Category: <span>Bookkeeping</span>

Smartsheet provides a better way to unify collaboration and automate workflows so you can spend more time on the work that matters. Feeling inundated with too many spreadsheets, repetitive data entry, and version-control issues? If the structure or mission of your organization seems to share some things with them, that’s a good sign that you...

The amount of working capital does change over time because a company’s current liabilities and current assets are based on a rolling 12-month period, and they change over time. Positive working capital generally means a company has enough resources to pay its short-term debts and invest in growth and expansion. Conversely, negative working capital indicates...

A higher degree of operating leverage equals greater risk to a company’s earnings. The higher the degree of operating leverage (DOL), the more sensitive a company’s earnings before interest and taxes (EBIT) are to changes in sales, assuming all other variables remain constant. The DOL ratio helps analysts determine what the impact of any change...

The ratio of gross profit with net sales is called the gross profit ratio whereas if we talk about gross profit margin or gross profit percentage. It is calculated when we express the gross profit ratio in the form of a percentage. Profit margin (sometimes referred to as profit margin ratio) is a financial metric...

Both negative and positive values of the common ratio are possible. We must multiply with a set term known as the common ratio every time we want to find the next term in the GP, and we must divide the term with the same common ratio every time we want to find the previous term...

Each month, your bookkeeper organizes your business transactions and prepares financial statements. Get your bookkeeping, income tax prep, and filing done by experts—backed by one powerful platform.From startups to agencies, Bench works with Baltimore small businesses. Our goal is to connect people with the best local professionals. We scored Baltimore bookkeeping services on more than...

Before we get into accounting methods, it is important to know what bookkeeping entails and how it all fits in. Now, as you may know, storing paper receipts can get a little messy. And while they can just as easily be stored in a shoebox, it is better to keep them in an organized manner...

Recording straight-line depreciation in financial statements involves debiting the depreciation expense account and crediting the accumulated depreciation account annually. This reflects the asset’s gradual decrease in value and its impact on the company’s financial health. The straight-line method’s popularity stems from its simplicity and ease of calculation. It provides a clear and consistent way to...

Also, as there is an increase in the book value per share growth of the company, the stock would be considered to be more valuable and the price of the stock would increase. The “outstanding shares” would be the total of the shares that are owned by shareholders. However, because we have already removed the...

Get granular visibility into your accounting process to take full control all the way from transaction recording to financial reporting. Kristin is a Certified Public Accountant with 15 years of income summary accounting experience working with small business owners in all aspects of business building. In 2006, she obtained her MS in Accounting and Taxation...