Category Bookkeeping

Now that we’ve covered how financial forecasting works, let’s explore why it should become part of your everyday business activities. The straight-line method is arguably the more common and straightforward method. It simply involves pulling past figures to calculate historical…

We provide personalised recommendations based on your activity on our platform. You must Retail Accounting therefore adjust this setting on each device as necessary to reflect your preference. Pricing can range anywhere from a few hundred to several thousand dollars…

However, businesses with inventory, multiple revenue streams, or those anticipating significant growth may find single entry insufficient and consider transitioning to double-entry bookkeeping. The balance sheet cannot be prepared because the real accounts are not maintained. Thus, the correct financial…

Working capital management is crucial for maintaining a company’s financial health and operational efficiency. This article introduces the essential concepts of managing short-term assets and liabilities—focusing on liquidity sources and factors influencing a company’s liquidity position. It aims to provide…

So for a truly comprehensive guide on QuickBooks, this is a great best quickbooks training place to start. Your instructor for this class is Bonnie Biafore, who is a project management specialist and has helped 10,000s master various software tools.…

Pazy provides up-to-date insights into petty cash balances and expenditures, allowing businesses to make informed decisions and improve cash flow management. Petty cash management becomes simpler with Pazy’s real-time tracking and automated reports, giving you better control over your expenses.…

Whether you spend one dollar on paper clips or $1,000 on a venue for a fundraiser, every transaction must be recorded. To do this, have your bookkeeper monitor and record your transactions or invest in a software solution that automatically…

Companies that are still using spreadsheets or outdated spend management systems may be overlooking the benefits of automated procurement software. Some cost control initiatives, such as employee training or new procurement software, require an upfront investment. Solutions that can save…

The non-cash working capital as apercent of revenues can be used, in conjunction with expected revenue changeseach period, to estimate projected changes in non-cash working capital overtime. You can obtain the non-cash working capital as a percent of revenues bylooking…

A generous car dealership gives you a vehicle for free, but that doesn’t mean it wasn’t a transaction! You’ll need to record the car as an in-kind donation from the dealership, noting even details about the model and make of…