Category Archives: Bookkeeping

An online accounting degree can be a fantastic choice if you are currently working full-time and want to maintain your job while furthering your education. An online accounting degree also allows you to get valuable credentials that boost your résumé, preparing you to move forward in your career. An online accounting degree can be a […]

Rationing can be seen as a collective strategy to prevent shortages in times of crisis. Hoarding, on the other hand, is an individual response where people stockpile large amounts of a scarce good, usually out of fear of shortages, to ensure they will always be in ownership of that good. This usually worsens scarcity because […]

Noncurrent assets include intangible assets, such as patents and copyrights. They provide value to a company but cannot be readily converted to cash within a year. Long-term investments, such as bonds and notes, are also considered noncurrent assets because a company usually holds these on its balance sheet for more than one fiscal year. When a company […]

When you hire us to handle your remote bookkeeping services, you remove any issues that come from different franchisees handling reports their own way. Our team will prepare all financial reports and statements per your franchise agreement. Remote Quality Bookkeeping will regularly reconcile bank and credit card statements with your accounting records to identify any […]

They play a role in several bookkeeping tasks, and both your total variable cost and average variable cost are calculated separately. It is also important to track variable costs because too much variable expenditure may lead to huge losses for firms. Knowing the limits of variable costs is, therefore, necessary for all companies, and the […]

IU’s income statement shows its real profits by lining up revenue with the right expenses. This method records the $15,000 tuition for each undergrad per semester when it’s earned, not when it’s paid. This matches up with the revenue recognition principle, making sure income statements truly show IU’s financial health at any time. Expense recognition […]

The balance sheet is unlike the other key financial statements that represent the flow of money through various accounts across a period of time. A balance sheet helps small business owners better understand their company’s financial health. Along with the income statement and cash flow statement, the balance sheet completes the trifecta of business reports […]

It sounds like some technical jargon that your accountant may throw at you, but it’s actually quite simple to measure and understand. You work it out by dividing your contribution margin by the number of hours worked. For instance, in Year 0, we use the following formula to arrive at $60.00 per unit. As of […]

In all Insightly is a great CRM option for businesses that want to automate key business processes, saving time and money. The platform offers some affordable plans, making it accessible to businesses of all sizes. AlternativesWith prices starting from $249/mo for two users and up to 1500 contacts, Keap certainly isn’t the cheapest option on […]

If you have a simple tax situation and have filled out your W-4 correctly, taxes already withheld from your paychecks might cover that bill for the year. Likewise, if you’re a freelancer or a taxpayer who must pay estimated taxes, payments https://www.online-accounting.net/ you made during the year might also cover your bill. Adjust your federal […]