Category Archives: Bookkeeping

The focus of businesses in this phase is achieving a self-sustaining and potentially profitable state. Mature companies often generate consistent cash flows, allowing them to reinvest in their business while maintaining financial stability. In this stage, companies may continue to seek funding through IPOs or other means to foster continued growth or diversification of services […]

It also syncs with either QuickBooks Online or Netsuite (as opposed to syncing just with QuickBooks, like most virtual bookkeepers). No one knows the challenges of managing your company’s finances better than you. Making sense of your numbers can be time-consuming and frustrating, to say the least. It’s no wonder so many small business owners […]

Companies may issue stock to raise capital for business operations or to let insiders sell their shares. By comparing total equity to total assets belonging to a company, the shareholders equity ratio is thus a measure of the proportion of a company’s asset base financed via equity. The formula to calculate shareholders equity is equal […]

The differences between these options are essential to note in this article to help businesses pick the right partner for them and their growth goals. In the following, we will discuss the pros and cons of outsourcing accounts payable services compared to having an in-house accounts payable team, AP automation, and the shared services center. […]

This is why it’s also referred to as the times interest earned ratio. Specifically, the interest coverage ratio (ICR) tells you how many times over your earnings can pay off the current interest https://www.quick-bookkeeping.net/whom-may-i-claim-as-a-dependent/ on your debt. So, if you have an ICR of 3.5, that means you can pay off your interest 3.5 times […]

Maintain project timelines and deadlines effectively with modern tools designed to streamline and optimize your workflow while improving communications within your projects. Save time and improve receivables management with invoice submission automation and robust AR reports. Solutions that automate back-office processes and analyze the procure-to-pay cycle, driving hard costs out of the business and maximizing […]

Options can help investors who are holding a losing stock position using the option repair strategy. Learn how to use the sales revenue formula so you can gauge your company’s continued viability and forecast more accurately. The sales leaders want to know the number of vacuum cleaners they’d need to sell to break even on […]

Your closing journal entries serve as a way to zero out temporary accounts such as revenue and expenses, ensuring that you begin each new accounting period properly. Instead, the basic closing step is to access an option in the software to close the reporting period. Doing so automatically populates the retained earnings account for you, […]

In addition to the monthly cost of bookkeeping, be sure to calculate any add-on services you’ll need, like catch-up bookkeeping, tax advisory or payroll processing. Before choosing a service, find out whether you’ll need to pay for accounting software on top of the fee for bookkeeping. Remember that bookkeeping is intended to improve the financial […]

It involves organizing and maintaining accurate financial records, including income, expenses, invoices, and receipts. While it may not be the most exciting task for business owners, it plays a vital role in ensuring the financial health of your business. In this section, we will explore the benefits of Atlanta bookkeeping and why keeping accounting georgia […]