It’s important to keep this chart current and accurate as it serves as the foundation for all your bookkeeping activities. To ensure accurate financial statements and smooth operations, it is necessary to perform regular bookkeeping activities such as reconciling bank accounts and managing inventory as a sole trader. This produces reliable information about your company’s […]
Archivos de Categoría: Bookkeeping
Alibaba is one of the biggest global B2B marketplaces serving businesses all over the world – you need to order products in bulk but the price per unit tend be incredibly low. Be sure to also compare your preferred suppliers with other competitors and marketplaces – it could help you negotiate an even better price. […]
Martin loves entrepreneurship and has helped dozens of entrepreneurs by validating the business idea, finding scalable customer acquisition channels, and building a data-driven organization. During his time working in investment banking, tech startups, and industry-leading companies he gained extensive knowledge in using different software tools to optimize business processes. Throughput cost accounting aims to improve […]
As long as a company continues to thrive and your portfolio is well balanced, reinvesting dividends will benefit you more than taking the cash will. But when a company is struggling or when your portfolio becomes unbalanced, taking the cash and investing the money elsewhere may make more sense. The stock price is now $22, […]
On the other hand, the allowance method accrues an estimate that gets continually revised. When a company makes a credit sale, it books a credit to revenue and a debit to an account receivable. The problem with this accounts receivable balance is there is no guarantee the company will collect the payment. For many different […]
They’ll guide you through your online accounting software, make sure you stay on top of deadlines, and help you with support and advice on dealing with HMRC. accountant for freelancers We’re online, so you’ll always be able to get hold of us; no appointments, no fuss. From the team that built the UK’s largest contractor […]
A company that pays its taxes monthly or quarterly must make adjustments during the periods that produced an income statement. Tax provisions are considered current tax liabilities for the purpose of accounting because they are amounts earmarked for taxes to be paid in the current year. Although the basic definition sounds simple, what’s not always […]