Bookkeeping

A bank balance is the ending cash balance appearing on the bank statement for a bank account. The bank balance can also be derived at any time when an inquiry is made regarding the bank’s record of the cash balance in an account. This procedure may (and usually does) require…

Miami Bookkeeping services are essential for businesses of all sizes, ensuring accurate financial records, compliance with tax regulations, and informed decision-making. In Miami, a vibrant hub of economic activity, the demand for reliable bookkeeping services is particularly high. This blog explores the various types of bookkeeping services in Miami, their…

That way, you can make payments quickly and easily, resulting in happy employees. This section clarifies the key differences between QuickBooks Online (QBO) and other popular options, helping you make an informed decision for your business. If you wanted to add on a payroll plan, both plans require you to…

Are you a home builder or construction company looking for reliable bookkeeping services? Thustt provides the most affordable bookkeeping services for home builders. We have vast experience in providing comprehensive bookkeeping and accounting solutions tailored specifically for the construction industry. Our professional accounting staff understands the specific financial requirements of…

The step by step procedure for setting late fee in QuickBooks Online is explained below. QuickBooks starts to calculate the late fees at 12 AM PT and should finish applying them sometime before 7 AM PT. No, QuickBooks won’t automatically email an invoice to customers on your behalf. However, you…

The ratio is calculated by dividing the total liabilities by the total equity. This form is more of a traditional report that is issued by companies. Assets are always present first followed by liabilities and equity. You can work through these steps to build your confidence and understanding for pulling…

A high level of customer satisfaction indicates that a company is providing excellent service to its customers and is effectively managing its accounts receivable. Bad debt expense measures the amount of money that a company law firm accounts receivable management loses due to uncollectible accounts receivable. A lower bad debt…

This means regularly reviewing your cost structure and making changes when necessary. By taking these steps, you can avoid absorption variances and keep your costs under control. Please refer to FSP 30 for more information about reporting a change in accounting principle and the justification of preferability. The cost calculation…