Category Bookkeeping

Depending on the scope of your leadership development program, you may be identifying the business drivers of your entire organization. Or you might be looking at the business drivers for a particular business unit, function, or department. Any organisation should…

Content Traits To Look For When Hiring A Virtual Accountant How to Find a Remote Job and Start Working from Home What Does It Take To Become a Virtual Accountant? While you might need to invest more into technology and…

Publishing a classified balance sheet also makes it easy for regulators to point out an issue in the initial stages rather than in the final stages when irrevocable damage has already been done. It shows the value of the company’s…

Ideally, you should conduct this financial analysis before you start a business so you have a good idea of the risk involved. Existing businesses should conduct this analysis before launching a new product or service to determine whether or not the potential…

Finally, divide the cost of goods available for sale by the total units available for sale. The following example shows how you can use the periodic average cost method to calculate ending inventory value. This insight also makes it easier…

Interest on Lawyer Trust Accounts (IOLTA) is a creative and important method for raising funds for charitable purposes, mainly providing civil legal services to indigent persons. These funds are generated from the interest earned on certain lawyer trust accounts. IOLTA…

In other words, the accounting equation will always be “in balance”. Liabilities consist of many items ranging from monthly lease payments, to utility bills, bonds issued to investors and corporate credit card debt. Although the balance sheet always balances out,…

However, history shows that it’s a much better idea to base acquisitions on realistic rather than ambitious synergies. All in all, revenue, cost, and financial are the three most common acquisition synergies examples. The goal of any merged firm is…

QuickBooks has begun decreasing its desktop product offerings and encouraging businesses, where appropriate, to move to using one of its online products. For example, the QuickBooks Desktop Pro Plus plan is no longer available to new QuickBooks users. While cost…

The effort put into these accounting practices lays the foundation for a firm’s financial stability and growth, allowing it to law firm bookkeeping thrive in a competitive environment while effectively serving its clients. Regular preparation and analysis of financial statements—such…