Kategória: Bookkeeping

There’s also a side-by-side software comparison chart for QuickBooks features and prices. If you previously purchased QuickBooks Desktop licensing, you can continue to use the software as long as you like. However, be aware that support for your product will end three years after its release. Unfortunately, QuickBooks is no longer forthcoming with the pricing…

Though a mainstay of the QuickBooks experience for decades, QuickBooks will no longer fully support QB Desktop in 2023, with the software’s complete migration to QuickBooks Online. While we don’t recommend using Excel as your base bookkeeping program, we do have a guide on how to use Excel for accounting. Our comparison of QuickBooks Online…

Operating leverage is the extent to which a business can increase its operating income by increasing sales. Degree of operating leverage (DOL) is the multiple by which operating income changes in response to a change in sales. Operating leverage can also be measured in terms of change in operating income for a given change in…

Keeping them separate makes it much easier to track cash flow, monitor your business performance accurately, and claim relevant business expenses at tax time. Good bookkeeping helps you understand your company’s finances and can help prepare you for a successful tax season. It’ll also make it easier to manage cash flow, avoid debt, and reduce…

To calculate working capital turnover, first calculate working capital, which equals current assets minus current liabilities. General contractors need to subtract subcontractor payments from revenues to calculate working capital turnover, as this money simply passes through the GC from the owner. Understanding each type of construction accounting — as well as the advantages and disadvantages…

Outsourcing this task to an experienced bookkeeper solves the issue and allows ventures to implement modern approaches while maintaining full accountability. The performance cards at the top provide a clear overview of the project’s key metrics, such as Project Profit Margin and monthly profit margin. The client billing module lets you automatically record and send…

Alternatively, you can lower your cost of goods sold to improve gross margin. Is there a supplier who sells fabric at a lower cost than the one you currently buy from? If you purchase in bulk, are there any discounts you can take advantage of? Lowering costs is harder to do than raising prices, but…

25 Laundry services were performed for customers who paid immediately, $ 22,000. 20 Collected cash of $ 4,500 from customers on account (see March 12 entry). 12 Performed delivery services for customers who promised to pay $ 27,000 at a later date. There is an increase in an asset account (Furniture and Fixtures) in exchange…