BooksTime  ➞  Articles

Articles

April 20, 2022

Charles Lutwidge
What is a Master Budget and why is it important?

What is a Master Budget and why is it important?

The master budget is a collective concept that includes all other business budgets, allowing you to consider the company’s financial situation from all sides. The master budget consists of the cash for staff salaries, marketing, production, and other company departments,...

Reading Time 4 mins
4 / 5 (1 voted)
Never Worry About Your Bookkeeping Again
Never Worry About Your Bookkeeping Again

Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.

April 18, 2022

Charles Lutwidge
Cash Flow Problems Facing Small Businesses and How to Solve Them

Cash Flow Problems Facing Small Businesses and How to Solve Them

Positive cash flow is vital for a thriving business. And still, many companies fail to secure a positive cash flow. In this article, we will take a look at the reasons causing issues and potential solutions to improve the situation....

Reading Time 6 mins
4.5 / 5 (2 voted)

April 15, 2022

Charles Lutwidge
What Is Payroll Fraud

What Is Payroll Fraud

Payroll fraud is damaging for any business, let alone a small company. It’s critical to spend time on detecting and preventing fraud. The very first step is to figure out what types of payroll fraud exist. After detecting payroll fraud...

Reading Time 5 mins
5 / 5 (1 voted)

April 14, 2022

Charles Lutwidge
How to Create a Business Budget for Your Small Business

How to Create a Business Budget for Your Small Business

Creating a business budget for a company is a tricky task. Some companies avoid the idea of creating business plans, and that’s a big mistake. Check out the article to learn about the importance of budgeting. You will also learn...

Reading Time 7 mins
5 / 5 (1 voted)

April 11, 2022

Charles Lutwidge
Book Balance Definition

Book Balance Definition

The bank balance is the balance a bank reports on the company’s bank account at the end of the month. And the book balance is the internal general ledger record of that mentioned account. But what is the difference between...

Reading Time 3 mins
0 / 5 (0 voted)

April 08, 2022

Charles Lutwidge
What is Predetermined Overhead Rate

What is Predetermined Overhead Rate

If you have a company related to manufacturing, or you work as an accountant for such a business, it’s essential to calculate and monitor the predetermined overhead rate. This rate helps monitor expenses to produce goods or provide services while...

Reading Time 4 mins
5 / 5 (1 voted)

April 06, 2022

Charles Lutwidge
Guide on How To Calculate Overtime Pay

Guide on How To Calculate Overtime Pay

Operating a business means spending a lot of time calculating employees’ salaries or wages. The task becomes even more complicated if employees work overtime since extra work is paid differently. Calculating overtime depends on different factors, such as the state,...

Reading Time 6 mins
5 / 5 (1 voted)

April 04, 2022

Charles Lutwidge
Budget vs. Forecast: What’s the Difference?

Budget vs. Forecast: What’s the Difference?

Both a budget and a forecast are financial tools. Companies use these tools to plan their growth, income, expenses. These tools are vital to companies as they help the management in decision-making. Budgeting and forecasting are similar, and some companies...

Reading Time 4 mins
0 / 5 (0 voted)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67

Talk To A Bookkeeping Expert

A bookkeeping expert will contact you during business hours to discuss your needs.

QB_enterprise
QB_Advanced
QB_Desktop
QB_PointofSale
Billcom
BBB
Hubdoc
Founders_Pledge_logo-3
Mindbody
Expensify
GustoPartner
Xero
Shopify
CF_Partner_2020_RGB-1
wboa-horizontal-logo-2