by Patricia | Dic 12, 2024 | Bookkeeping
Most construction companies have crews working on the field, so it is important to have a mobile app that allows them to record their activity anywhere from their smartphone. I checked whether the provider offers essential customer support options, like phone, live...
by Patricia | Nov 7, 2024 | Bookkeeping
Keep in mind that your financial statements are only as accurate as the data you enter. To record the sale in your books, debit the cash account $100 and credit the sales account for the same amount. Remember that a single transaction results in at least two journal...
by Patricia | Jun 11, 2024 | Bookkeeping
In California that year, 47% of recipients took the full maximum 26 weeks of jobless benefits. Sacramento collects unemployment insurance taxes on the first $7,000 of wages per employee per year. Traub noted that most other states have a significantly higher taxable...
by Patricia | Jun 7, 2024 | Bookkeeping
Permanent accounts represent the performance of an entity for the life of an entity. The closing of income statement temporary accounts which is not a temporary account indeed is similar for all categories. Once reconciled, the ending balances are shifted from the...
by Patricia | May 14, 2024 | Bookkeeping
Lenders use the TIE ratio as part of their credit analysis to assess a company’s creditworthiness. A higher TIE ratio generally indicates a lower credit risk, which may result in more favorable lending terms and conditions for the borrower. Capital-intensive...
by Patricia | Feb 29, 2024 | Bookkeeping
Simply put, this will allow you to calculate the amount of revenue that you think the company is going to be able to generate over the coming period. When a company is new, there are a lot of unknowns, from the actual product roadmap itself, to the most effective...
