Category: Bookkeeping

You are really missing out if you are not taking advantage of this application! The ease and speed of recording thousands of transactions, in a way that results in high accuracy via amazing AI and OCR capabilities is invaluable. Lastly, each check or credit card entry is linked to its corresponding receipt or invoice image […]

Understanding these different types of accounts receivable factoring options helps businesses choose the most suitable approach based on their specific needs. Now, let’s delve into how accounts receivable factoring works and the step-by-step process involved. AR factoring doesn’t impact a business’ credit rating or loan interest rate. Providing immediate cash flow helps companies build a […]

Eventually, startups need to turn a profit instead of asking banks or investors for more money. You’ll need to closely monitor your cash burn rate to understand where your money is going and whether you’ll run out too soon. Burn rate is a financial term that illustrates the speed at which a company exhausts its […]

When considering purchasing or selling a bond, investors should compare the carrying value to the market price. If the carrying value is higher than the market price, the bond is trading at a discount, which may present an attractive investment opportunity. Conversely, if the carrying value exceeds the market price, the bond is trading at […]

Note that certain states may have different methods https://www.facebook.com/BooksTimeInc of calculating overtime for piece-rate workers. Certain types of other compensation, such as the following, must be included in overtime calculations. “Is Extra Pay Required For Weekend Or Night Work?”Additional information about overtime pay. Fact Sheet on the Overtime Pay Requirements of the Fair Labor Standards […]

Titled the LIFT the Middle Class Act, or Livable Incomes for Families Today, the measure would have cost at the time an estimated $3 trillion over 10 years. If you have a Wells Fargo checking account, you can use your debit card to access funds in your savings account. When used together with other financial […]

A well-structured budget details how restricted and unrestricted funds will be allocated, ensuring transparency and accountability. Fundraising is already challenging enough, but keeping your organization financially sustainable adds another layer of responsibility. Donors and stakeholders demand transparency in how their contributions are utilized. A thoughtful budget is not restricted to being an operational tool, it’s […]

A bookkeeper reconciles bank statements regularly to ensure your bank account balance matches the cash balance in your ledger. If the amounts in the bank statement and internal records don’t match, you’ll need to find out where the discrepancies are and adjust the entries to ensure they match the bank statements correctly. The success of […]

As we wrap up our comprehensive look into recurring billing, it’s crucial to summarize the insights and lessons recurring billing gleaned. As the prominence of recurring billing grows, so do the questions around its application and benefits. Here, we’ve compiled and answered some of the most frequently asked questions to help you gain a deeper […]

The first set should cover information on the progress milestone met and reflect the total amount authorized for the services. The simplest way to account for retainage is to include two sets of information on your invoices. Note down all the information from your receipts and invoices in case you ever need it. Union rates, […]