Chuyên mục: Bookkeeping

• Stockholders’ Equity Meaning, Types, Calculation, & Importance

  by: qcv Bookkeeping 0 2022-05-24 10:49:04

  Shareholder equity is one of the important numbers embedded in the financial reports of public companies that can help investors come to a sound conclusion about the real value of a company. The retained earnings are used primarily for the expenses of doing business and for the expansion of the business. If the company ever […]

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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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• Closing Entry: What It Is and How to Record One

  by: qcv Bookkeeping 0 2021-09-01 03:12:55

  Businesses earn money (revenue) and incur expenses throughout the year. At the end of the year, businesses gather all revenue and expenses and place them into an income summary account. If the Income Summary has a debit balance, the amount is the company’s net loss. The Income Summary will be closed with a credit for […]

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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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• Restaurant Service Fees Strike a New Nerve: How Theyre Taxed

  by: qcv Bookkeeping 0 2020-06-19 01:45:12

  By keeping tabs on your CoGS ratio, you can take action to reduce and contain your inventory costs. Finally, your restaurant’s success will be measured against key performance indicators. KPIs are what you’ll obsess over as a business owner – they dictate the financial outlook of your restaurant. How Do Market Conditions Impact Your Food […]

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