Category: Bookkeeping

Understanding the Debt to Equity Ratio is essential for making informed financial decisions. Businesses with a high D/E ratio often have greater financial risk, as they depend more on debt to fund operations. The equity ratio is the inverse of the debt-to-equity ratio and is calculated as Total Shareholders’ Equity / Total Assets. It represents…

In this case, if the workers spend 1,100 hours to complete, it will be an unfavorable variable overhead efficiency variance as the workers spend 100 hours more than the standard hours that have been scheduled in the budget plan. With careful monitoring, the management may be able to find out idle work hours causing adverse…

However, it also means that the buyer bears the risk of any issues that may arise during transportation, such as customs delays or damage to the goods. The key is to keep your shipping documents clear, maintain open lines of communication, and consult experts when necessary. Armed with this knowledge, you’re well on your way…

Bookkeepers work in a variety of settings, depending on the nature and size of the organization they serve. They may work in an office environment, in a retail store, or even from home. In most cases, bookkeepers work full-time during regular business hours, although part-time and flexible schedules are also common. Maybe you enjoy the…

The hourly rate for a bookkeeper depends on where you are, what services you seek, and what expertise the person offers, but the fee averages to about $22 per hour. The services your accountant can provide will save you precious time to run your business. Using an accountant is a sensible investment in your business…

PrintChecks Pro offers an easy-to-use check writing, editing, printing, and checkbook management system suitable for various business needs. This software allows you to manage your checkbook and print accurate MICR-encoded checks using your mobile device, PC, or Mac. Online Check Writer, created by a small business owner in Texas, offers a comprehensive and secure way…

For example, the Gross Profit Margin Ratio, Operating Profit Margin Ratio, and Net Profit Margin Ratio all use values calculated from these formulas. These ratios offer crucial insights into aspects of a company’s profitability and financial health. Hence, mastering these fundamental formulas is an indispensable part of understanding income statement accounts. After deducting COGS, the…

Which is why we employ a number of advanced digital and physical security protocols to make sure your information stays safe and secure. Simply print it out, hand it to your accountant or tax person, and you’re done. When you’re ready to go live, make sure you have some time set aside to get your…

However, ignoring this crucial aspect of the business can lead to serious financial missteps. Here’s why accounting should be a priority for every real estate professional. Landlords who manage one or two properties using a Windows desktop computer should consider Quicken’s Home & Business plan for their real estate accounting needs. Real estate investment can…

As a result, the accounting industry has sought ways to automate a previously strenuous manual process. The pressure of SOX is coupled with the perennial need to mitigate erroneous reconciliation in the process. For small businesses, the main goal of reconciling your bank statement is to ensure that the recorded balance of your business and…