Category: Bookkeeping

Get the inside track on the formula for net sales with our definitive guide. We’ll explore the net sales revenue formula, provide an example of how to find the net sales formula for your business, and explain some of the uses of the net sales formula. From this example, we learn that the business retains […]

You usually need an accountant for less time than a bookkeeper, but when you do need one, they’re invaluable. An accountant is an important resource, not only at tax time but also for regular financial planning and forecasting. While most small businesses don’t need to hire an accounting professional full time, that doesn’t mean you […]

A cloud-based solution makes it easier to access your financial records because the information is stored on an external server. Using a cloud-based service also ensures the security of your information because it is encrypted and safe from hackers, power outages, disasters, or computer malfunctions. Before choosing a bookkeeping software, ask if they offer a […]

Because of the complexity of construction accounting, bankers, bond agents, and sureties expect construction contractors to utilize the expertise of CPAs that focus in construction. Whether you are looking to become bondable or to increase your bondability, Conover Asay CPAs can help you make business decisions that you feel confident with. If you’re looking for […]

You can also use Wisesheets to get the cash flow statement data instantly on your spreadsheet. Comparing this number with the previous year’s figure of 62.2% can help us gain insight into how the company manages its expenses. We can see that the cost of goods sold as a percentage of revenue What is bookkeeping […]

Small business bookkeeping starts with the business, financial, or accounting software you use. If you haven’t yet selected accounting software, consider your budget, the program’s user experience, its features and reporting capabilities, and its scalability as your business grows. It’s known for its easy-to-use interface and its simplification of accounting equation accounting jargon. Sunrise is a […]

Additionally, some software offer mileage tracking and time tracking features, enabling businesses to monitor employee productivity and accurately charge clients for services rendered. Accountants and certified public accountants (CPAs) charge different amounts based on their years of experience, location, and the industry they’re serving. So, if you’re a small-business owner in need of non-specialized accounting […]

Learn more about grants, tax credits, and technical assistance programs for businesses affected by the COVID-19 pandemic offered through Empire State Development here. Instead of cutting staff, you can reduce the number of hours of all employees or just a certain group. A face covering can include anything that covers your nose and mouth, including […]

We spend hours researching and evaluating each accounting software system we review chapter 5: allowance for doubtful accounts at Merchant Maverick, placing special emphasis on key characteristics to generate our ratings. QuickBooks Online comes with a wide breadth of features and has the complex accounting capabilities that small business owners need. If you want better […]

It records revenue when money comes in and expenses when money goes out. The balance sheet shows what your business owns (assets) and owes (liabilities) at a specific point in time. It also shows your equity — the difference between assets and liabilities — which is the amount of money you would be left with […]