Categoria: Bookkeeping

Reconciliation of your general ledger helps you to ensure accuracy of the information contained in your general ledger accounts. A general ledger helps you to know the overall profitability and financial health of your business. In addition to this, the information contained in general ledgers help you to run any audits smoothly. The assets are…

Reconciliation of your general ledger helps you to ensure accuracy of the information contained in your general ledger accounts. A general ledger helps you to know the overall profitability and financial health of your business. In addition to this, the information contained in general ledgers help you to run any audits smoothly. The assets are…

It’s sole purpose is to save the investors from market volatility by leveraging upon the cost averaging. Any investor is free to stop investing in such plan anytime and increase or decrease the monthly investment. Mutual how to write a profit and loss statement Funds also offers tax benefits plans under ELSS (Equity Linked Savings…

The P/E ratio is a key tool to help you compare the valuations of individual stocks or entire stock indexes, such as the S&P 500. In this article, we’ll explore the P/E ratio in depth, learn how to calculate a P/E ratio, and understand how it can help you make sound investment decisions. Earnings yield…

Our outsourced bookkeeping services for gas stations and convenience stores are available anywhere in or outside of Wisconsin. From our offices in Milwaukee, Madison and Brookfield we primarily serve gas station & convenience store owners located in and around Milwaukee, Dane, Ozaukee, Washington and Waukesha counties. We educate our franchise clients to leverage monthly financial…

But if there’s a large unrealized gain or loss embedded in the assets or liabilities of a company, it could affect the future viability of the company drastically. Similarly, the sales revenues reported on the income statement reflect the past selling prices and past quantities. Current and future selling prices could be higher or lower…

The first entrycloses revenue accounts to the Income Summary account. The secondentry closes expense accounts to the Income Summary account. Permanent accounts, such as asset, liability, and equity accounts, remain unaffected by closing entries. These accounts, including examples like cash, accounts receivable, accounts payable, and retained earnings, carry their ending balances into the next accounting…

A cocktail headache develops the same evening, and even a tiny amount of alcohol can trigger it. If you’re prone to migraine attacks, it’s wise to avoid alcoholic beverages altogether. However, if you do drink, be sure to do so in moderation and stay hydrated. There are many possible triggers for migraine attacks, including stress,…

Client communication tools for sending estimates, invoices, and updates directly to clients, streamlining the billing process. Hiring an accountant to take care of your bookkeeping can save you a significant amount of time, as well as eliminate bookkeeping and accounting errors. Botkeeper is a bookkeeping solution that uses artificial intelligence and machine learning combined with…

For example, in 2018, a number of sugar companies changed to LIFO as sugar prices rose at a rapid pace. After this, the price of the next most recent lot is charged to the job, department, or process. Let’s say on January 1st of the new year, Lee wants to calculate the cost of goods…