Bookkeeping

If you didn’t receive an email don’t forgot to check your spam folder, otherwise contact support. You can check out our comparison table to see how Wave compares against the top accountancy providers, too. Some of the links on our site are from our partners who...

The balance in the petty cash account is now $300, which is where it was originally authorized to be. To learn more about how to use a petty cash fund, check out the Accounting Coach website. The size of petty cash depends on the transactions that each organization has. A...

Real estate, though, is less liquid — selling for cash is time-consuming and sometimes difficult, depending on the market. Additionally, it doesn’t completely prevent accounting errors from being made. Even when the balance sheet balances itself out, there is still a...

Discounting is the procedure used to calculate the present value of an individual payment or a series of payments that will be received in the future based on an assumed interest rate or return on investment. The company would be receiving a stream of four cash flows that are...

It’s a good way to close your books quickly, since you don’t have to compile actual manufacturing overhead costs when you get to the end of the period. Keep reading to learn about how to find the predetermined overhead rate and what this means. You and the other managers at...

The enhancements our team made to our on-boarding flow enabled a 38% increase in debit card first time users during the first quarter. First, we are carrying lower merchant receivables after tightening originations last year. Second, we have had lower revenue share on our...

Make sure there’s more money coming in than going out, but look for ways to improve those inflows. Cash flow statements provide valuable insights into a company’s finances. Investing cash flow is money you spend on fixed assets like equipment. Cash flow is the money that...

They have a more thorough understanding of tax code than an individual operating solely with a PTIN or an Annual Filing Season Program participant who provides their services on a volunteer basis. Consider the complexity of your tax return and what level of expertise you’ll...

The federal marginal tax rate is the federal income tax rate owed on your highest dollar of income. For example, if your income falls into the 24% tax bracket, your federal marginal tax rate is 24%. If your income pushes you into a higher tax bracket, your marginal tax rate...

This is especially true for people who are creatives at heart and didn’t start their business to spend hours on the phone with accountants and poring over spreadsheets. As a creative person who spends most of their time working on designs, colors, textures, and other...