Even if you’re not tech-savvy, QuickBooks Online’s user-friendly interface makes it easy to navigate and understand. Its intuitive design guides you through tasks effortlessly, allowing you to focus on your bookkeeping work rather than grappling with complex software. You can also receive QuickBooks certification, which can give you a competitive edge since QuickBooks is one […]
Category Archives: Bookkeeping
Account balances are also shown on billing statements for credit cards, utilities, and loans. In the company’s balance sheet, ABC Co. reports various account balances. As per accounting standards, ABC Co. categorizes those balances under three headings. Related AccountingTools Courses Your account total balance is the previous day’s ending balance, given all fully processed transactions. […]
You have the freedom to choose how you operate, which projects you take on, and how you deliver your services. This level of independence allows you to shape your career and work on your own terms, giving you a sense of empowerment and ownership over your work. As a freelance accountant, your clients will be […]
For over 50 years, Fordham & Co LLP has been providing accounting and other services to both businesses and individuals in Washington County and the Greater Portland area. Our firm understands the nuances of the ever-changing world of accounting and is here to assist in a wide variety of issues faced every day. We value […]
CSV is also a good choice when you need to perform data analysis or reporting, as it is easy to work with and can be easily imported into a variety of applications. CSV files are often used for data analysis, reporting, and data exchange between different systems or applications. They are also commonly used for […]
If no accounts receivable ledger is maintained, then all transactions will be recorded on the general ledger. Again, it’s important that the total balance of the subsidiary ledger correlates to the accounts receivable balance in the general ledger. Though keeping an accounts receivable subsidiary ledger in addition to a general ledger requires more work and […]
A mobile phone manufacturer has sold 50,000 units of its latest product offering in the first half of the fiscal year. The selling price per unit is $100, incurring variable manufacturing costs of $30 and variable selling/administrative expenses of $10. As a result, the contribution margin for each product sold is $60, or a total […]
RSMeans Data Online is an industry-standard database for construction cost data. It’s ideal for estimators who need access to up-to-date material, labor, and equipment pricing by region or project type. Rather than a full project management tool, RSMeans focuses on delivering trusted data that enhances accuracy across estimating workflows. Houzz Pro is a sleek, all-in-one […]
Due to the lack of automation and robust tracking mechanisms, treasury professionals often spend considerable time tracking cash transactions. They do so by manually reconciling the expected cash transactions with the bank statements, which often leads to inaccurate results, a lack of cash visibility, and decreased productivity. When operating activities cash flow is analyzed using […]
Liquidity ratios are a crucial part of your financial reports, and banks take them very seriously. They help assess your ability to settle short-term liabilities without needing additional cash inflows. Profitability metrics are a crucial part of your financial reports, reflecting your business’s ability to generate earnings and manage expenses effectively. Ratio analysis compares line-item […]