Category: Bookkeeping

She uses various accounting software to set up client information, reconcile business accounts, code expenses, run financial reports, and prepare tax returns. She is also experienced in setting up corporations with the State Corporation Commission and the IRS. However, you must be aware of common bookkeeping mistakes in the real estate industry, such as not… Continue reading How to Start a Bookkeeping Business

“So you may be working really hard for a few weeks, and then you have a much lighter load.” Some roles are busy around tax season, which is the first part of the year leading up to the tax filing deadline of April 15. A company’s fiscal year-end, which can be any time of year,… Continue reading Accounting Explained With Brief History and Modern Job Requirements

For instance, the first option leads to the earnings money going out of the books and accounts of the business forever because dividend payments are irreversible. Retained earnings are important to a company’s balance sheet and can influence its financial decisions. High or negative retained earnings can impact the company’s https://www.kelleysbookkeeping.com/ ability to pay dividends… Continue reading Retained Earnings: Calculation, Formula & Examples

The retained earnings provide a company with a source of funding to fuel growth. To calculate retained earnings, combine the net earnings a company has generated from its profit and loss statement. At the same time, paying cash dividends decreases shareholders’ equity because it affects the how much cash can you withdraw from your bank… Continue reading Retained Earnings in Accounting and What They Can Tell You

While the term may conjure up images of a bunch of suits gathering around a big table to talk about stock prices, it actually does apply to small business owners. There’s almost an unlimited number of ways a company can use retained earnings. All of the other options retain the earnings for use within the… Continue reading Retained Earnings: Calculation, Formula & Examples

The Present Value Calculator is an excellent tool to help you make investment decisions. For example, present value is used extensively when planning for an early retirement because you’ll need to calculate future income and expenses. Net present value (NPV) is the value of your future money in today’s dollars. Present Value Calculator Use this… Continue reading What Is Present Value in Finance, and How Is It Calculated?

For more information on the business concierge services we offer check out our product page and get in touch us through the contact us button. The new investment comes just five months after Zeni finance concierge for startups announced $13.5 million in a combined seed and Series A round. The company has now raised $47.5… Continue reading Financial concierge startup Zeni banks $34M to show SMBs their finances in real time

Explore the ideal timeframe for collecting receivables and understand industry benchmarks. By automating their AR process with HighRadius Autonomous Receivables, businesses can significantly improve their order to cash cycle. While ACP holds significance, it doesn’t provide a complete standalone assessment. It’s essential to compare it with other key performance indicators (KPIs) for a clearer understanding.… Continue reading Average Collection Period Overview, Importance, Formula

The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. Say that five years ago, you dedicated a room in your home to create a home… Continue reading A Beginner’s Guide to Accumulated Depreciation

I use the word currency here rather than money because they mean very different things. But for those interested, currency refers to the “legal tender” in a given country. Whereas “money” can be anything two or more people decide they wish to use and agree has a value. Over the centuries, this has varied from… Continue reading Accrued Rent Accounting Practices for Financial Professionals