Bookkeeping

Therefore, it is a good idea to have a monthly round-up of expenses paid by the company so that a proper balance is maintained in the company. Review petty cash do’s and don’ts to ensure you correctly handle your fund. Remember this is petty cash so by definition the float amount is usually $100 or […]

While that may be an attractive feature, it’s important to understand the consequences of holding your account in different currencies. For example, holding funds in certain currencies may allow you to earn interest on your deposits, but it can also result in tax liability. If you want to improve your banking, it’s smart to start […]

If you’re looking for the top accounting bloggers or accounting blogs to follow, you’ve come to the right place. With podcasts, webinars, and many other resources, you can educate yourself on various topics from taxes to practice management. First and foremost, accountancy blogs are read by accountants, bookkeepers, and CPAs (Certified Public Accountants). These tools […]

By streamlining your processes, and with automated yet personalized email workflows, it makes your AR more efficient. Once you assess your needs and the gaps in your system, you need to look for solution vendors that can help plug the gaps. Research various AR solutions and compare their features, pricing, regulatory compliance levels, and integrations. […]

The 2008 financial crisis might have gotten worse because of mark-to-market accounting. First, when home costs surged, banks increased the value of their mortgage-backed securities (MBSs). Companies in the financial services industry may need to make adjustments to their asset accounts in the event that some borrowers default on their loans during the year. When […]

A D/E ratio of 1.5 would indicate that the company has 1.5 times more debt than equity, signaling a moderate level of financial leverage. A high debt-equity ratio can be good because it shows that a firm can easily service its debt obligations (through cash flow) and is using the leverage to increase equity returns. […]