Whether you’ve just launched your business or are a startup veteran, the following section is important. These eight steps will introduce you to the accounting process (if you’re not yet familiar with it) and set you up to scale your business in a sustainable way….
If you’re considering a major decision, such as a business merger or a new product launch, creating pro forma statements is important. Pro forma financial statements provide a hypothetical look at how a company would perform based on a set of credible assumptions about one…
GAAP says to include sales tax and installation fees in an asset’s purchase price. Salvage value is an asset’s estimated worth when it’s definition of “capital budgeting practices” no longer of use to your business. Say your carnival business owns an industrial cotton candy machine…
For years, companies have been using open-source projects maintained by the community to speed up the development process while keeping up with the newest technology trends. You had probably heard about React.js, Vue.js, or Django frameworks before and wondered what it was all about. Companies…
The profit and loss statement of your business measures Net Sales and expenses during a specific accounting period. The Net Profit is the difference between your sources of revenue and expenses related to such revenue. If a company made a lot of money but had…
Learn more ways to build a successful enterprise in our complete guide to starting a business. People may be trying to cut down on expenses, but they’re still likely to invest in beauty and self-care products. According to the lipstick effect, people tend to spend…
As you are starting the process of becoming a real estate investor, you need to make sure you are aware of all the decisions you need to be able to make. When making a choice, opportunity cost refers to the value of the best alternative…
Dropshipping may sound like a complicated puzzle, but once you learn how to do it, it’s a smooth process for everyone involved. You, the dropshipping merchant, can do everything remotely and never even touch a single product. This experience is a lot like buying a…
When you bring all these details together to determine how much cash moves in and out of your business and when it happens, you have a cash flow cycle (cash conversion cycle). Businesses that use cash-based accounting are able to easily use the direct method. This is…
She brings with over 15 years of experience in banking and accounting. As a self-proclaimed “bookkeeping nerd,” she is our company go-to for all things QuickBooks Online related. She enjoys working with our clients to help them run their books and their businesses more efficiently….