Category Archives: Bookkeeping

Virtual Bookkeeping Services

Content Bookkeeping service software Dedicated team What tasks will a bookkeeper be asked to handle? Benefits of Hiring a Virtual Bookkeeper Credit card account management What are some good resources for starting a virtual bookkeeping business? Understanding profit margins in the BPO industry How to find a virtual bookkeeper By clicking “Submit,” you agree to […]

Best Online Accounting Software for your business in USA

Content Quickbooks Online QuickBooks Desktop Features You Need To Know About QuickBooks Online at a glance Sage Intacct: Best overall for multibusiness accounting Interview Questions Form to Track and Rate Candidates Awards for QuickBooks Online The platform is easy to set up and use, allowing you to get your accounting software up and running yourself. […]

What Is Financial Leverage, and Why Is It Important?

Content How to calculate leverage in investing Interest coverage ratio Related Terms Debt-to-Equity (D/E) Ratio Financial Leverage vs. Margin Leverage Financial leverage refers to the use of borrowed capital to increase the potential return on investments. It involves using debt financing, such as loans or bonds, to buy assets or invest in projects, which expect […]

How to Record Notes Receivable on a Balance Sheet Video & Lesson Transcript

Once the bad debts are written off, it directly impacts the bottom line. Such expenses are non-cash in nature and have to be reflected in the cash flow statement by reducing it from the net income. Bad debts that are written off against dishonored notes impact the dividend distribution that is meant for the shareholders […]

Accounting Services in Las Vegas, NV

Content Fast support and proactive Frequently Asked Questions Montti Tax Service Las Vegas Bookkeeping & Tax Bookkeeping Services in Las Vegas, NV Want a bookkeeper and accountant that fully understands your Las Vegas business? We’re here for you! Top 10 Best Bookkeepers Near Las Vegas, Nevada Get a CPA for bookkeeping services to handle your […]

AOS Accounting, Organizations and Society Journal

Content Board of Directors Debits and Credits Cash Also, the amount of a business’ total assets less total liabilities. Also, the third section of a BALANCE SHEET, the other two being assets and liabilities. Change in  EQUITY of a business enterprise during a period from transactions and other events and circumstances from sources not shown in the income statement. Internal users […]

What is Bad Debt? The Method of Bad Debts Written Off and Protection

Content Alert: highest cash back card we’ve seen now has 0% intro APR until nearly 2025 Why is Tracking Bad Debt Important for Your Business? Lack of real-time customer credit health visibility AI-Based Collections Software Solutions What Is Bad Debt Expense? How to Record Bad Debt Expenses. More Transparent Lines of Communication With Customers When […]

A Small Business Owner’s Guide to Accounting in 2023

She earned a bachelor of science in finance and accounting from New York University. This less expensive option still delivers high-level accounting expertise. Accounting firms generally charge by the hour, though some analytic functions cost more than others. We believe everyone should be able to make financial decisions with confidence. They’re rather a means of […]

Prepaid Expenses Examples, Accounting for a Prepaid Expense

If an upfront rent payment is made, the lessor will normally get between 80% and 90% of the market value of the leased item. The prepaid lease can cut the lessor’s present value tax burden by around 50% if the asset is planned for long-term usage. However, there are also potential downsides to considering prepaid rent as […]