Bookkeeping

The work performed by accountants is at the heart of modern financial markets. Without accounting, investors would be unable to rely on timely or accurate financial information, and companies’ executives would lack the transparency needed to manage risks or plan projects. Regulators also rely on accountants for critical functions such as providing auditors’ opinions on […]

POS stands for point-of-sale, and these systems will be used for taking orders, accepting payments, tracking inventory, clocking in and out, and more. The best restaurant POS software gives you the power to connect the front and back of house and your back office while freeing you up to take care restaurant payroll of your

If there are receipts recorded in the internal register and missing in the bank statement, add the transactions to the bank statement. Consequently, any transactions recorded in the bank statement and missing in the cash register should be added to the register. Conversely, identify any charges appearing in the bank statement but that have not

The key to tracking functional expenses is setting up processes and being disciplined with your bookkeeping. Allocating expenses is dividing overhead costs between all of the functions that are indirectly related to that cost. The square footage allocation example we used above is one common example of functional expense allocation. Natural expenses are categorized by

Things can happen beyond your control to destabilize your cash flow, such as bad weather conditions or a piece of equipment breaking down. You need to have accurate bookkeeping not just for the sake of taxes and potential audits, but to monitor your cash flow and ensure you’re being compliant and profitable. The main benefit

It is crucial to note that how a balance sheet is formatted differs depending on where the company or organization is based. As you can see, it starts with current assets, then the noncurrent, and the total of both. Like assets, liabilities can be classified as either current or noncurrent liabilities. Noncurrent assets include tangible

In this article, we’ll go over the ins and outs of reconciliation, and a step-by-step guide on how to reconcile on Quickbooks. You’ll want to look at your statement, starting with the first transaction listed and find that same transaction in the Reconciliation window in QuickBooks. If an error cannot be properly explained or reconciled,

Sage 50 is desktop accounting software aimed at small to medium-sized businesses. It includes features such as payroll and job costing, along with various other accounting features. Imagine a single agency management software to track time, manage production, plan, buy and manage media, capture all expenses and financial information and see everything happening across your

How much time off an employee gets per year depends entirely on the company’s PTO policy, but some employers give more tenured individuals more days off per year to reward them for their loyalty. Calculating PTO and vacation accruals for hourly employees is more complex than for salary employees. That’s because PTO accrues (is earned)

Thus, it can be assumed that the high improvement rate in back pain in the control group is also due to the participants’ good health insurance risk profiles. Good insurance risks are known to take care of their own health and believe in self-efficacy [87, 88]. The favourable effect of the investigated MBR might be