12 Bookkeeping Skills You Must Have
Admin Benefits of this option include potentially fewer hours, choosing how many clients you work with, and the freedom to partner with bookkeeping companies to free up even more time. If…
6 Best Accounting Software for Australian Businesses in 2024
It now costs $8 per month if you want the ability to scan and upload expense receipts, a feature many other small business accounting apps offer for free. Wave's core…
Average Collection Period Formula, How It Works, Example
Average collection period refers to how long it typically takes to collect payment from your customers after you’ve delivered a product or services, i.e., accounts receivables. In other words, it’s…
Oil and Gas Accounting: Key Principles and Practices
The revenue standard may require companies to adjust revenue recognition for the time value of money if the contract terms include a significant financing component. Since sellers have no obligation…
Einstein and the magic of compounding
It is like a snowball rolling down a hill, getting bigger and bigger, year after year after year. You have to leave it in your account to allow the compounding…
ETF vs Mutual Fund
Minimum initial investments for mutual funds are normally a flat dollar amount and aren't based on the fund's share price. Unlike ETFs, mutual funds can be purchased in fractional shares…
The complete guide to finance and accounting outsourcing services
Now that the cost of outsourcing is less than the pay of one financial executive, many companies are beginning to outsource their finance and accounting operations more frequently. Cutting overhead…
What Is Depreciation? and How Do You Calculate It?
Small businesses looking for the easiest approach might choose straight-line depreciation, which simply calculates the projected average yearly depreciation of an asset over its lifespan. Since different assets depreciate in…
QuickBooks Pricing 2024: How Much Does QuickBooks Cost?
Its additional reports include accounts payable (A/P) and A/R aging, transaction lists by customer, expenses by vendor, uninvoiced charges, unpaid bills, and expenses by supplier summaries. You can drill down…
How to Create a Financial Forecast for Your Startup Business Plan
Cash flow projections show whether or not your company is generating cash, and how much. This will allow you to know how https://www.warrantyvoid.us/learning-the-secrets-about-2/ much cash you’ll have at any given…