Bookkeeping

Create your account and connect with a world of communities. Best software around for ease of use for the non accountant running a business. As always, I’m just a few clicks away should you have any questions. From the Home page, click the QuickBooks Q&A board to see all of the product sections we offer. Keep […]

Retained earnings can be used to pay off existing outstanding debts or memorandum check loans that your business owes. Investors are primarily interested in earning maximum returns on their investments. When they know that management has profitable investment opportunities and have faith in the management’s capabilities, they will want management to retain surplus profits for […]

Afterall, you didn’t go into business because you wanted to try your hand at accounting. You went into business because you are passionate about the products and services you provide. We offer affordable bookkeeping services so you can keep your business running smoothly without breaking the bank. We allow not for profits to add a […]

These costs may be higher because technology is often more expensive when it is new than it will be in the future, when it is easier and more cost effective to produce and also more accessible. The same will likely happen over time with the cost of creating and using driverless transportation. In May, \(750\) […]

Apart from giving you insight into where your money is going, receipts also serve as proof of your business expenses in case you ever get audited. You also need to keep in mind that the construction industry is highly susceptible to political and economic fluctuations. In most industries, commissioned contractors get paid upon delivery of […]

However, there’s still no software available that can automate the entire bookkeeping process. Apart from saving you time, automated bookkeeping helps reduce human error, removes some security concerns, and saves money. When using this method, you recognize revenue as a percentage of the work your company completed during a period. The first set should cover […]

Save yourself hours while knowing your employees are all getting paid on time for theirs! Procare’s payroll and time clock software accurately tracks staff’s entry and exit times, automatically calculates all checks at once, leverages direct deposit functions and runs accurate summary reports. Effective tracking of expenses helps you to maintain a comprehensive budget and […]

The (COGS) is an essential component that provides a clear picture to business owners and managers about the company’s manufacturing performance. Only after the cost of goods manufactured is calculated can a company compute its cost of goods sold. To calculate direct labor, you have to calculate the direct hourly labor rate and the direct […]

If a corporation operates at a loss, stockholders’ equity decreases because the current year’s net income reduces retained earnings. When a company talks about stockholders’ equity, it means the total amount of capital a company has received from investors in exchange for shares in the company. Almost all profit-making companies have as their objective “to […]

These include constant, residual, and stable dividend policies, based on different theories. When a company announces a dividend, it also will announce the payment date on which the dividend will be paid into the shareholders’ accounts. The company books these dividends as a current liability from the declaration date until the day they are paid […]