Categoria: Bookkeeping

You set your own rules about which expenses can be reimbursed and how much the petty cash account can cover. Initially, you may need to adjust the petty cash fund amount you’ve selected as a cap; over time, you’ll figure out the best level to set it at. Whatever you decide, it’s important that only…

We’ll now move on to a modeling exercise, which you can access by filling out the form below. Deskera is an all-in-one software that can overall help with your business to bring in more leads, manage customers and generate more revenue. The fourth year depreciation will be $20,000 (2/15 of $150,000), and the fifth year…

Companies typically will use their short-term assets or current assets such as cash to pay them. Current liabilities of a company consist of short-term financial obligations that are typically due within one year. Current liabilities could also be based on a company’s operating cycle, which is the time it takes to buy inventory and convert…

For example, you might complete the Intuit Bookkeeping Professional Certificate or several other bookkeeping courses offered by universities and companies on Coursera. Those baby steps can help you manage your organization on a new and improved system. Small steps also give everyone time to familiarize themselves with the new bookkeeping software. If you opt to…

The CFF is important to investors because it shows how a company is funding its operations and growth. A company with positive cash flow from financing activities is in good financial health. Cash Flow from Financing Activities (CFF) is an essential component in assessing a company’s financial health, as it measures the net inflows and…

The latest real estate investing content delivered straight to your inbox. Cost Savings – Hourly bookkeeping fees can add up, while many AI tools either cost nothing or far less through monthly subscriptions often paid back manifold via increased write-offs. By contrast, Stessa updates the value of a property by periodically marking the price to…

When managing payroll for a nonprofit, bookkeepers must administer federal and state taxes, deduct money for employee benefits, and determine how funds are affected. As a nonprofit bookkeeper, you’re responsible for entering cash and in-kind donations, grants, membership payments, etc. Fund accounts make creating budgets easier by providing more details on where the money comes…

Scott Reid CPAs is a Minneapolis CPA firm offering accounting, tax, and business advisory services to clients throughout the Twin Cities. We get to know you personally so we really understand your business and personal financial goals. With our timely advice and expert guidance, you’ll feel confident you can make informed financial decisions that will ensure your…