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...
by Patricia | Feb 26, 2024 | Bookkeeping
AI makes vendor management better by streamlining onboarding and analyzing ai accounts payable supplier performance. AI technology is changing vendor management by making processes more efficient, like in supplier onboarding and assessments. Artificial intelligence...
by Patricia | Feb 5, 2024 | Bookkeeping
It simplifies financial management, offering real-time data access and boosting transparency and teamwork. An expert accounting virtual assistant can guide you using cloud-based platforms, easing the financial management process and helping team members adapt to this...
by Patricia | Dic 26, 2023 | Bookkeeping
EAs, who are federally licensed, tend to offer slightly lower rates while still providing high-quality service. Non-certified preparers might offer the most affordable option, but they could lack the expertise necessary for handling complex tax situations. A general...
