the essential categories for construction firms to track. In this entry we will discuss what construction in progress accounting is, how to properly record it, and provide an example of what it…

Becoming an accountant consultant requires a combination of formal education, professional certifications, and practical experience. Providing strategic advice while ensuring compliance with rules and regulations is a delicate balance. Being able to communicate complex financial concepts in simple language is what is accounting consulting crucial. Budget management and financial forecasting are essential for an accounting…

Keep your practice a step ahead with Xero accounting software. Attach a ‘pay now button’ to your invoices and let your customers pay the way they want – via credit card, debit card, google pay, apple pay and direct debit. Spend less time chasing, and get paid up to twice as fast. Access Xero features…

If I tell somebody that I have a business, they will understand that as a for-profit organization. Nonprofits are often known for generally lower compensation scales than for-profit entities. These events often involve ticket sales, sponsorships, or auctions of donated goods or services. Nonprofits raise money and awareness by hosting events such as galas, auctions,…

If I tell somebody that I have a business, they will understand that as a for-profit organization. Nonprofits are often known for generally lower compensation scales than for-profit entities. These events often involve ticket sales, sponsorships, or auctions of donated goods or services. Nonprofits raise money and awareness by hosting events such as galas, auctions,…

If I tell somebody that I have a business, they will understand that as a for-profit organization. Nonprofits are often known for generally lower compensation scales than for-profit entities. These events often involve ticket sales, sponsorships, or auctions of donated goods or services. Nonprofits raise money and awareness by hosting events such as galas, auctions,…

The movie industry uses job order costing, and studios need to allocate overhead to each movie. Their amount of allocated overhead is not publicly known because while publications share how much money a movie has produced in ticket sales, it is rare that the actual expenses are released to the public. Unexpected expenses can be…

The movie industry uses job order costing, and studios need to allocate overhead to each movie. Their amount of allocated overhead is not publicly known because while publications share how much money a movie has produced in ticket sales, it is rare that the actual expenses are released to the public. Unexpected expenses can be…

You’ll need a thorough understanding of your organization’s workflows and processes to determine which areas can benefit from automation. Check in with employees responsible for the workflows or processes earmarked for automation. Document their steps, their unique standard operating procedures (SOPs), ensuring that every nuance finds a place in your workflow. BPA can be a…

Overall, a higher level of assets, or of profitability compared to debt, is a good thing. Debt to equity (D/E) is a fundamental indicator of the amount of leverage a firm is using. Debt generally refers to long-term debt, though cash not needed to run a firm’s operations could be netted out of total long-term debt…