Bookkeeping

A high interest coverage ratio indicates that the company can easily generate sufficient profit to pay interest on its outstanding debt. If the financial leverage is positive, the finance manager can try to increase the debt to enhance benefits to shareholders. Mary uses $500,000 of her cash to purchase 40 acres of land with a […]

Intuit QuickBooks has been pushing its online products, so switching from QuickBooks Online to Desktop isn’t as easy, but it is possible. Go to the Settings gear icon and click “Export Data.” Then, select your reason for leaving. Learn More.” This will guide you through exporting your data and creating a backup company file. With

We’ve heard almost every question, myth, and outrageous rumor you can think of when it comes to international tax outsourcing. After answering thousands of questions throughout the years, we thought it was time to set the record straight and separate the myths and facts of international tax outsourcing. We bring you significant cost-saving along with

Obviously, that makes your chart of accounts essential to a host of different people and groups, from your decision-makers and stakeholders to potential investors and lenders. But just because it’s important doesn’t mean it’s intuitive or straightforward, at least without true expertise guiding the way. Cost of Goods Sold, or COGS, represents the total expense

Making a mistake at this stage can mean losing valuable time and money even before you get started. But, there are a few things to keep in mind when looking for your first website to flip. Finally, there’s good demand for good websites that generate income. Unfortunately, these kinds of websites are getting harder and

Since technology is not going anywhere and does more good than harm, adapting is the best course of action. We plan to cover the PreK-12 and Higher Education EdTech sectors and provide our readers with the latest news and opinion on the subject. From time to time, I will invite other voices to weigh in

Therefore, the accountant will record them as expenses for the reporting period (March). It’s prudent to cover six months’ worth of expenses minimum upfront; this financial cushion will support you in your business’s early stages when your profit margins might be slim. The cost of starting a small business depends on the type and size

The variance is unfavorable because more materials were used than the standard quantity allowed to complete the job. If the standard quantity allowed had exceeded the quantity actually used, the materials usage variance would have been favorable. We have demonstrated how important it is for managers to be aware not only of the cost of

Meanwhile, the crooks are trying to find him so they can get their money back. Reading this article totally jogged my memory about the movie “Blank Check.” I remember it came out in the ’90s and a kid ended up with a blank check that was part of a money laundering scheme. Ask a question

Fixed costs are generally easier to plan, manage, and budget for than variable costs. However, as a business owner, it is crucial to monitor and understand how both fixed and variable costs impact your business as they determine the price level of your goods and services. Operating leverage measures a company’s combination of variable and