Content Common pricing strategies for accounting firms Hourly Pricing (Freelance) Valued-based pricing Project Fees Simple, straightforward pricing for everything your business needs. National Association of Certified Public Bookkeepers (NACPB) Remember, you’re also competing against remote bookkeeping firms, although many business owners are still reluctant to turn their financial information over to anyone other than a […]
Category Archives: Bookkeeping
Content Opportunity Costs Is Depreciation A Relevant Cost? Is Depreciation A Relevant Or Irrelevant Cost? Similarities Between Relevant And Irrelevant Cost: How To Budget For Capex & Operating Costs Describe Sunk Costs Are There Circumstances In Which Sunk Costs Common costs can be ignored for the purposes of decision making. A sunk cost is one […]
Content Is Prepaid Rent An Asset? Accountingtools How To Calculate Current Assets? In the case of bonds, for them to be a current asset they must have a maturity of less than a year; in the case of marketable equity, it is a current asset if it current assets will be sold or traded within […]
Content Disadvantages Or Limitations Of Budgetary Control Advantages Of Budgetary Control Objectives Of Demand Forecasting Recording Actual Performance Dangers In Budgeting Define And Implement Budgetary Control Parameters How To Calculate And Control Budget Variances Utmost care should be taken while developing the budgets. The factors affecting the planning should be studied carefully and budgets should […]
Content Choosing A Time Frame For Your Income Statement How To Create A Profit And Loss Statement See Advice Specific To Your Business How Do Net Income And Operating Cash Flow Differ? Compare Accounts There’s no difference between an income statement and a P&L statement—the two are the same thing. Income statements are also referred […]
Content Example: Calculating The Purchase Price For A Bond With Accrued Interest Formula A Bond’s Path Over Time Understanding Bond Pricing Determining Future Value The flat price is what is listed in bond tables for prices. The accrued interest must be calculated according to the above formula. Note that the bond price steadily increases each […]
Content What is the Selling and Administrative Expense Budget? Business in Action 9.2 10. Selling and Administrative Expense Budget AccountingTools A modern guide to general and administrative expenses SG&A includes almost every business expense that isn’t included in the cost of goods sold . On the income statement, COGS is deducted from the net revenue […]
Content Breaking Down The Balance Sheet Current Liabilities On The Balance Sheet Preparing Statements Financial Statements 101: How To Read And Use Your Balance Sheet What Is A Balance Sheet And How Do You Prepare One? A balance sheet is one of the key financial statements used for accounting and it’s divided into two sides. […]
Content How to calculate your cash flow forecast: Communicating With Investors: Best Practices for Startups What Is the Difference Between Direct and Indirect Cash Flow Statements? How to Determine Changes in Operating Working Capital Determining Net Cash Flow from Operating Activities (Indirect Method) Example of Cash Flow from Assets Join over 140,000 fellow entrepreneurs who […]
Content A Growing Percentage of Americans Have Zero Income Tax Liability Tax Credit definition: What are Tax Credits and how do they affect your refunds? Qualifying for the Child Tax Credit Sen. Romney’s Child Tax Reform Proposal Aims to Expand the Social Safety Net and Simplify Tax Credits Share of Taxpayers with Children Receiving the […]