July 22, 2021
Charles Lutwidge
Explanation of Prepaid Insurance with Example
Prepaid Expenses Insurance is obviously an expense to a business. Thus, before we look at prepaid insurance, let’s look at a definition of prepaid expenses. Prepaid expenses are an asset, which means it is something that your business owns and...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
July 21, 2021
Charles Lutwidge
What CPAs are
Introduction: “Behind every good business is a great accountant.” – Anonymous Accountants are the backbone of financial management in businesses and organizations. Practical accounting leads to superior financial statement turnouts. Without these fine folks, companies would drown in the ever-growing...
July 15, 2021
Charles Lutwidge
What is the Present Value of an Annuity Table?
What is an annuity? Buying goods or other property, the individual most often turns to the bank. A standard offer for repayment of a loan is an annuity, the cost of which can be calculated independently using an online calculator...
July 14, 2021
Charles Lutwidge
Review of the 6 Best Virtual Bookkeeping Services in 2021
An entrepreneur or a business owner does not have to know how to do bookkeeping. After all, when you need to have electrical work or plumbing done in your office, you hire an electrician or plumber. Why should you do...
July 13, 2021
Charles Lutwidge
Outsource Bookkeeping Solutions for Businesses
Overview Accounting in an enterprise is a serious and responsible task. Loss of necessary information, errors in accounting, inaccurate reflection, and untimely preparation of financial statements entail many risks. At the same time, reducing costs and increasing efficiency are now...
July 13, 2021
Charles Lutwidge
Comparison of Online vs Traditional Bookkeeping
Nowadays, many activities can be carried out in the online environment. Digital technologies have not bypassed bookkeeping and accounting either. Online bookkeeping has become an effective way of keeping financial records, confidently replacing the traditional paper one. This way of...
July 12, 2021
Charles Lutwidge
When You Should Outsource Your Bookkeeping?
What business processes should be outsourced? Rational use of time, finances, and other resources is one of the motivators for optimizing the work of the entire company. Therefore, a successful leader periodically re-evaluates opportunities and chooses options for optimizing business...
July 09, 2021
Charles Lutwidge
Net Working Capital: Meaning, Measurement, and Optimization
In the course of their activities, many companies attract borrowed funds to finance current projects and expand the scope of their activity in the industry. However, it is worth remembering that the main feature of attracting any loan is the...
