Category: Bookkeeping

The effective rate of interest is one of the easier financial calculations to make, but you still need an in-depth equation to figure it out. The effective rate takes this into consideration and expresses it as a rate that is generally slightly higher than 7 x appraisal cost examples quality management the stated interest rate… Continue reading Effective Interest Rate How It Works

Calculating the inventory period is a key step in understanding a business’s operating cycle. You find the average inventory, then divide it by the cost of goods sold (COGS). It is essential to understand the concept of the operating cycle formula as it helps to assess how efficiently a company is operating. An analyst would… Continue reading The operating cycle of a business

Understanding these steps is key to ensuring accurate and efficient tax assessments. Additional charges, such as interest or fees, may be included in the total amount. Tax calculation is the method used to determine the amount an individual or entity owes to the government. It is an indirect sales tax applied to certain goods and… Continue reading Sales Tax Calculator: Estimate Your Sales Tax

However, over time, it evolved to offer more complex services such as research and development, product design, and strategic consulting. ‍ India offers a diverse range of outsourcing services, including software development, customer support, finance and accounting, human resources, research and analytics, and more. If you are looking for a reliable and skilled outsourcing partner… Continue reading The complete guide on outsourcing to India pros, cons, how-to

Bookkeeper360 is a well-reviewed fintech bookkeeping software and management company with numerous awards. Our reviewers evaluate products and services based on unbiased research. With only one monthly plan to choose from, Merritt doesn’t offer as many options as some of its competitors. The cost for these three plans is $200 per month, $400 per month,… Continue reading The Best Online Accounting Firms for Small Business

For the lessee, periodic payments may be easier to finance than the total purchase price of the property. As such, a lessor is the owner of an asset that is leased under an agreement to a lessee. The lessee makes a one-time payment or a series of periodic payments to the lessor in return for… Continue reading Lessor vs Lessee What You Need to Know About How Leases Work

A cocktail headache is a headache that occurs within as little as three hours after drinking alcohol. It’s not the same as a hangover headache, which occurs the morning after drinking too much. A cocktail headache develops the same evening, and even a tiny amount of alcohol can trigger headache when i drink it. Research… Continue reading Can Alcohol Trigger Migraines and Other Headaches?

In summary, bookkeeping gives interior designers a clear picture of their financial health. It allows them to make informed decisions, manage cash flow, and stay on top of project costs. With these benefits in mind, let’s explore the key components of bookkeeping for interior designers. To say the interior design industry is huge would be… Continue reading Interior Design Business Accounting

Handling sales and use taxes requires vigilance in monitoring tax-exempt purchases and precisely applying taxes to invoices. By doing so, The Role of Construction Bookkeeping in Improving Business Efficiency your construction company can avoid tax discrepancies and maintain compliance with tax authorities. While there are common traits between bookkeeping for construction companies and other industries,… Continue reading Construction bookkeeping: everything you need to know

The going concern principle is the assumption that an entity will remain in business for the foreseeable future. Conversely, this means the entity will not be forced to halt operations and liquidate its assets in the near term at what may be very low fire-sale prices. By making this assumption, the accountant is justified in deferring… Continue reading Going Concern Assumption Accounting Concept + Examples