Bookkeeping

In general, unless it is a very high-end retail outlet with exclusive and expensive items, you can expect that the store will be paying anywhere between 30% and 40% less than the retail prices. Sure, they only make a few percent on high-volume items such as milk, eggs, and bread. But they sell you milk, eggs,…

That’s why many individual investors and even some professionals opt instead to invest in bond mutual funds. Choosing the right bond mutual fund begins with identifying your investment goals and making sure they align with the objectives of any fund you are considering. Bond valuation determines the fair value of a bond based on maturity…

Sales tax provides nearly one-third of state government revenue and is second only to the income tax in terms of importance as a source of revenue. Sales taxes are much more important in the south and west than they are in New England and the industrial Midwest. Florida, Washington, Tennessee, and Texas all generate more…

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We offer a broad range of services for business owners, families, and independent professionals. We offer a broad range of business services such as entity formation, strategic planning, cash flow management & CFO-on-the-go services. FreshBooks is great for self-employed individuals, sole proprietors and independent contractors. It is incredibly user-friendly and easy to navigate, so if…

The proper reporting of financial data should be conducted with no expectation of performance compensation. The accountant provides an accurate financial picture of the company. Manage your business and personal finances with these five financial planning templates. ACCOUNTING AND FINANCIAL TEMPLATES The start and end dates of your fiscal year are determined by your company;…

A high TIE ratio means that these efforts are successful more often than not, while a low TIE ratio means that the company needs to be more creative in its marketing strategy. Mary Girsch-Bock is the expert on accounting software and payroll software for The Ascent. If your business has a high TIE ratio, it…

Your income statement follows a linear path, from top line to bottom line. Think of the top line as a “rough draft” of the money you’ve made—your total revenue, before taking into account any expenses—and your bottom line as a “final draft”—the profit you earned after taking account of all expenses. Your generate invoices using…

Find out what your annual and monthly depreciation expenses should be using the simplest straight-line method, as well as the three other methods, in the calculator below. Depreciation expense is the amount that a company’s assets are depreciated for a single period (e.g,, quarter or the year). Accumulated depreciation, on the other hand, is the…

While most bookkeepers work with businesses, some individuals may also choose to hire a bookkeeper to track personal finances. Parts 1 and 2 must be taken at a testing center and parts 3 and 4 are “take-home” exams that you can complete at your own pace and mail to the AIPB for grading. You must…