Category: <span>Bookkeeping</span>

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...

Accountants use ratios to analyze financial statements and identify areas for improvement, such as reducing costs or increasing revenue. We can easily find the ratio of two numbers by just simplifying their fraction and then finding their simplest form. For example, we have two numbers ‘p’ and ‘q’ and we have to find their ratio....

Financial metrics like Internal Rate of Return (IRR) and Net Present Value (NPV) help determine project viability. A project with an IRR exceeding the cost of capital is generally favorable. Peakflo automates expense approvals using flexible rules that adapt to any business process. Companies periodically check if the standard costs differ from the actual costs....

Financial metrics like Internal Rate of Return (IRR) and Net Present Value (NPV) help determine project viability. A project with an IRR exceeding the cost of capital is generally favorable. Peakflo automates expense approvals using flexible rules that adapt to any business process. Companies periodically check if the standard costs differ from the actual costs....

Payment gateways play a crucial role in the recurring billing process by securely processing and managing the transactions between customers and businesses. They ensure the safe transfer of payment information, validate transaction details and facilitate the authorization and settlement of payments. Choosing a reliable payment gateway with comprehensive support for recurring payments is essential for...

This lack of transparency can be a concern for companies that want to maintain tight control over their financial operations and regulatory compliance. To help you accounts payable outsourcing find the answer to this question, we will discuss the benefits and drawbacks of outsourcing your accounts payable. By the end of this article, you’ll have...

These are expensed in the period incurred, affecting profitability within that timeframe. Selling expenses, a key category, include costs related to product promotion and sales, such as advertising, sales commissions, and distribution. For instance, a company investing in digital marketing campaigns will see these reflected in selling expenses. The cost of production is an essential...

Investors can use present value calculations to compare different annuity options annuity present value formula or evaluate fixed-income investments such as bonds. They can then be ensured of choosing the option with the best return relative to its cost. Pension plans can often involve annuities, where you receive regular payouts during retirement. Fund Allocation Calculator...

Investors can use present value calculations to compare different annuity options annuity present value formula or evaluate fixed-income investments such as bonds. They can then be ensured of choosing the option with the best return relative to its cost. Pension plans can often involve annuities, where you receive regular payouts during retirement. Fund Allocation Calculator...

The numbering follows the traditional format of the balance sheet by starting with the current assets, followed by the fixed assets. It is a very important financial tool that organizes a lot of financial transactions in a way that is easy to access. Because transactions are displayed as line items, they can quickly be found...