Bookkeeping

Your income statement should not record unearned revenue until it becomes ‘earned’ revenue when the service or product is delivered. Unearned revenue, also called deferred revenue or advanced payment, is money that has been paid to your business for goods or services that you have not yet delivered. Essentially, it’s a cash prepayment in exchange …

Unearned Revenue: Decoding Its Significance in Business Accounting Devamını Oku »

Equity accounts, like Common Stock, show ownership investment and earnings. They too have a credit balance, showing long-term financial benefits. Taking into consideration the role of normal balance in financial statements is crucial for preparing accurate and meaningful reports that support decision-making, financial analysis, and compliance requirements. By adhering to the expected normal balances, accountants …

Rules of Debit and Credit Devamını Oku »

We’ll keep you updated with the relevant financial data your business requires to run smoothly, limit expenses, and capitalize on new opportunities. With our powerful financial guidance and support, your business won’t just make it, it will thrive. QuickBooks is a well-established accounting software that is widely used by businesses from a variety of industries. …

Smart, Simple Accounting & Bookkeeping Software Devamını Oku »

A back-office accounting services provider’s team identifies and eliminates the mistakes in your accounting books. They keep your books updated so that you always have current financial information. These outsourcing engagement models enable you stay agile to changing market trends, seasonal shifts and unexpected events. We have stringent Business Continuity Planning (BCP) options to ensure …

How outsourced accounting can fuel your business’s growth Devamını Oku »

Current liabilities refer to the liabilities of the company that are due or must be paid within one year. It can be sold at a later date to raise cash or reserved to repel a hostile takeover. There is no single optimal metric for the CCC, which is also referred to as a company’s operating …

Balance Sheets 101: What Goes on a Balance Sheet? Devamını Oku »

As companies grow more flexible with their employees, their accounting software must become more flexible to cope. You should use accounting AI tools to reduce the amount of time you spend on simple tasks. For example, you can track and approve invoice progress using some accounting software tools. Similarly, you can use it to validate …

Accounting Technology Trends You Should Be Familiar With In 2022 Devamını Oku »

Ensure that your pricing structure accounts for transaction volume. Your level of experience and expertise is a significant determinant of your pricing. As a beginner, you may charge less than someone with years of experience. Consider your qualifications, certifications, and the quality of your work when setting your rates. When you hire one of these …

Bookkeeping services pricing guide: How to nail your pricing Karbon resources Devamını Oku »