Αρχείο Κατηγορίας Bookkeeping

Encompassing workflows to lease acquisition, ownership history, payments, and related obligations. Details for statements, checks, and payments are automatically tracked and recorded as the system generates them to fulfill payment responsibility and provide clear traceability. As checks and payments are received from partners, Petrofly will store that

Paymo’s free plan has gotten more generous—with unlimited users and invoices, across 5 clients—and the upgrade to a paid plan is super manageable when the time comes. And you can get more out of the free plan when you connect Paymo with Zapier to automate reconciling invoice

The final step is to deduct taxes, which finally produces the net income for the period measured. The first part of the income statement reveals the gross profit earned by Microsoft from the years 2016 to 2020. Non-operating revenue is the part of your revenue that is

Large complicated businesses, however, usually use accounting software and other types of advanced data-management systems. When potential investors consider putting their money into a venture, they want a return on that investment. Business projections are a key tool they will use to make that decision. The projections

It is important to keep track of your total period cost because that information helps you determine the net income of your business for each accounting period. The main benefit of classifying costs as either product or period is that it helps managers understand where their costs

Common types of intangible assets include brands, goodwill, and intellectual property. Businesses have several ways to value these assets, which can be challenging because they have no shape or form. They are in contrast to tangible assets, which have physical forms and can be held. (b) Internally

For example, to create a product, an appliance-maker requires steel, electronic components and other raw materials. Two popular ways of tracking these costs, depending on when your company uses materials in production, are first-in, first-out and last-in, first-out, also known as FIFO and LIFO. LIFO can be

How many pages of receipts do you want in your receipt book? Print out that number on your home office printer. On average, receipt books sold in stores contain between 50 to 100 receipt pages. If you want to add a carbon paper receipt to your book, adjust your

Another disadvantage is that an income will be eligible for taxation in the tax year it is earned, regardless of whether you have received payment for it. If you do not take control of your cash flow, you might not be able to pay your taxes on

When considering factoring accounts receivable, it’s crucial to understand the difference between recourse and non-recourse factoring, as this impacts the risk distribution between your business and the factor. Plus, there can be a variety of fees, including application, processing, and service fees, which means that factoring can