Bookkeeping

Monthly PTO accruals are earned once per month, often on the last day of the month. A monthly PTO accrual period works best when your payroll is run monthly. Unfortunately, due to a limitation with most HRIS and payroll platforms, employees are only “granted” the PTO that they’ve accrued when payroll actually runs. Things to […]

When a company has plans for future projects, such as new product launches or capacity expansion, a good financial forecast is a huge help. In financial planning, discretionary financing needs (DFN) help the business if extra financing is needed. Using the financial statements, DFN determines the difference between the projected total assets and the projected

Distribution of dividends to shareholders can be in the form of cash or stock. Cash dividends represent a cash outflow and are recorded as reductions in the cash account. These reduce the size of a company’s balance sheet and asset value as the company no longer owns part of its liquid assets. Dividends refer to

For example, if you notice a big surge in new sales in the month of July, you’ll want to lean in and figure out what caused that. Your P&L is a report that allows you to quickly see all of your revenue and expenses in a given time period. These tools help provide you the

Your body breaks alcohol down into a chemical called acetaldehyde, which damages your DNA. Damaged DNA can cause a cell to grow out of control, which results in cancerous tumors. Having a glass of wine with dinner or a beer at a party here and there isn’t going to destroy your gut. But even low

Hence it is a sunk cost and is not relevant to the analysis of the future project. Businesses can use NPV when deciding between different projects while investors can use it to decide between different investment opportunities. Comparing NPVs of projects with different lifespans can be problematic, as it may not adequately account for the

The process is divided into five primary phases that start with project evaluation and end with transformation. We begin by getting a clear idea of the volume of work and a better understanding of your accounting firm and its internal processes. This will allow us to identify the right people, processes, and platforms to handle

This includes the compilation of accurate job costs, effective management of the firm’s working capital, and timely and correct billing. These are some of the circumstances that emerge in the course of construction business and bookkeeping and accounting, which is the subject of this essay. The essay further bolsters with articles covering practical approaches to

Want to help improve your business without managing or maintaining an in-house team? What sets us apart from internal resources or other providers is the curated talent, managed results and the benefit of the power, perspective and technology of our global network at your disposal. This structured approach ensures that outsourcing accounting is efficient, secure,

Answer a few questions about what’s important to your business and we’ll recommend the right fit. Whether you’re a church, nonprofit, or small business, managing your bottom line is the difference between success and failure. For more on exactly what it’ll cost you to not do your bookkeeping, check out The Cost Of Not Doing