Category Archives: Bookkeeping

Journal Entries


Assets increase with a debit, so accumulated depreciation is increased with a credit (opposite). The amount of insurance that was incurred/used up/expired during the period of time appearing in the heading of the income statement. The amount of insurance premiums that have not yet expired should be reported in the current […]

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HR BPO & Payroll Outsourcing Solutions


In addition, they’ve got a dedicated customer service team to answer all of your payroll processing questions and needs. When you are trying to outsource processing payroll, Paychex is one of the largest payroll software companies responsible for the payroll services for 8% of U.S. private-sector workers. However, they say […]

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Inventory Turnover Ratio: What It Is, How It Works, and Formula


Understanding how your business stacks up against others in your industry may be helpful to understand your business performance. What is a good inventory turnover ratio for your business and industry may be completely different from that of another. You will need to choose a time frame to measure the […]

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Export data from QBO and import into Wave


With this release, we’re waving bye to bugs and hello to stability improvements. Thanks for using Wave to help you stay more in control of your business while on-the-go. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this […]

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What a Good Debt to Asset Ratio Is and How to Calculate It


For companies with low debt to asset ratios, such as 0% to 30%, the main advantage is that they would incur less interest expense and also have greater strategic flexibility. If hypothetically liquidated, a company with more assets than debt could still pay off its financial obligations using the proceeds […]

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Debt to Equity Ratio Explained


The debt-equity ratio can be a valuable tool for evaluating a company’s financial standing, but it’s important to use other metrics as well to get the clearest picture possible. The debt-to-equity ratio does not consider the company’s cash flow, reliability of revenue, or the cost of borrowing money. The debt-to-equity […]

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Best Church Accounting Software 2024


Users appreciate the software’s ability to track income, expenses, and donations and generate financial statements. Aplos’ software pricing scales as your church grows, meaning you won’t overpay in your church’s infancy or outgrow the platform as your church matures. An Advanced accounting option for larger churches is available starting at […]

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3 1: The Operating Cycle Business LibreTexts


The operating cycle formula provides you with valuable insights into the efficiency of your cash conversion process. We’ll explore the formula and its basic concepts, as well as provide practical examples to help you grasp this critical aspect of your business. The post-closing trial balance is prepared after the closing […]

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QuickBooks Online Subscription Levels 2024


We’ve ranked the best self-employed accounting software, and QuickBooks is at the top. But with the right accounting or invoicing software for small businesses, filing tax information can be a simple and streamlined process. QuickBooks makes this process even easier thanks to a huge range of integrations and plug-ins you […]

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9 Best Online Bookkeeping Services 2024


Our easy-to-use online accounting services for small businesses allow you to conveniently contact us, view important statements, and take advantage of valuable financial insights anytime. We work around your schedule so you can concentrate on growing your business. As a QuickBooks ProAdvisor, Mark has extensive knowledge of QuickBooks products, allowing him […]

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