Category Archives: Bookkeeping

Content How to calculate marginal revenue & maximize your profits (+ formula) What Is Marginal Cost? What Jobs Use the Marginal Cost Formula? Marginal revenue What is Cost Function and how is it calculated? Build your dream business for $1/month In addition to marginal cost, another important metric to consider is marginal revenue. Marginal revenue […]

Content AccountingTools Why is the cash flow from investing activities section separated into two sections? Calculation of Cash Flow From Investing Activities Purchase of marketable securities What are some examples of investing activities? Cash Flow From Investing Activities: Definition Apparently, both companies chose to return cash to owners by repurchasing stock. Cash flow from investing […]

Content How much does accounting software cost? Is the Program Easy to Use? Pricing Is accounting software secure? Inventory See if you’re eligible for business financing I’d like to say that anyone in business uses accounting software, but unfortunately, that’s not the case. That includes the contractor you hired to write a press release, the […]

Content Do PEOs offer workers’ compensation coverage? What is workers’ compensation insurance? What Determines Workers Compensation Rates? Workers’ Comp Rates by State Step 2: Run payroll Job classification code For each classification of employee, the business owner must pay a certain amount for workers’ comp insurance based on every $100 dollars of payroll. The most […]

Even more importantly, calculating net income helps managers and small business owners to determine how to make their business more profitable and improve cash flow – by growing sales or cutting expenses. As far as a company is concerned, gross income refers to the income a company is left with, after deducting the cost of […]

Content No matter which position you choose—your accounting and bookkeeping team must work from the cloud. Why? The cloud’s security. Accounting Cloud Solutions and Cloud Bookkeeping Stop Chasing Clients How do you invite your accountant? If you’re fluent in other cloud-based applications, QuickBooks should be fairly simple. Having an expert in accounting services will help […]

Content The Rationale Behind the Effective Interest Rate Methods for Amortizing Premium/Discount Watch It: Bonds Issued at a Discount Issuance of Bond at Premium Watch It: Bonds issued at a premium When a consumer borrows money, she can expect to not only repay the amount borrowed, but also to pay interest on the amount borrowed. When she […]

Content Determine accrual caps and rollover policies Hourly: Awarding Vacation Time on an Hourly Basis Full-time vs. part-time employees Find it challenging to calculate and track PTO accruals manually? Employee uses vacation time Accrue ‘X’ Hours per Regular Hour Worked or Accrue ‘X’ Percent of Regular Hours Worked Record $100 as a journal entry by […]

The balance sheet, income statement, cash flow statement, and other key financial ratios reflect the choice and impact stakeholders’ decisions. The LIFO Reserve helps analysts and investors compare companies that use different inventory accounting methods. By adding the LIFO reserve to the LIFO-based inventory, one can estimate what the inventory would be under FIFO. The […]