Categoria: Bookkeeping

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. As a prior multiple-location business owner, Eric knows all about time collection, scheduling, and everything in between. From best practices, stories, and business experience, he’ll keep you up to date …

Leggi tutto “A Primer on Accrued Expenses 6 Examples Bench Accounting”

Send invoices whenever and wherever you want with Wave’s free app for iOS and Android. Between the app and the payment process—I can’t tell you the hours it’s saved, and even the headaches that have gone away because of it. “It’s not just a cool piece of software, it is giving peace of mind to …

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You can calculate ROA as net income divided by the average total asset balance over the year. The effectiveness of ROA hinges on finding a company for comparison that has a similar capital structure. Asset structure, or asset composition, is the mixture of assets on the company’s balance sheet. Comparable firms should have about the …

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And as a business, you need to start thinking about things like liability and taxes. In today’s rapidly evolving regulatory environment,adapting technology is crucial for staying compliant while managing an LLC’s finances effectively. Accounting software often receives regular updates to adhere to changes in tax laws or reporting requirements set forth by government agencies such …

Leggi tutto “Business Accountant Recommendations by LLC University®”

A well-prepared and well-presented cost report can provide valuable insights to the stakeholders, such as the project manager, the client, the sponsor, the accountant, and the auditor. In this section, we will discuss some of the best practices for preparing and presenting a cost report, as well as some of the common challenges and pitfalls …

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When creating an income statement for a P&C agency, it is recommended that only commission payments, broker fees and other contingent income be included as sales revenues. Any amounts paid to the insurance company from the trust account should be treated as a pass through for accounting purposes. This practice will best reflect the true …

Leggi tutto “Insurance Agency Accounting and Bookkeeping IAAB : Insurance Agency Accounting and Bookkeeping IAAB”

If you want to provide a customer with a receipt, you can handwrite one on a piece of paper or create one digitally using a template or software system. If you plan on doing business, it’s important that you know how to properly write a receipt for proper documentation, tax purposes, and to protect yourself …

Leggi tutto “How to Fill Out a Receipt Book Correctly: A Step-by-Step Guide”

But this study only looked at short-term outcomes (not long-term effects that might not show up until childhood) and not fetal alcohol syndrome disorders (FASDs). If it is hard for you to stop drinking, talk with your healthcare provider about getting help. Options for pregnant women include behavioral treatments and mutual-support groups. Your healthcare provider …

Leggi tutto “Drinking while pregnant: What we know and what we dont Your Pregnancy Matters UT Southwestern Medical Center”

Maturity value is the amount that the company (maker) must pay on a note on its maturity date; typically, it includes principal and accrued interest, if any. Since the note has matured, the holder or payee removes the note from Notes Receivable and records the amount due in Accounts Receivable. Sometimes the maker of a note does …

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Either way, your organisation’s payroll performance requires everyone on the team to have a working knowledge of UK payroll terms. Taking on payroll management responsibilities for a small business introduces a world of new challenges. It also adds a new language of sorts, given all the payroll acronyms. Get your free, comprehensive A to Z of payroll guide to …

Leggi tutto “Payroll Terminology Small Business Payroll Glossary”