Category: Bookkeeping

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  • How to Do Accounting for Your Construction Business 8 Steps

    You want a platform that fits your overall budget and provides as much value without needing to upgrade with other subscriptions or customized solutions. CoConstruct is your partner in managing unlimited construction projects with its four-part software platform. The platform starts with preconstruction details that include a cost catalog, lead management and a section for…

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  • The 10 Best Bookkeeping Franchise Businesses in USA for 2024

    So you can deduct the initial and ongoing franchise fees from your tax return. All digitized business cards are stored in a central cloud-based database, making contact information accessible anywhere. Shoeboxed has a mileage tracking feature that logs business trips so franchisers can claim mileage deductions. The platform provides a clear audit trail, ensuring all…

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  • The Best Accounting Software for Small Businesses in 2024

    QuickBooks Online and some other small business accounting software include time and expense tracking and project management accounting. They are also integrated with many third-party apps to expand basic functionality. Tipalti is AI-driven, add-on cloud-based software that integrates with your ERP (enterprise resource planning) or accounting software to automate financial processes. Recently, medium business accounting…

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  • 7 Best Cloud Accounting Software For Medium-Sized Business

    Xero is one of the most popular accounting software for small businesses, offering all the features you’d need. Beyond its core accounting capabilities, Xero offers an elevated experience for its record-keeping features. For example, it offers a document storage tool that allows you to drag and drop, upload or email documents to the platform, then…

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  • The first step in the accounting cycle is to identify your business’s transactions, such as vendor payments, sales, and purchases. It’s helpful to also note some other details to make it easier to categorize transactions. Accuracy is critical because you’ll use the financial information generated by the accounting rate of return ratio cycle to analyze…

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  • Basic Accounting Principles: How to Stay GAAP Compliant

    Once the product has shipped to the client, it will be transferred to the revenue account. Suppose a company ships its goods amounting to ₹10,000 to its customer on the credit of 30 days. The company will realise the same as soon as the goods have been shipped even though it will receive the amount…

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  • Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He…

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  • Key Financial Ratios to Analyze Retail Banks

    Banks operate on storing customer deposits and lending money out from those deposits. As such, they earn income from the difference between the interest they earn on lending and the cost of storing customer deposits. This fundamental difference in operations results in the difference of a bank’s financial statements from those of nonfinancial entities. The…

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