Category Bookkeeping

What’s important is knowing what your net worth is and tracking how it changes over time. They are known as investment assets and, depending on whether they are used to multiply profits or generate consistent income, can be categorized as…

All results stated in this article are within the random design framework. Regressors do not have to be independent for estimation to be consistent e.g. they may be non-linearly dependent. Short of perfect multicollinearity, parameter estimates may still be consistent;…

Also called other sundry income, gains indicate the net money made from other activities like the sale of long-term assets. These include the net income realized from one-time nonbusiness activities, such as a company selling its old transportation van, unused…

Periodic and perpetual inventory systems are different accounting methods for tracking inventory, although they can work in concert. Overall, the perpetual inventory system is superior because it tracks all data and transactions. However, with a perpetual system, you need to…

You must also manage the relevant tax obligations for your employees and (in some cases) independent contractors. Again, Remote can help ensure that you are withholding (and contributing) bookkeeper360 the right amounts of tax for your employees, regardless of where…

For instance, the value of inventory may fluctuate wildly, but short-term treasury bills tend to yield very modest gains. Even though money market accounts usually have higher rates of return than most savings accounts, they also result in modest changes…

Users often use some form of accounting software to manage the triple-column cash book. Your accounting software should automatically keep an accounts receivable ledger account for each customer. The accounts receivable ledger, which can also double as a customer statement,…

The capital budgeting process is also known as investment appraisal. Capital budgeting evaluates and selects long-term investment projects based on their potential to generate future cash flows. On the other hand, capital rationing is the process of limiting the amount…

So, for those who think it’s too late, it isn’t – don’t be too scared to get started. You’ll learn something here, meet someone there, and it will all contribute to you eventually landing the job (and career) that you…

I can lean on Carleecia & that means the world to me as a small business owner. My accountant has kept me well informed and patient to wait upon additional information I needed to supply him with, so he can…