Category: Bookkeeping

Businesses need to prepare a statement of retained earnings for both internal decision making and for the dissemination of information to external interested parties. Retained earnings appear under the shareholder’s equity section on the liability side of the balance sheet, and often companies will show this as a separate line item. At 100,000 shares, the… Continue reading Statement Of Retained Earnings Examples Definition, Examples

You can even record liabilities and manage their periodic payments, ensuring a consolidated picture of your true net worth. Track any investment with commitments, drawdowns, distributions, recallable with cost / tax basis adjustments. If you’re looking to consolidate investment data, manage accounting and store your documents all on one platform, the Asset Vantage platform is… Continue reading Family Office Software Accounting and Investment Data

In some cases, the issuing bank may specify an expiration date on the check itself. The only exception to stale-dating may be a certified check, which must be honored, even after 180 days. At a recent seminar I believe that I was told that under new UCC rules that there is no such thing as… Continue reading The bank credit union refused to cash a check because it was more than six months old Is this allowed?

A successful partnership can give a new business more opportunities to succeed, but a poorly-thought out one can cause mismanagement and disagreements. In a general partnership, all parties share legal and financial liability equally. The individuals are personally responsible for the debts the partnership takes on. The specifics of profit sharing should be laid out… Continue reading Vacancy Senior Partnerships Advisor

In Avoiding the Cash Trap, we identify seven principles to help do exactly that. However, new businesses and companies growing very fast that has a significant need for cash to fund their business operations are at risk of falling into a cash trap if they do not manage their cash flow effectively. The usual monetary… Continue reading How can investors avoid falling into the Cash Trap? J P. Morgan Asset Management

Consolidate, automate, and control company expenses, bills, and corporate cards in one place. Rippling Spend removes the need for multiple systems, automates manual reconciliation, and provides control over company spend. Simplify closing the books and gain clear visibility over all expenditures. Multiview Financials’ ERP provides a single point of truth within your organization, enabling visibility… Continue reading Quickbooks Online Vs Desktop

You can even scan and store receipts and track mileage through the mobile app. This allows you to keep track of any potential tax deductions and store all the information in one place. Once you’ve decided QuickBooks is the accounting solution for your business, you have a few more decisions to make—namely, should you use… Continue reading QuickBooks® Online Pricing & Free Trial official Site

Automated AP systems can easily identify opportunities for early payment discounts. Companies can leverage these discounts to reduce costs and improve their AP turnover ratio by paying quickly and more efficiently. The ratio does not account for qualitative aspects like the quality of the supplier relationship or the nature of goods and services received. Strong… Continue reading What Is Accounts Payable AP Turnover Ratio?

Bookkeeping franchises are a type of franchise business that provides bookkeeping services to small and medium-sized businesses. The franchisor provides the franchisee with a proven business model, brand name, ongoing support, training, marketing, and other benefits in exchange for an upfront fee and ongoing royalties. After starting with $200, 2 computers and a fax machine… Continue reading Bookkeeping Franchises: A Comprehensive Guide to Starting Your Own Business Huskey Practice Manager Blog

You will need access to spreadsheet software (Excel, Google Sheets, Numbers or the equivalent) for some activities in this course. A candidate must pass all parts of the CB exam to successfully complete the credential’s exam requirements. NACPB exams occur online and must be scheduled at least one or two business days before the exam… Continue reading Home American Institute of Professional Bookkeepers