December 05, 2022Charles Lutwidge
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..
December 02, 2022Charles Lutwidge
Definition Companies have two options for acquiring assets: using its own capital, or borrowing funds from a third party. The balance between assets owned and borrowed has implications for the company’s financial future and level of risk. It is worth becoming..
November 29, 2022Charles Lutwidge
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..
November 22, 2022Charles Lutwidge
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..
November 21, 2022Charles Lutwidge
Definition and formula Business owners need to know what they own and what they are owed. In order to manage their assets, business owners must learn a hard truth: that what they own (and are owed) tends to depreciate over the..
November 10, 2022Charles Lutwidge
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..
November 04, 2022Charles Lutwidge
Liabilities Definition Virtually every business deals with liabilities, or items that it owes or has borrowed. According to the exhaustive definition, liabilities represent probable future sacrifices of economic benefits arising from present obligations of a particular entity to transfer assets or..
November 03, 2022Charles Lutwidge
October 28, 2022Charles Lutwidge
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..