Category: Bookkeeping

Expense accounts allow you to keep track of money that you no longer have, and represents any money that you’ve spent. For example, if you rent, the money will move from your cash account to a rent expense account. In this article you will learn how and when to file an extension on business taxes… Continue reading Chart Of Accounts: Definition, Types And How it Works

Charts of accounts are an index, or list, of the various financial accounts that can be found in your company’s general ledger. These accounts are separated into different categories, including revenue, liabilities, assets, and expenditures. With online accounting software, you can organize and track your balance sheet accounts. Chart of Accounts: Essential Guide for Business Success… Continue reading Chart of Accounts: Setup Guide with Examples

This ratio calculates the minimum value of a company’s equity and determines a firm’s book value, or Net Asset Value (NAV), on a per-share basis. In other words, it defines the accounting value (i.e. book value) of a share of a company’s publicly-traded stock. A common way of increasing BVPS is for companies to buy… Continue reading Book Value Per Share BVPS: Definition, Calculation & Importance

You agree this is still a reasonable offer and agree to purchase 100 phones at $325 each. Running a successful business means paying attention to what’s happening behind the scenes. Quick, user friendly and one of the better ways I’ve come across to get ahold of lawyers willing to take new clients. Source Documents This… Continue reading What is a Business Transaction: Meaning, Types, Features & Examples

The legally-required amount an employer must withhold from an employee’s wages to satisfy a spousal support order from the court. Often abbreviated as YTD, year-to-date represents the total sum for the year. This can be an employee’s earnings, a company’s profit, tax payments, or any other payroll expense. Monitoring your YTD figures is essential for… Continue reading Pay Stub Abbreviations from All Major Payroll Companies

Wix is an online store builder that offers dedicated features for fitness businesses, hotels and restaurants, so it’s worth exploring if your business operates in one of those industries. You can also use it to sell tickets, subscription products and gated content for members. Square Online, formerly known as Weebly, offers a user-friendly platform that… Continue reading Best E-Commerce Platforms Of 2024

The provider further ensures pages are mobile-friendly, which is critical since search engines such as Google prioritize mobile-friendliness when ranking sites. E-Commerce Features investigates the platform’s additional capabilities. It looks at the presence of third-party integration options, Progressive Web Application support and CRM integrations. Other sub-criteria include support for dropshipping, omnichannel selling, shipping and tax… Continue reading Best ecommerce platform of 2024

Most expense tracking in the construction industry is done via job costing. This method of accounting tracks income and expenses along with the job they relate to. Job costing is most effective when conducted by your construction accounting software. After the project is completed, construction companies perform a post-job review to analyze construction bookkeeping and… Continue reading 21 Best Construction Accounting Software Reviewed For 2024

However, if you frequently work on the go, you may consider a cloud-based option like QuickBooks Online. QuickBooks Enterprise Contractor aced the general accounting category, and it could have done https://blackstarnews.com/detailed-guide-for-the-importance-of-construction-bookkeeping-for-streamlining-business-operations/ the same for construction features if users could use it for managing equipment and storing project documents. It also fell short in ease of… Continue reading Construction Accounting Software Wave Financial