What are Closing Entries? Definition Meaning Example

If a corporation has more than one class of stock and uses dividend accounts to record dividend payments to investors, it usually uses a separate dividend account for each class. If this is the case, the corporation’s accounting department makes a compound entry to close each dividend account to the retained earnings account. Here you […]

Let’s Talk About Inventory And Your Cash Flow

If something has been paid off, then the difference in the value owed from one year to the next has to be subtracted from net income. If there is an amount that is still owed, then any differences will have to be added to net earnings. If you’re an investor, this information can help you […]

10 Tips for Better Small Business Bookkeeping

If you dread bookkeeping but feel it’s not worth outsourcing, you’re not alone. The weekly tasks you can assign to employees or complete yourself. Paying bills and invoicing happen daily, so they can be complicated to outsource. But complex projects like reconciling your accounts and closing the books should be done by a professional. Also, […]

The 10 Best Bookkeepers in Dallas, TX with Free Estimates

Muse has an internship at Moss Adams, a professional services firm that provides accounting, consulting and wealth management. She will transition to a full-time employee with the company when she graduates in May 2024. Our bookkeeping business Dallas tx helps you gain control of your finances instead of letting financial tasks consume your time. We […]

Outsourcing Projects from the USA to India 2023 : Aalpha

The software outsourcing company operates in 52 countries, including Indonesia and New Zealand. By 2025, India’s IT and BPO industry is projected to generate $350 billion in revenue, up from $177 billion in 2022. 59% of American companies, according to a survey by Deloitte, outsource to India. In 2023, nearly 54% of businesses will use […]

Online Bookkeeping Services for Small Businesses Bench Accounting

Our partners cannot pay us to guarantee favorable reviews of their products or services. We believe everyone should be able to make financial decisions with confidence. With headquarters in Colorado, the U.S Career Institute was founded in 1981 and offers more than 25 career certificates across different industries, from healthcare to business. Over 110 million […]

FICA Tax Guide 2023: Payroll Tax Rates & Definition

The employee share of social security and Medicare taxes for premiums on group-term life insurance over $50,000 for a former employee is paid by the former employee with their tax return and isn’t collected by the employer. However, include all social security and Medicare taxes for such coverage on Form 941, lines 5a and 5c […]

Current ratio vs quick ratio: Which is best? +formulas

You can access your SaaS metric from virtually any device through ProfitWell’s mobile app or the Metrics API to keep your finger on the pulse. Let’s say, for instance, these are the numbers from your SaaS financial statements. Licensing flexibility, unlimited growth potential, and scalability are some of the upsides of the SaaS business model. A […]

Why Are Employees The Most Valuable Intangible Assets?

It is estimated that jobs will be increasingly automated and processes more frequently run by machines in the coming years. As a result, companies may feel pressure to automate and reduce employee costs. That pressure can only be exacerbated by managers who have been trained, at least in part, to regard employees as costs on […]

Finished Goods Inventory: Formula, Calculation & Turnover

The net factor gives the average number of days taken by the company to clear the inventory it possesses. These two account balances are then divided in half to obtain the average cost of goods resulting in sales. A high inventory turnover generally means that goods are sold faster and a low turnover rate indicates […]