Catégorie : Bookkeeping

If purchasing a product in a large volume, it may be possible for the manufacturer to waive some of these costs for a large enough order. If a car dealer has additional incentives available for the purchase of a vehicle, he generally discounts the vehicle below the invoice price. This should be seen as a…

Besides that, a larger firm will have the ability to do some diversifications as it will reduce errors on the estimation (Arif et al., 2016). As a result, the financial performance will have small accrual variability (Arif et al., 2016). Shin and Kim (2018) as well as Dempster and Oliver (2019) emphasized that the high compliance on…

The cash discount on the other hand is between the seller or retailer and the buyer. Discounts are great marketing tools in the retail world because they increase sales and attract new customers. A discount can also put a store above others for customers to choose because of the discount offered. However, rebates can also…

For example, a photographer using professional cameras for 60% of her work could claim a deduction. However, someone who uses a basic laptop only occasionally for freelance jobs likely wouldn’t qualify. Implement a digital receipt management system that forces users to add detailed notes to any expense categorized as miscellaneous. This extra friction has been…

Offshore accounting continues to be one of the most popular services in the industry. The accounting process might be slowed if they do not use the most up-to-date tools and technologies. Furthermore, you will inevitably lag behind rivals that use cutting-edge hardware and software. Neither your in-house accountant nor your personnel have the expertise to manage complicated…

You’ll be able to use it like a pro in no time—no accounting knowledge necessary. FreshBooks also offers mobile apps for both Android and iOS, providing the same functionality as its desktop accounting software. Not only do you and your employees need to feel comfortable using the system but so do clients and subcontractors if…

By the final payment, those numbers flip, with almost all of the $990 going to the principal. Tangible assets are things like equipment, furniture, vehicles and property. HashMicro is Singapore’s ERP solution provider with the most complete software suite for various industries, customizable to unique needs of any business. Each loan type might have its…

Alternatively, you can talk with other business owners and ask if they can recommend a certified accountant. While there are many places where you can find a certified accountant, your best option is to browse the American Institute of Certified Public Accountants database. Additionally, while a non-certified accountant could handle some of your bookkeeping needs,…

Green means that your account is “Healthy,” with a score of 200 or higher. Red means that your score has fallen under 100 and that your account is eligible for deactivation. This visual snapshot can help you quickly determine if there are pressing issues that require immediate attention. Embarking on an in-depth analysis of your…

Bryana streamlines the communication and document control process and prevents our clients from working all day in the field only to come home and do paperwork at night. She knows that successful contractor implementation requires clear lines of communication and she coordinates that flow for maximum efficiency. Construction bookkeeping is a crucial part of running…