If you need to catch up on your bookkeeping, catch-up bookkeeping can help you get your books in order and improve your financial performance. However, it is important to know the limitations of catch-up bookkeeping and consult a professional bookkeeper if you have any questions or concerns. Hunt for discrepancies between your statements and your […]
Bookkeeping
Stale Check Law: Will Banks Honor Stale-Dated Checks?
A person would have to get evidence regarding the actions their bank took when it honored a stale check. This might require a person to file a lawsuit against the bank so that it can gain access to the bank’s records regarding the case. However, it is up to the bank to decide if it […]
What is a Business Transaction: Meaning, Types, Features & Examples
The business transacted can be between two parties engaged in business and conducting the transaction for their mutual benefits, or between a business entity, like a retail shop, and a customer. Recording all your business transactions can be very time-consuming when you’re self-employed. Countingup is the business current account and accounting software in one that […]
Where in the chart of accounts is a suspense account located?
Regardless of that, they need to record every transaction to keep their ledger books up to date, and this is where the suspense account comes in handy, as they are not sure where to record general ledger entries. A suspense account is a general ledger account in which amounts are temporarily recorded. The suspense account […]
Outsourcing To India In 2022: Reasons To Outsource & Trends To Watch
The multinational networking firm invested millions of dollars in structuring and advancing its technology development in India. IT firms are helping GCCs scale up, innovate and do much more, said Ananth Chandramouli, the India managing director of French IT firm Capgemini. You won’t be able to control the work environment, for instance, https://www.quick-bookkeeping.net/ because it’s […]
Wave: Small Business Software Wave Financial
Monitor your cash flow, stay organized, and stop sweating tax season. Say #sorrynotsorry to your spreadsheets and shoeboxes. Building software that adds up numbers isn’t hard. Building a software system that can handle tens of thousands of new customers a month, with hundreds of millions of transactions — that gets tricky. Between the app and […]
Asset turnover: definition, formula, benchmark
Analysts must consider the context within which the company operates, including market conditions and the lifecycle stage of the business. For example, a mature company with established market presence might have a lower ratio compared to a growth-phase company rapidly expanding its sales with fewer assets. Conversely, a declining trend might raise red flags about […]
How to Calculate And Interpret The Current Ratio
How to find the current ratio is to divide the company’s current assets by the current liabilities of the company. However, interpreting a current ratio of less than 1 shows that the company’s current assets are less than its current liabilities. This could be a problem as it indicates that the company does not have […]
How to Calculate And Interpret The Current Ratio
How to find the current ratio is to divide the company’s current assets by the current liabilities of the company. However, interpreting a current ratio of less than 1 shows that the company’s current assets are less than its current liabilities. This could be a problem as it indicates that the company does not have […]
Tax filing is open Here’s what to know about your 2024 tax refund.
For businesses, it could include business expenses such as salaries, rent, utilities, interest expense, and depreciation. In general, it is wise to stop contributing towards retirement when facing immediate financial difficulty. However, depending on the severity of the financial situation, a case could be made for at least contributing as much as possible towards what […]