Bookkeeping

How Long Should You Keep Documents?

Contents: How Long to Keep Business Tax Records What is a digital strategy and why does your business need one? Insurance files How long do you have to keep non-financial records for a business? How Long Should You Keep Documents? Commitments and reporting These records include anything like resumes, job applications and descriptions, performance reviews,…

Bookkeeping

QuickBooks for real estate investors and property managers: Good or bad idea?

Content Are you primarily a real estate agent or property manager? What is the best real estate accounting software? Here’s our top 10 list: Accounting for Real Estate Agents – Best Practices Best Restaurant Accounting Software (Food Trucks & Bars Inc) Don’t hoard cash in your business operating account ZipBooks made our list of the…

Bookkeeping

What Causes Inventory Turnover Ratio To Increase Or Decrease?

Contents: How can you calculate your inventory turnover? Inventory Turnover and Dead Stock More on inventory management MR a subsidiary for 3 years therefore total additional depreciation 40000 x 3 Also, strong negotiation skills are important to get the best pricing from your supplier so the COGS will be lower, which automatically affects the formula…

Bookkeeping

What Is the Difference Between Bookkeeping and Accounting?

Content What does a bookkeeper do? Difference Between Bookkeepers and Accountants CPA Services: We offer specialized tax processing services. Get more information on our cpa services and sub-services. How much does hiring bookkeepers cost? Typical Accounting Duties Similarities between a Bookkeeper and an Accountant Looking to Make Proper Decisions About Your Business? We can’t speak…

Bookkeeping

Balance of Suspense Account

Content Brokerage Suspense Accounts Where is suspense account shown in the financial statements? Example #1: Receiving a partial payment How to Reconcile General Ledger Accounts? Suspense Account With more time, transactions can become difficult to clear, especially with minimal documentation. This explains why the transaction was put in a suspense account in the first place….

Bookkeeping

Bookkeeping Services Colleyville, Southlake, Keller Bookkeeping Services Hurst Account Bookkeeping Services Euless Accountant Bedford Irving Grapevine Arlington, North Richland Hills, TX

Content Taryn Tax Pro Accounting Now Related Cost Guides Mathews CPA Inc QUICKBOOKS ONLINE BOOKKEEPING SERVICES The company’s owner, David Howard, has over 10 years of experience. With over 30 years of experience, Porter & Company works with clients in the DFW area, including Irving. The firm has worked with over 500 businesses from various…

Bookkeeping

Cloud Accounting What is Cloud Accounting?

Contents: Best Cloud Accounting Software Cloud Accounting vs. On-Premises Accounting: What’s the Difference? Next Up In Business Access your accounts anywhere Cloud accounting:Organizational reportingand visibility Modern accounting needs to function at a high level of efficiency and cloud accounting software is growing into the tool of choice for any business looking to adapt to this…

Bookkeeping

Is Getting Paid Twice A Month The Same As Every Two Weeks?

Content We Are Checking Your Browser Gustocom How To Calculate Monthly Wages If You Are Paid Every Two Weeks Not All Pay Periods Are Created Equal What Is Semimonthly Payroll? And How Does It Work? Is Getting Paid Twice A Month The Same As Every Two Weeks? There’s no need to fumble over whether to…

Bookkeeping

Accounts Receivable Turnover Ratio Formula, Examples

Content Interpretation of Accounts Receivable Turnover Ratio Execute your strategy with the industry’s most preferred and intuitive software Resources What Is Accounts Receivable (AR) Turnover Ratio? How the Receivables Turnover Ratio Works High Accounts Receivable Turnover Ratio ​Now let’s take a look at the following receivables turnover ratio example so you can understand exactly how…