Which Receipts Should I Keep for Taxes?
A legible digital image of a receipt qualifies as a receipt with the IRS and should work just as well for your own files. In fact, a snapshot of the receipt can be far more durable than an actual paper receipt, since it won’t fade over time and no one https://www.bookstime.com/articles/how-to-calculate-marginal-cost will spill coffee on […]
Outsourcing Payroll Top Reasons to Outsource Your Payroll
She offers developmental editing, copy editing, line editing proofreading and simple formatting services to self-published and traditionally published authors. Every payroll outsourcing partner provides a different suite of features, so it’s important to research and compare several options until you find the solution that best meets your company’s needs. Payroll providers can also handle payroll taxes […]
Double Declining Balance Method: Formula & Free Template
Unlike straight line depreciation, which stays consistent throughout the useful life of the asset, double declining balance depreciation is high the first year, and decreases each subsequent year. The depreciation expense recorded under the double declining method is calculated by multiplying the accelerated rate, 36.0% by the beginning PP&E balance in each period. With our […]
Equity Formula Definition How to Calculate Total Equity?
In 2018, Company PQR’s total assets would be $17.8 million, while its accrued liabilities would be $5.6 million. By subtracting the company’s obligations from its assets for that fiscal year, the shareholders equity will be determined. It is possible to determine a company’s shareholders’ equity by deducting its total liabilities from its total assets, both […]
Accounts Payable Turnover Ratio Formula, Example, Interpretation
If a company’s accounts payable balance grows, the company’s cash flow increases (and vice versa) — albeit, the obligation to pay in-full using cash is mandatory. The first step to calculate the accounts payable on the balance sheet is to determine the opening AP balance at the start of the period (or ending balance in […]
Accounting Consultant Meaning, Role, Pros & Cons of Hiring
Their professionalism is key to earning and maintaining the trust of their clients. They work closely with businesses to set realistic financial goals, optimize the use of resources, and develop strategic plans for future financial activities. These insights enable organizations to make informed decisions and bolster their financial health. If you’ve not yet earned your […]
Backlog vs Bookings vs Billing: Why Track These Metrics
Sales reports can provide a lot of information that can help you understand and optimize your sales processes. Furthermore, making decisions based on data is usually more effective than guessing. Bookings, on the other hand, provide a more immediate picture of a company’s sales performance. Start by adding together the value of any existing subscription […]