Archive | Bookkeeping

The official receipt is what you give to the buyer reflecting that they have paid you for that product or service. When giving a receipt, it’s common practice for the customer to keep the original and for the business to keep a copy. However, this can vary depending on the industry and the specific transaction. […]

In our experience, the accounting for SaaS (and other cloud computing) arrangements is of increasing importance given their growing prevalence. SaaS accounting considers the recurring revenue generation from subscription-based billing when preparing these company’s financial statements. Since SaaS accounting can be intimidating, most businesses use cloud-based SaaS accounting software to handle their financial reporting and […]

Thus, bigger the difference between Gross Receivables and Net Receivables, bigger the issue with your business’ trade credit and collection policy. Net Accounts Receivable is the total amount that your customers are liable to pay less the money that is doubtful to be collected from such customers. Accounts Receivable Turnover in days represents the average […]

Different industries vary in D/E ratios because some industries may have intensive capital compared to others. This could lead to financial difficulties if the company’s earnings start to decline especially because it has less equity to cushion the blow. There is no universally agreed upon “ideal” D/E ratio, though generally, investors want it to be […]

You don’t have to book an appointment with your accountant to understand the term. We have explained the content of the debt to equity ratio for you below. Investors and lenders use the ratio to evaluate financial stability and risk before providing funding or capital. Industries have varying norms for acceptable debt-to-equity ratios due to […]

Overall, using cloud-based solutions designed for construction, you can improve collaboration, reduce duplication of effort, and deliver your projects more efficiently. This can help you to stay competitive in the market, construction bookkeeping meet the growing demands of clients, and achieve your business goals more effectively. QuickBooks Online construction bookkeeping offers two plans, with add-ons, […]

Therefore, the overarching limitation is that ratio is not a one-and-done metric. The other important context here is that utility companies are often natural monopolies. As a result, there’s little chance the company will be displaced by a competitor. We and our partners process data to provide: Business owners use a variety of software to […]

For more information about or to do calculations involving VAT, please visit the VAT Calculator. The following is an overview of the sales tax rates for different states. On average, the impact of sales tax what is my filing status it determines your tax liability on Americans is about 2 percent of their personal income. […]

Gusto allows employees to access and manage their own information by offering individual profile accounts. Users can download the Gusto mobile app, or sign in from the web, to view payday data, edit tax details, see available PTO and even clock in and out right on their phone. In addition, the platform shares income insights […]

This approach helps in monitoring spending by reserving funds for specific purchases, ensuring that budgeted amounts are not overspent and that financial resources are appropriately allocated. It plays a vital role in fund accounting by enhancing transparency and accountability in the management of public funds. Through the process of creating encumbrance journal entries, companies can […]