Category Archives: Bookkeeping

This can be done by creating a journal entry to debit the inventory account and credit the opening balance equity account or vice versa. When setting up a new company file, QuickBooks will prompt users to enter the opening balances for each customer account. When setting up a new bank account in QuickBooks, users law […]

One of the most effective ways to save money with QuickBooks Online is to pick the right plan. User feedback plays a crucial role in determining whether QuickBooks Online pricing is justified. If you’re not using the bulk of the included features, you might be overpaying. For some, the cost can feel unnecessary, particularly when […]

The rising cost of QuickBooks Online can deter many small businesses. However, QuickBooks Online may not be ideal for businesses with minimal financial needs. For businesses that rely heavily on accurate financial insights, this alone makes QuickBooks invaluable. These reports allow small business owners to make informed decisions, track progress, and plan for growth. QuickBooks […]

Once the business name application is approved, it will be reserved for 120 days. You can what is a flat rate pricing model pros and cons explained submit your new business name application via BizFile+. Before registering your business with ACRA, you need to register your business name. Incorporated companies are required by the Singapore […]

As commission is typically calculated as a percentage of the sales revenue, it varies proportionately with the level of sales activity. When more sales are generated, the commission expense increases accordingly. Therefore, commission paid on sales is considered a variable cost as it fluctuates in https://www.bookstime.com/ relation to the company’s sales performance. Importance of Fixed […]

Sage 50 Accounting is one of the few remaining providers of fully desktop-based software. However, the beauty of Sage is that you have the option to work remotely thanks to the software’s cloud connectivity. Sage 50 includes everything that modern business owners need to track their finances, which makes it our best pick for desktop […]

Providing equity multiplier ratio the return the business makes is greater than the cost of the debt (interest), high leverage can lead to greater returns for the owners of the business. It stands to reason that the balance of assets 44%, must have been funded by liabilities, including debt. A venture-backed firm has raised equity […]

Leverage our years of experience supporting stores of all sizes across the US and Canada! This app needs access to the following data to work on your store. We’re thrilled to hear that MyWorks has transformed your business and that you’re happy with our support. Automating your accounting frees up time to grow your business. […]

The maximum depreciation deductions for trucks and vans placed in service after 2002 are higher than those for other passenger automobiles. The maximum deduction amounts for electric vehicles placed in service after August 5, 1997, and before January 1, 2007, are shown in the following table. The maximum depreciation deductions for passenger automobiles that are […]