Category Archives: Bookkeeping

Content What does net profit tell you? How to Show Contribution Margin Skills on a Resume Gross profit vs operating profit Advantages of Using Gross Profit What Is an Example of Gross Profit? Calculating gross profit Who Uses Contribution Margins? A disadvantage of gross margin calculations is that they do not take into account other […]

Content Take a tour to see how easy payroll can be. How Your Paycheck Works: Income Tax Withholding Making Payments to the IRS Expert does your taxes Step 4: Adjust Your Withholding You are required to meet government requirements to receive your ITIN. DE, HI and VT do not support part-year/nonresident individual forms. Most state […]

Content Personalized Payroll Bookkeeping for Busy People Company Meeting and Agreeing on a Proposal What Constitutes Non-Profit Taxable Activity? O&K Tax and Bookkeeping Find a bookkeeper near Seattle, WA Many firms can operate remotely or virtually, and others that typically operate face-to-face may be changing their procedures to keep up with social distancing guidelines. Nationally, the […]

Content Variable Expenses Contribution Margin Ratio Formula And Explanation How Do You Calculate the Contribution Margin? Examples of Contribution Margin Formula (With Excel Template) Contribution margin ratio definition What Is the Contribution Margin Ratio? Businesses should take their customer expectations, brand, and internal standards into account as well. It appears that Beta would do well by […]

This comprehensive guide provides step-by-step instructions on how to effectively record credit card payments in QuickBooks Desktop, ensuring accurate and efficient financial management within the software. This method of tracking allows businesses to efficiently monitor cash flow, identify spending patterns, and streamline their payment processing. By accurately categorizing transactions, businesses can better understand their financial […]

If you ever apply for a small business loan or line of credit, you may be asked to provide your income statement. In short, because expenses cause stockholder equity to decrease, they are an accounting debit. The word “credit” has multiple meanings in personal and business finance. Don’t let accounting confusion hold you back – […]

Content Starting at How software can help Reasons Why Cash Flow is Important to a Small Business Create your business accounts Basic Bookkeeping vs. Full Service Accounting By streamlining tax processes and working with tax professionals can save money. By managing transactions and reconciliation avoids financial issues later on. Many or all of the products […]

Content How to Do an Entry for Bad Debt Expenses & Allowances for an Uncollectable Account What is the formula for calculating the ending balance for allowance for bad debt? Is Bad Debt an Expense? Division of Financial Services Journal Entries to Estimate and Record Bad Debt Customer pays example Therefore, it can be useful […]

Your linear regression graph would likely show profit increasing as sales increase. But it can also illustrate the rate of increase, and how that fluctuates, and allow you to set business goals that maximise profit. But your moving average may help you to identify that sales halved the month before that, so your rate of […]