بواسطة justmstfa | يناير 19, 2023 | Bookkeeping
Adjust your accounts receivable in line with this process and strategically manage both payment sections. The average collection period for account receivables can help you with future financial planning. Here is how the calculation of average collection period plays...
بواسطة justmstfa | ديسمبر 13, 2022 | Bookkeeping
Here’s a sample income statement of company ABC for the year ending 31st December 2020 and 31st December 2021. You must remember that to calculate gross profit, only variable costs are taken into consideration, meaning the costs that change with the change in the...
بواسطة justmstfa | أغسطس 2, 2022 | Bookkeeping
Maintaining contra revenue accounts empowers you to maintain healthier and more realistic expectations of financial outcomes—no rose-tinted glasses here. These three types of contra accounts contra expense account are used to reduce liabilities, equity, and revenue...
بواسطة justmstfa | أكتوبر 22, 2020 | Bookkeeping
The company should update its calculations for each financial report or after a change order. Accurate construction management requires tracking employees and equipment in varying locations, potentially across multiple cities and states. Read on for a look at the top...
بواسطة justmstfa | أكتوبر 8, 2020 | Bookkeeping
If you’re looking to keep up with payroll, file taxes, or otherwise manage finances for your business, there is no shortage of software available to meet every need. 1-800Accountant is a unique model that calls itself an all-in-one solution for business and...
