Category: Bookkeeping

It exhibits the value the company expects from selling the asset at the end of its useful life. The straight-line depreciation method assumes a constant depreciation rate over the asset’s useful life. Calculate the annual depreciation rate by dividing 1…

No matter how big your business is or how fast you’re scaling, all retailers need to monitor their inventory counts and ensure that those records are accurate. First, and most basically, retail businesses will want to determine their cost of…

This is cause for concern because it marks the value of a company after investors and stockholders have been paid. Retained earnings are a component of shareholder equity and represent the percentage of net earnings that are not distributed to…

Incoming revenue is vital to business growth, but it doesn’t paint the most accurate financial picture of your business. You must know whether your company is profiting after deducting business expenses. Since gross profit is simply total revenues less cost…

It’s much easier to work with clients when you can both log into their account at the same time. It’ll help you answer questions in context, while reducing the number of in-person meetings. Because practically all business transactions are processed…