Bookkeeping

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…

No need for re-keying data or sending Excel spreadsheets over email. Everyone can see what’s happening, enabling a smooth working environment, speed, and ease. Cloud-based software companies ensure that the security and privacy of data about you and your organization is always airtight. Cloud accounting software Imagine that you’re waiting for a meeting with a…

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…

Midmarket ERP adds more optional modules, such as SCM and WMS, and can accommodate more users than entry-level ERP. These additional modules, which companies often buy when they outgrow the typically more basic modules included in their ERP system, are often called “best of breed.” The three most common types of ERP are on-premises, cloud-based,…

This can cause confusion since in the United States, “mil” traditionally means a thousandth of an inch. While you can make MM stand for millions of anything, it’s important that the reader knows whether you’re talking about dollars, euros, units shipped, etc. If, say, you use it for both units and dollars in the same…

The second method is the “assumed par value” method and is a more complicated formula based on shares issued and the company’s gross assets. This second method often results in lower tax bills for VC-backed startups. If DE sent your startup a huge tax bill for their annual franchise tax, don’t panic – you can…

The cash overage/shortage account is an expense account in the income statement of the business. Cash overages are normally recorded in a separate income statement expense account https://www.bookstime.com/ often referred to as the cash over/short account. Ongoing education is equally important as it helps to reinforce best practices and keep staff updated on any changes…

The work I need done is always done when I need it, always a great experience.” We can replace your back office with accounting, payroll, and bookkeeping support. We take care of your books for you, so you can get back to the primary job of running your business and generating profits while we help…

This feature saves you the time and effort of manually uploading documents. Watch our video and meet our best-in-class team of accountants and CPAs. At Stash Bookkeeping, we are dedicated to helping your business thrive. San Francisco has 2 local teams – the SF Giants baseball team, and the Warriors basketball team. IRS Audit Defense…

The min/max inventory system primarily operates around the concept of setting a minimum and a maximum inventory level. Optimize reorder points (ROP) by accurately calculating your company’s demand during lead time and your supplier’s lead time (in days). If there’s a difference in lead times among various suppliers, create individual ROP calculations for each of…