Guide to Single-Step and Multi-Step Income Statements
For a manufacturing company, operating revenue will be the money earned on selling the final product. For a company offering subscription or consulting services, operating revenue will be the fees earned for services rendered. These are all expenses linked to noncore business activities, like interest paid on loan money. It provides insights into a company’s […]
Real Estate Bookkeeping Simplified: A Practical Guide for Su
Over the past 12 months, house prices have seen an average increase of 7.8%. To see our product designed specifically for your country, please visit the United States site. The list below highlights some of the basic things you real estate bookkeeping should track, regardless of whether your operations are just getting started or have […]
Standard Costing: Definition, Features, Advantages, Disadvantages, Process
A variance is the difference between a standard cost and actual performance. A favorable variance involves spending less, or using less, than the anticipated or estimated standard. An unfavorable variance involves spending more, or using more, than the anticipated or estimated standard. Before determining whether the variance is favorable or unfavorable, it is often helpful […]
Tax Business Software Solutions for Professional Tax Preparers
If you want to use your software anywhere you have an internet connection, you’ll likely want to focus on QuickBooks Online or pay more to add remote access through hosting to QuickBooks Enterprise. Your clients’ business may be getting more complex, but your workflow shouldn’t. Enterprise is built to seamlessly pivot between accounting tasks, at […]
Bookkeeping Definition, Types and Importance of Bookkeeping
If you are proficient and comfortable using mathematics and computing figures, plus punctual, organized, and detail-oriented, it is not hard to learn how to be a bookkeeper. Of course, a background in accounting practices will help you ride out a learning curve as a new bookkeeper. Bookkeepers who are accounting advisory interested in switching jobs […]
Book Keeper Accounting on the App Store
In addition to its base plan, Neat offers add-on features ranging from $50 to $150 per year, including enhanced customer support and automations. Here is an overview of the pricing and features available in each add-on. Intuitively, at the top of this screen was a link that gave me the option to add a custom […]
Controller vs CFO: 3 Key Differences
Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed here. CFO and controller salaries and other compensation vary by company revenues (size) and private vs. publicly traded status, and candidate qualifications and experience. Bonuses, employee benefits, and equity compensation, including stock options, are extra compensation. Before […]
Accounts Receivable Process: Step-By-Step Guide
Following this cycle helps keep cash flowing smoothly, ensures timely payments, and helps manage credit sales effectively. By understanding and using this cycle, businesses can keep their finances healthy and build good relationships with customers. Manually tracking credit utilization is a cumbersome process, requiring involvement from multiple stakeholders. What Are Some of the Challenges Facing […]
