When the bond matures, the discount will be zero and the bond’s carrying value will be the same as its principal amount. The discount amortized for the last payment may be slightly Valuing Bonds Payable different based on rounding. See Table 1 for interest expense calculated using the straight‐line method of amortization and carrying value […]Continue reading
Bookkeeping
Gross Profit vs Gross Margin Definition and Key Differences
When requesting a loan or line of credit from a bank, these numbers are key determinants of your store’s ability to repay. A company’s management can use its net profit margin to find inefficiencies and see whether its current business model is working. With Tesla margins now more like a traditional automaker, and with growth […]Continue reading
Thoughts on Hubdoc
Content Xero Training Products Helping you simplify your workflow and go paperless People who viewed Hubdoc also visited Hubdoc Awards In QBO, for example, like ReceiptBank, they will arrive in the Bank Feed as a Match, with a copy of the receipt attached to the transaction. Hubdoc allows you to upload bills and receipts using […]Continue reading
Xero Accounting Integration With Ekos Craft Beverage Software
Content Xero Expenses How Does The Joiin Xero App Work? Easy User Reviewsof Xero Xero Accounting Software Early Activities In Xero What Do Verified Users Say About Xero Ekos is syncing all of this into your Xero account, creating a seamless user experience for all your teams. Creating automated accounting processes, the Xero integration with […]Continue reading
6 Inspiring Customer Success Stories of Focus, Loyalty, and Teamwork
And this desire for trust has only been amplified during the pandemic. Turning a case study into a customer success story is done through a meticulous and investigative process. I’ve attached a few examples of previous success stories to get a feel for the final product. We also conduct a social media campaign so you […]Continue reading
Bookkeeper Job Description: Templates for Hiring at Your Business
On the downside, outsourcing accounting for your restaurant could lead to communication lapses, especially if they’re in a different time zone or city. You’ll also give them your financial information, trust their financial decisions, and might have to pay a higher price upfront. Ensure that you keep all https://www.bookstime.com/ receipts and invoices organized and record […]Continue reading
Solvency Vs Liquidity
Content Using The Liquidity Ratio The Ideal Quick Ratio Examples Of Liquidity Ratios Ratios Solvency Ratio Formula Debt What Solvency Is In A Business A low debt-to-equity ratio means you have lots of equity to balance out your liabilities. This is generally a good thing — it means your business has little risk of becoming […]Continue reading
Financial Ratio Analysis: Definition, Types, Examples, and How to Use
They may also make financial ratios a part of your business loan agreement. For instance, they may require that you keep your equity above a certain percentage of your debt, or your current assets above a certain percentage of your current liabilities. Some of the important efficiency ratios include the asset turnover ratio, inventory turnover, […]Continue reading
How Much Should Accounting Cost a Small Business? Costs & Averages
Content What’s the True Cost of Doing Your Bookkeeping In-House? How Much Does it Cost to Outsource Bookkeeping? Full Charge Bookkeeper vs Outsourced Bookkeeping Part-Time Bookkeeping Cost Basic Bookkeeping Costs Per Month and Year They generally do all data entry into accounting ledgers or software. So you’ve concluded you can’t afford your own hourly rate […]Continue reading
How to Start Your Own Bookkeeping Business: Essential Tips
The template subtracts payments to show a running balance for each line item and displays the total amount due to all vendors at the top of the spreadsheet. This template includes a ledger for tracking customer payments and an accounts receivable aging tab to track outstanding payments. The template automatically populates the accounts receivable aging […]Continue reading