Chuyên mục: Bookkeeping

• Data Analytics: What It Is, How It’s Used, and 4 Basic Techniques

  by: qcv Bookkeeping 0 2024-01-30 11:27:05

  This isn’t just about efficiency; rather, it’s about equipping businesses with the tools they need to thrive in an increasingly competitive landscape. The adoption of cloud technology platforms can automate the reconciliation of sales and payment data across multiple channels, transforming the accounting function from a historical record-keeping task to a source of real-time strategic […]

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• Retained Earnings What Are They, and How Do You Calculate Them?

  by: qcv Bookkeeping 0 2023-07-25 08:20:08

  Since retained earnings can be used to buy assets, people sometimes wonder if retained earnings are an asset. When the Retained Earnings account has a debit balance, retained earnings asset or liability a deficit exists. A company indicates a deficit by listing retained earnings with a negative amount in the stockholders’ equity section of the […]

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• Outsourcing: How It Works in Business, With Examples

  by: qcv Bookkeeping 0 2023-07-20 10:14:12

  Normally, the recruitment process is cumbersome and expensive for businesses. When you are outsourcing, the outsourcing company will generally take care of this for you, including screening, hiring and onboarding. Not only is outsourcing cheaper, but it also removes some of the complexities and costs of dont buy the sales tax employment — legal, recruitment, […]

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• QuickBooks Online Vs QuickBooks Self-Employed

  by: qcv Bookkeeping 0 2023-01-17 07:52:09

  If you’re new to accounting software, it’s important that you have the time to commit to learning the software. If not, QuickBooks Online is much more user-friendly, even for accounting newbies. As a QuickBooks ProAdvisor, Mark has extensive knowledge of QuickBooks products, allowing him to create valuable content that educates businesses on maximizing the benefits […]

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• Calculate Your Yearly Salary

  by: qcv Bookkeeping 0 2022-01-26 05:16:52

  For example, import duties on certain products can make raw materials costly for the manufacturing sector and inflate overall COGS. Government regulations can also have a material effect on gross profit. For example, a company can choose to include car rentals as part of its Selling, General & Administrative (SG&A) expenses in COGS while another […]

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• What the Finance Industry Tells Us About the Future of AI

  by: qcv Bookkeeping 0 2022-01-18 12:09:08

  We considered factors such as live chat support, phone support, and comprehensive knowledge base resources to determine the level of support provided by each AI finance software vendor. The solution is designed for CFOs, CEOs and other business leaders looking to optimize their financial planning processes. Booke has a Robotic AI Bookkeeper tool that integrates […]

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• 10 Lessons We Learned About Telling Customer Stories

  by: qcv Bookkeeping 0 2021-09-06 10:15:35

  When consumers are figuring out the right way to react to an unknown situation, they tend to base their decision on what others are doing. This type of confirmation, known as social proof, is especially important for digital experiences where there’s no physical product involved. Customers Success Stories Customer stories can be a collaborative process […]

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• How to value a small business: Guide to methods & calculations

  by: qcv Bookkeeping 0 2021-04-02 01:27:36

  Taking a deeper dive into the valuation may help you uncover opportunities for growth. The business’s cash flow statement is a good place to start, and projected cash flows if they’ve already been created. Additionally, you’ll need to know the discount rate, or weighted average cost of capital (WACC), which can require more complicated calculations. […]

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• Solved: How to create an allowance for doubtful debts account

  by: qcv Bookkeeping 0 2020-10-09 01:25:41

  Suppose that a lender estimates $2 million of the loan balance is at risk of default, and the allowance account already has a $1 million balance. Then, the adjusting entry to bad debt expense and the increase to the allowance account is an additional $1 million. An allowance for doubtful accounts is a contra account […]

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• What Are the Main Functions of Accounting? Types & Definition

  by: qcv Bookkeeping 0 2020-08-05 10:34:52

  Accounting managers are responsible for overseeing the accounting department of a company. They ensure that financial statements are accurate and that all financial transactions are recorded correctly. The primary objective of an audit is to provide an opinion on the financial statements prepared by management. Auditors must obtain sufficient evidence to support their opinion, which […]

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