Category Archives: Bookkeeping

Benchmarking helps in checking the reasonableness of the assumptions in the model. Benchmarking is a process for improving some activity within an organization. Go to any management conference in any field, and you will likely hear multiple discussions on various benchmarking practices. While benchmarking can be a powerful tool to understand best practices and do […]

It can also help protect from fluctuations in economic conditions and the potential for rapidly increasing cost of production. Organising your inventory and calculating the cost of your goods is a fundamental part of running an efficient business. Get this right and you’ll make life a lot easier at the end of the financial year […]

Price point is why I changed from quickbooks. We have been using Remotebooksonline.com for two years and find their service to be accurate and easy to work with. Financial reporting is done on time using QuickBooks and there is a simple system to communicate any questions that may come up during the month. Supported by […]

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Analysts look for ratios returning to normalized levels after initial impacts subside. Companies must clearly state which expenses are operational and which are designated for other uses. 11 Financial is a registered investment adviser located in Lufkin, Texas. 11 Financial may only transact business in those states in which it is registered, or qualifies for […]

The statement of retained earnings shows the period-endingretained earnings after the closing entries have been posted. Whenyou compare the retained earnings ledger (T-account) to thestatement of retained earnings, the figures must match. It isimportant to understand retained earnings is not closed out, it is only updated. Then, credit the income summary account with the total […]

As you grow, having a professional, outsourced accountant on your side gives you the advantage of proactivity rather than reactivity. Trained accountants can spot red flags ahead of time and notify you about things like cash flow discrepancies. From humble beginnings, the global outsourcing market has grown at a rapid rate as governments realize the […]

Xero is a full-featured accounting software with advanced features such as project tracking, file storage, customizable invoices, a full-featured mobile app and much more. As a small business, you need accounting software that allows you to focus on your work without worrying about finances. That way you can dedicate your time doing quality work for existing clients […]

When your liver fails, your best option for survival is a liver transplant. Without a functioning liver, your body is unable to metabolize drugs, leading to a buildup of toxins in your body. You also might face blood can being an alcoholic kill you clotting issues, which means that if you are injured, your body […]

Each construction accounting method provides valuable insight into a project’s financial impact that helps ensure projects stay on track, on budget, and succeed. When choosing the right accounting method, you should consider your business’s unique needs and objectives. Construction accounting can be complex due to project-based structures, long-term contracts, hiring subcontractors, and variable costs. Boost […]