April 10, 2020
Charles Lutwidge
Deductible Expenses
Expenses have a direct effect on how much tax you end up paying, so you want to track all company’s eligible expenses. If there is not adequate support from business records, you cannot deduct even allowable tax deductions. For an...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
April 10, 2020
Charles Lutwidge
What is Gross Profit?
Gross profit is the amount of revenue after you deduct the cost of goods. In other words, it is the difference between the Sales Revenue and Cost of Goods Sold. It is important to note that you do not subtract the...
April 10, 2020
Charles Lutwidge
What is Deferred Revenue?
Deferred revenue is revenue that a company received but has not yet been earned. It normally arises when not all the risks and rewards of the sale have been transferred to a customer. Therefore, we classify deferred revenue as a...
April 10, 2020
Charles Lutwidge
1-800Accountant Review
When you started your business, did you imagine you’d be spending so much time slaving over your financials? You are not alone. There are many services that exist just to make these tasks simpler and less time-consuming for small businesses....
April 10, 2020
Charles Lutwidge
Bench Accounting Review
Your time as an entrepreneur or a business owner is very valuable. Every single minute of your day, you need to be doing something that adds value back into your company. Doing your books yourself, even if you have “easy”...
April 03, 2020
Charles Lutwidge
Review of Botkeeper
Learn How Bookstime Is Different Do you hate bookkeeping or simply want to save your time and money? We all know that bookkeeping takes a lot of work and requires a lot of time to manage bookkeepers, who inevitably make...
April 03, 2020
Charles Lutwidge
Review of inDinero
Learn How Bookstime Is Different Before you start using inDinero, you might want to pay close attention to inDinero reviews such as this one because this solution will directly affect the two things you can’t afford to compromise in your business-...
April 03, 2020
Charles Lutwidge
Indirect Cost: Definition and Calcalation
The concept of indirect costs is international. Indirect costs are understood as costs that are impossible or economically impractical to attribute directly to the cost of a particular type of product, activity, service, grant, project, or contract. These are all...
