Bookkeeping

A Profit and Loss Statement is one of the fundamental financial statements that reveal your business’ revenues and expenses within a certain accounting period. In addition […]

If the company is a Delaware LLC and it was formed in 2019 or earlier, then the deadline of June 1, 2020 applies, regardless of where […]

The accounting procedure for dealing with treasury stock is very important to understand. When treasury stock is repurchased from investors it has the effect of reducing […]

If the inventory still has some fair market value, but its fair market value is found to be less than its book value, it will be […]

Reconciling your accounts is a critical accounting function in your business and one that should be completed regularly. Although it’s relatively easy to undo reconciliation in […]

This metric helps evaluate the effectiveness of credit and collection policies, as well as customer payment habits. A lower DSO indicates a faster collection of receivables, […]

We’ve all been there — you’re sitting in a meeting and someone asks you how long it’s going to take to make back your investment in […]

For more information and information on how to access the free QuickBooks Online Accountant platform please visit here. But their impact could be even bigger, as […]

You likely won’t have the same exact accounts as the business next door—that’s one key reason we recommend meeting with a CPA to set up an […]