Kategori: Bookkeeping

It is a way of measuring potential risks against the expected return on investment. Decision-makers use this to analyze investments of equipment to expansions and takeovers. For smaller companies, decision-makers often take on multiple financial roles. More broadly speaking, capital budgeting increases visibility into the financial performance of the company. An organization implementing capital budgeting […]

This should concisely reflect your core values and the change you aim to create. Develop, analyze and apply your organization’s budgets with expert help from the nonprofit financial professionals at Jitasa. With these features in mind, let’s dive deeper into the two sides of your nonprofit’s operating budget. Analyzing income and expenses Another step in […]

CPAs also must pass the Uniform CPA Exam, which tests their knowledge of accounting and tax laws. Connect with advisors with years of experience who offer a wide range of wealth management services. You wouldn’t want to work with anyone without having asked them at least a few basic questions about their process and how […]

This includes everything from materials and equipment to subcontractor payments and travel expenses. Accurately tracking these expenses is essential for maintaining a healthy bottom line. A well-designed chart of accounts can help construction companies track expenses and revenue more accurately, which is essential for effective job costing. This accounting method is particularly useful for large […]

Once the entries are assigned to the correct accounts, you can post them to the general ledger to get a bird’s-eye view of your current cash status. Most accounting software does this for you, so you don’t need to worry about an extra step. Luckily, with simple bookkeeping tips in this article, you can streamline […]

These kinds of steps can give you peace of mind and help ensure you avoid any costly slip-ups. Yes, external accountants can see the “big picture” outside of your focused scope, helping you spot red flags or notify you about an incoming issue you may not have realised. They have industry expertise that can help […]

Managing multiple projects, tracking budgets, and ensuring profitability while staying compliant with IRS regulations adds complexity to the financial side of running an architectural practice. Before going to the final indirect expense component, it is appropriate to refer back to the example income statement and numbers therein. As diagrammed, direct and indirect labor are the […]

To save on costs and add efficiency to your business, consider video conferencing, a cloud phone system, and having remote employees. If you decide to grow your business or sell to consumers, you’ll need to transition to the accrual method to meet generally accepted accounting principles (GAAP). This can be challenging if you’ve operated under […]

Audit trails show all changes within the software, who made them and when they were made to help accountants track down errors or unauthorized entries. You can also connect your bank account and credit cards to your FreshBooks account to automatically track your expenses. Plus, use bank reconciliation to ensure your accounts are accurate and […]

The Plus and Premium plans are $7.50 and $13.75 per month, respectively, during the same time frame. This is ample time to see if the platform meets your business needs and will perform the functions you desire. These include financial statements, sales tax reports, accounts payable and accounts receivable reports, and a trial balance sheet. […]