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 […]
Category Archives: Bookkeeping
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 […]
It’s a topical therapy that lessens facial redness temporarily. The medicine works by reducing the size of very small blood vessels. As a result, acetaldehyde builds up in the body after alcohol consumption, which causes the characteristic flushing of the face. Although anyone can lack this gene, it is more common for people from East […]
Generally, contract retainage is specified in the contract and is a percentage, typically five to 10 percent, of the total contract amount. Income recognition is an important part of the construction project cycle and a feature of accrual accounting. Also referred to as “revenue recognition”, it represents the point at which a construction project becomes […]
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 […]
HubDoc is an excellent solution for small businesses looking to modernize document and data workflows. With powerful automation capabilities out-of-the-box, it can lead to significant time and cost savings. We recommend evaluating if the features match your specific needs. Do you work for Xero? I love that I can snap a photo of a receipt […]
Whether you’re facing a downturn or expecting growth, the balance sheet can help explain why. A company’s balance sheet provides important information on a company’s worth, broken down into assets, liabilities, and equity. Investors can gain valuable insight from this financial statement since it shows a company’s resources and how it is funded to evaluate […]
But it still comes with its share of limitations, including a lack of payroll management resources. The free plan also only gives you access to email support — not chat or voice. If your small business has less than five employees, you can use the free version of NCH for your accounting software. The free […]
As a business owner, it might be wise to consult a forensic accountant if you suspect that there might be some criminal activity going on in your company. As with tax accounting, financial accounting mistakes can cost you a lot of money and get you in legal trouble. And if the company in question is […]
Lack of performance might also be the reason why the company is seeking out extra debt financing. The debt-to-equity ratio divides total liabilities by total shareholders’ equity, revealing the amount of leverage a company is using to finance its operations. A high debt-equity ratio can be good because it shows that a firm can easily […]