Category: Bookkeeping

Inconsistencies in allocation methods should be identified, and a line-by-line analysis of accounts may be needed. Certain areas such as information technology should be analyzed for direct supervision or direct conduct of program activities. The appropriate accounting services for startups level of reserves varies depending on the organization’s size, sector, and risk profile. While there […]

Some banks, such as Morgan Stanley, provided adjusted EPS numbers that removed the effects of the tax change in their 2017 reports. In some cases, companies may also provide an adjusted EPS number, which is usually diluted EPS with atypical one-time items removed. Diluted EPS is calculated using a larger number of shares than basic […]

Earnings per share is among the most important indicators that show the company’s profitability and the value of the business. It tells us whether the company is doing well or not and is crucial as you analyze companies. If you want to invest in a company, use the EPS indicator, but as you saw in […]

Even renting a spare room can generate discretionary income if you don’t want to rent your entire property upfront. From clothing to shaving items, there are a lot of products you can sell through a subscription business. Whether you’re in college or well into your career, consider opportunities that enable you to earn recurring income […]

Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. One approach is to first pay off the debt with the highest interest rate, then move to the debt with the next-highest interest rate, and so on until you’re debt-free. Another approach is to first pay your smallest debt, then move to […]

Notice that every transaction results in an equal effect to assets and liabilities plus capital. This arrangement is used to highlight the creditors instead of the owners. So, if a creditor or lender wants to highlight the owner’s equity, this version helps paint a clearer picture if all assets are sold, and the funds are […]

For instance, new revenue sources can be added as revenue drivers. First, you need to get all your revenue and expenses together. A balance sheet projection is also handy to have for your own purposes, as well, particularly as you grow. We’ve outlined these three commonly-used (and misused!) financial planning terms below to provide clarity […]

Again, take note that closing entries are made only for temporary accounts. Real or permanent accounts, i.e. balance sheet accounts, are not closed. Adjusting entries are made for accrual of income, accrual of expenses, deferrals (income method or liability method), prepayments (asset method or expense method), depreciation, reversing entries are optional and allowances. Also known […]

And once your business starts growing, you likely won’t have the time or knowledge to accurately keep track of all your books. When building your accounting system, ensure your system includes features for tax compliance so you can track expenses, calculate tax and prepare filings. You can also use the tools within your accounting software […]

I’ve been using RemoteBooks Online for the last few years and am happy with their service. Kalyan and his team are knowledgeable, responsive, and detailed in their bookkeeping. I highly recommend their services so you can focus on running and growing your business. With us handling your bookkeeping, you can focus on your business, confident […]