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December 05, 2022

Charles Lutwidge
What is Accounting and Why it Matters For Your Business

What is Accounting and Why it Matters For Your Business

Accounting may seem like something other than the most fun part of the business. However, accounting is indispensable. Without clear financial records, you can lose a lot of profit. You can also receive fines for late submission of financial reports to..

Reading Time 6 mins
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Articles

November 29, 2022

Charles Lutwidge
What is Cloud Accounting?

What is Cloud Accounting?

Indeed lately, we often hear the word «cloud» in different contexts, including «cloud accounting.» Have you wondered what it is and whether it will benefit your business? Read this article to know more. Most companies are actively implementing cloud technologies, and..

Reading Time 7 mins
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Articles

November 22, 2022

Charles Lutwidge
Do I Really Need a Personal Accountant?

Do I Really Need a Personal Accountant?

Control of personal finances is needed even for an ordinary person; however, it takes a lot of time and motivation to perform all the procedures correctly. Therefore many people with various revenue and expense streams choose to hire an accountant. Budgeting..

Reading Time 5 mins
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Articles

November 10, 2022

Charles Lutwidge
Bookkeeper360 Review

Bookkeeper360 Review

Bookkeeper360 is a cloud-based accounting service provider that offers financial reporting assistance to small and medium businesses. When a user creates an account in the system, he is provided with a personal manager. It will help generate a service plan that..

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Articles

November 03, 2022

Charles Lutwidge
Practical tips for PayPal Accounting

Practical tips for PayPal Accounting

If you own a small business and offer to buy goods or services over the Internet and deal with invoices, then you probably try to find the best payment method. One of the most common variants is PayPal. It has over..

Reading Time 4 mins
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Articles

October 28, 2022

Charles Lutwidge
Bookkeeping Services for Truckers and Carriers

Bookkeeping Services for Truckers and Carriers

A business of any size that specializes in trucking must maintain accurate accounting records. It is the only way to guarantee compliance with all state requirements and receive a stable income. Bookkeeping for the truck operator can be daunting, but it..

Reading Time 5 mins
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Articles

October 17, 2022

Charles Lutwidge
A Step-by-Step Guide to Restaurant Bookkeeping and Accounting

A Step-by-Step Guide to Restaurant Bookkeeping and Accounting

People often think of opening a restaurant with good culinary skills and a passion for hosting. It is necessary to properly organize accounting so that business brings profit in addition to pleasure. If the owner understands all the intricacies of restaurant..

Reading Time 6 mins
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Articles

October 13, 2022

Charles Lutwidge
Quicken Bookkeeping Software Review

Quicken Bookkeeping Software Review

If people who run small businesses or work as freelancers want to keep their bookkeeping in order, then the dedicated accounting software will perfectly cope with this task. You may use Quicken to solve your financial problems; the program helps to..

Reading Time 5 mins
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Articles

October 05, 2022

Charles Lutwidge
How to Create Multiple Streams of Income: Step-by-Step Guide

How to Create Multiple Streams of Income: Step-by-Step Guide

We all want to generate higher incomes, but many of us miss several important points when it comes to making more money. Typical millionaires have more than just one source of income. Successful people with higher incomes manage their business(s), invest..

Reading Time 6 mins
3 / 5 (2 voted)

Articles

What is Accounting and Why it Matters For Your BusinessWhat is Cloud Accounting?Do I Really Need a Personal Accountant?Bookkeeper360 ReviewPractical tips for PayPal AccountingBookkeeping Services for Truckers and CarriersA Step-by-Step Guide to Restaurant Bookkeeping and AccountingQuicken Bookkeeping Software ReviewHow to Create Multiple Streams of Income: Step-by-Step GuideGuide how to write a grant proposal for a small businessHow to Scale a BusinessWhat Is an ACH Transfer and How to Accept ACH PaymentsWhat is an EIN number?What is Burn Rate and How to Calculate It10 Best Recession-Proof Business IdeasEmployment Contracts for Small Businesses: Features and RequirementsWhat is Business Process AutomationWhat is Decision Making FrameworkWhat Is Invoice Factoring?Salary vs Owner's Draw: How to Pay Yourself as a Business Owner?What is Net 30 Payment TermsWhat is Cost of DebtTransposition ErrorWhat You Need to Know about IRS Receipts RequirementsHow to Calculate and Pay Estimated TaxesHow Many Years Can You File Back TaxesWhat is an Invoice NumberWhat's the Difference Between Gross Pay and Net PayWhat is the Financial Accounting Standards Board (FASB)What is a Deposit SlipMark to Market Accounting: What is it and How it WorksWhat Is a Voided Check and When to Use OneTotal Equity FormulaWhat is Reorder PointBookkeeping and Accounting Tips for Small BusinessDebt Service Coverage Ratio (DSCR) MeaningWhat is AccountancyBiweekly vs Semimonthly PayrollNoncumulative Preferred Stock DefinitionWhat Is Obsolete Inventory?What Does Paid In Arrears MeanHow to Keep Track of Business Expenses and why it's Important?What is IRS Form 1040What are Notes Receivable in Accounting?What are Asset Disposals?The Purpose of the W-9 FormHow to Hire the Right BookkeeperHow to Сalculate Shares Outstanding in Accounting?What is a Schedule K-1 Tax FormWhat are Trade Receivables in Accounting?Best Free Accounting Software for Small BusinessWhat are net terms?Stocks and Bonds: The DifferenceHow to Calculate Commission in AccountingWhat are Management Assertions?How to Balance Purchase LedgerTotal manufacturing cost: What is it and how to calculate itWhat Is the Difference Between Gross Sales and Net SalesWhat is Full Time Equivalent (FTE)Markup vs Margin: What’s the difference?Accounting Journal Entry for DepreciationWhat is the Contribution Margin Income Statement?What are the Advantages and Disadvantages of forming a Corporation?What are Temporary Accounts?What are Period Costs?What is Cash Flow from Financing Activities (CFF)What are Reorder Points and how to calculate ROP?What is a Master Budget and why is it important?Cash Flow Problems Facing Small Businesses and How to Solve ThemWhat Is Payroll FraudHow to Create a Business Budget for Your Small BusinessBook Balance DefinitionWhat is Predetermined Overhead RateGuide on How To Calculate Overtime PayBudget vs. Forecast: What's the Difference?Change in Net Working Capital (NWC)What Is Self-Employment TaxAccounting Technologies for the FutureWhat are billable hours?What is the difference between 1099 and W2 EmployeesWhat Is A Pay StubHow Long You Ought To Keep Business RecordsWhat is Certified PayrollWhat are Stale Dated ChecksWhat is the Difference Between Financial and Managerial AccountingWhat is a Multi-Step Income StatementCPA vs AccountantNet Cash Flow FormulaTaxes For Small BusinessesFixed Cost: Definition and FormulaTax Form 1120 – What It Is, How to File ItWhat is a Tax Write-OffWhat are Solvency and LiquidityHow to Calculate FIFO and LIFOWhat is OvertimePayroll Expense: Meaning and CalculationJust in Time Inventory: Basics and ImplementationAccrued Vacation Pay: Meaning and CalculationWhat Is Days Sales Outstanding?What is Equity Multiplier?What Is Consolidation Accounting?What to Do If You Missed 1099 DeadlineWhat Is Expense Management and Why Is It ImportantWhat Is Inventory TrackingWhat Is a Sole ProprietorshipGrant AccountingDepreciable Property DefinitionNonprofit Audit GuideList 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Need To Know About Tax RefundsThe Difference Between Bookkeeper and AccountantHow to make a balance sheetHow to Write a ReceiptBusiness Tax PreparationResearch and Development Tax CreditHow To Pursue a Career as a BookkeeperSchedule C: Profit or Loss From BusinessWhat is the Profit and Loss Statement (P&L)How to Make an InvoiceWhat Is an Invoice?What Are Closing Entries in AccountingWhat Is a Variable CostWhat are Intangible AssetsWhat is an ExpenseSalvage Value DefinitionGAAP VS. IFRS: What are the key differenceAudit Risk ModelCurrent Assets DefinitionAfter-Tax IncomeWhat is net incomeWhat is gross income and How it worksBasic Overview of Progressive TaxDays Payable Outstanding (DPO)What Is the Equity Method of Accounting?Meaning and Example of Insurance ExpenseVariance AnalysisMarginal Cost FormulaAnnual Income: Meaning and CalculationAccounts Receivable FactoringCapital Lease vs Operating LeaseEncumbrance Accounting: Explanation and ExampleBasics of Nonprofit AccountingFund Accounting Explained in Simple TermsIntroduction to Governmental AccountingExplanation of Account Reconciliation with ExampleWhat Is Sales Margin and How to Calculate It?The Basics of Cost AccountingWhat Is Opening Balance Equity?Bookkeeping: What is a 3-Way Match?Learn How to Calculate Salvage Value of AssetsStockholders' Equity: How to Calculate?Percentage of Sales Method: Explanation with ExamplesPrepaid Insurance Journal EntryRealization PrincipleConsolidated Financial StatementsWhat Is Prepaid Rent?LLC Accounting: Basics and RequirementsA Simple Explanation of Sales Revenue with ExamplesA Simple Guide for How to Write Off Bad DebtWhat Is an Accountant? Roles and ResponsibilitiesExpense Report: Meaning and TemplateThe Meaning and Basics of Hedge AccountingEnterprise Resource Planning (ERP)Cash Reconciliation: What Is It and How to Perform It?The Basics of Lease AccountingBusiness Valuation Formula and PurposeExplanation of Future Value of an Annuity with ExamplesWhat Is a Budget Report?Cash Flow from AssetsExplanation of Prepaid Insurance with ExampleAdvanced online bookkeeping services for business needsWhat CPAs areWhat is the Present Value of an Annuity Table?Review of the 6 Best Virtual Bookkeeping Services in 2021Outsource Bookkeeping Solutions for BusinessesComparison of Online vs Traditional BookkeepingWhen You Should Outsource Your Bookkeeping?Net Working Capital: Meaning, Measurement, and OptimizationWhat Is the Meaning of Opportunity Cost?What is GAAP in Accounting?Revenue Recognition PrincipleWhat Is Chart of Accounts Numbering and Why Do You Need It?Basic Explanation of Order of LiquidityExpense Recognition Principle: Meaning and ImportanceWhat is Tax Shield?What Is Depreciation Tax Shield?Post Closing Trial BalanceWhat Is Net Sales and How to Calculate It?Product Cost Meaning and CalculationClassified Balance SheetWhat Are the Main Income Statement Accounts?Learn How to Calculate Cost Per UnitDebits and Credits in AccountingCapital Budgeting ExplainedIndirect Method – Cash FlowAsset Turnover Ratio Explanation and ExampleSimple Explanation of the Periodic Inventory SystemThe Beginner's Tutorial to BookkeepingAccrued Payroll ExplanationLIFO Reserve Explained with ExampleWhat Is the Payback Period?Units of Production Method of Depreciation: Explanation and CalculationAn Easy to Understand Explanation of a Debit Memo with an ExampleWhat Are Investing Activities in Accounting?Stockholders' EquityAbsorption Costing in AccountingTrade Discount Explanation with ExampleEasy to Understand Explanation of Accrued InterestIncremental Cost Explanation and CalculationOperating Cycle Explanation and FormulaOperating Expenses Explanation with ExamplesMeaning of Mixed Cost in AccountingSimple Explanation of Purchase DiscountsCash and Cash EquivalentsSimple Explanation of FOB Shipping PointDays Sales in InventoryContingent Liability Explanation and ExamplesBookkeeping Services for BostonBookkeeping Services for San AntonioBookkeeping Services for San FranciscoBookkeeping Services for SeattleBookkeeping Services for Las VegasBookkeeping Services for AtlantaBookkeeping Services for PhoenixBookkeeping Services for HoustonBookkeeping Services in AustinBookkeeping Services for MiamiWhat are Long Term Liabilities?Vertical Analysis Explanation and ExampleHorizontal Analysis OverviewPublic AccountingTimes Interest Earned Ratio: Explanation and PurposeSalaries and Wages: Which one is better?Contribution Margin Explanation and ImportanceWhat Is Going Concern Principle?What does MM mean? Explanation and ExamplesDirect vs Indirect Cash Flow Statement Preparation MethodsAccumulated Depreciation Explanation and Calculation ExampleProcess Costing Explanation and ExampleWhat is Net Realizable Value? How to Calculate NRV?Simple Explanation of SG&A ExpensesBreak Even Point: What is it and Why is it important?Cost Principle Definition and Role in AccountingA Simple Guide to Payroll AccountingWhat Does Goodwill Mean in Accounting?Introduction to Pro Forma Financial StatementsMeaning and Example of Credit MemoActivity-Based CostingStandard Costing Meaning and How It WorksPlant Assets: Explanation and ExamplesHow to Calculate Sales Tax: Step-by-Step GuideExplanation of Cash Flow and Its ImportanceOutstanding Checks: Definition and How to deal with themMatching Principle: Definition and ImportanceWhat is a Chart of Accounts?Conversion Costs: Meaning, Formula, and ExampleWhat is the Cost of Goods Sold? 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Explanation and AccountingPreparing a Bank ReconciliationVertical and Horizontal Analysis: What's the Difference?Financial Ratio AnalysisCash Dividends and Stock DividendsSingle-Step vs Multi-Step Income StatementInventory Turnover RatioBusiness Credit CardNotes to Financial StatementsOverview of Reversing EntriesBasic Accounting PrinciplesIntroduction to T-AccountsEarly Payment DiscountsStock Splits and Stock DividendsRecording Transactions for BeginnersFinancial Ratios You Should KnowAmortizing Bond Premium with the Effective Interest Rate MethodFederal Insurance Contributions Act (FICA)Minimum Wage and Overtime PayIncome Summary AccountStatement of Stockholders EquityCash Flow from Operating ActivitiesBalance Sheet Template and StructureCash Short and Over AccountDividends Account - Explanation and ExampleThe Suspense Account - Everything You Need to KnowWhat is a Trial Balance?Manufacturing Overhead CostsGross vs. Net IncomeA Simple Explanation of Straight Line DepreciationInternal Controls in AccountingAccounting in Banks SimplifiedSmall Business Guide for Invoice Payment TermsWorking Capital Ratio: Definition and ExampleBetter Bookkeepers Accounting ReviewYour Guide to the Real Estate Capitalization RateCompleted Contract MethodMinimum Wages in the United StatesHow to Increase Your Business ProfitabilityYour Guide to Inventory AccountingPaperless Invoicing - 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