Category Archives: Bookkeeping

Contents: Purchases and other Xero expense reports Xero Financial reports dataSights Financial Services Load integrated data from Zoho to Meiro Integrations and obtain trends in sales, marketing, support and inventory-related data. From Enterprise firms to Not-for-Profits, our customers use our reporting and forecasting tools to create better business outcomes. By connecting Xero to Power BI […]

Contents: Give your restaurant bookkeepers the 411 on accounts payable Controllable Costs Report Cash flow statement prime cost management It can be used by new or experienced restaurant owners and those with no accounting knowledge or bookkeeping pros. It comes integrated with Gusto for payroll processing, making it easy to pay employees, and it can […]

An A/R aging report lists everything you’re owed by customers, separated by how many days the amounts are overdue. It can help you to stay on top of unpaid invoices so that you can collect payment on time and avoid the additional costs of hiring a collection agency. With QuickBooks Online, you can put your […]

It is mainly maintained by a company that uses a periodic inventory system. By offering a discount, a vendor can encourage customers to purchase their products earlier, while customers benefit from the reduced cost. A buyer debits Cash in Bank if a purchase return or allowance involves a refund of a payment that the buyer […]

Content What Software Do Bookkeepers Use? Continue Your Education Why Should You Earn a Bookkeeping Certification? Can I teach myself to be a bookkeeper? What does it take to become a bookkeeper Intuit Bookkeeping Professional Certificate Review If that’s QuickBooks, for example, then you need to decide if it will be QuickBooks Online (the cloud […]

Compared to standard cost accounting, ABC dives deeper into the cost of manufacturing a product or providing a service. While standard costing can be a helpful tool, it is essential to keep in mind that it has its limitations. Standard costs may not always reflect actual costs, and companies may have difficulty setting realistic standards. […]

The conversion process is called “capitalizing” the lease, by turning the cost of the operating lease into a capital asset. It’s possible to convert an operating lease to a capital lease, but it’s complicated. You will need to estimate the value of the operating lease, and compute the present value of capital lease payments at […]

Content Learn how to trade stocks More explanations about Marketing Information Management Balance Sheet SIC-24 — Earnings Per Share – Financial Instruments and Other Contracts that May Be Settled in Shares As a result, their market caps increased not just due to the higher share price, but to a greater number of issued shares as […]

Discover 8 powerful Xero integrations & add-ons to elevate your business accounting. From intelligent clean-up with Xenett to streamlined spending with… Liabilities can arise from various transactions and financial activities, such as borrowing money, purchasing things on credit, or suffering unpaid costs. Liabilities must be reported according to the accepted accounting principles. The most common […]

Content Depreciation Methods A Quick Intro to Amortization for Students in Accounting Courses When Can a Decrease in an Asset Account Occur? Amortization of Intangible Assets Here’s a breakdown of how the balance sheet and income statement will reflect this amortization over the three-year period Related Terms The formulas for depreciation and amortization are different […]