Bookkeeping

What that means is we are only depreciating the asset to its salvage value. Business owners do not want to worry about depreciation schedules and various depreciation methods. For a company using this depreciation method, the expense will be higher in the first years of the asset’s useful life and as time goes by, the […]

Once the COGS balance has been established, an adjustment is made to Merchandise Inventory and COGS, and COGS is closed to prepare for the next period. By following these tips, you can choose the right inventory system for your business. Selecting the appropriate inventory system for your business is a crucial decision that can significantly […]

That means that NE will see a hit to its earnings of $10 million and zero impact on the balance sheet. The NE buys a subscription business that continues generating revenue of $10 million for many years. Again, the company expenses the purchase on the income statement without impacting the balance sheet. With the rise […]

Let’s delve into the specifics of canceling and deleting payroll in QuickBooks to streamline your accounting processes. Once in the transaction history, locate the payroll check to be deleted by reviewing the list of transactions. After pinpointing the check, ensure that all related deductions and taxes are also removed. Upon confirmation, proceed with the deletion […]

If you’re a business owner feeling bogged down with bookkeeping and accounting, Bookkeeping Done Right, LLC. Our team assists companies throughout Phoenix, AZ, and the surrounding communities with exceptional bookkeeping services. Our CPAs are educated in best practices for financial planning, asset management, and tax preparation. Podraza CPA is a tax and business consulting company […]

You need to pay attention to detail and get familiar with the fundamental Kanban terms and artifacts xero community questions if you want to benefit from applying the method. Continuous improvement is an ongoing process that involves analyzing performance, spotting opportunities, and making incremental changes. Kanban boards are versatile enough to handle various workflows while […]

Comparatively, in a B2B model, businesses could offer flexible payment terms to secure orders, extending their collection period. A good example of this would be the automotive industry, where manufacturers sell to distributors on credit terms, leading to a more extended collection period. Moreover, the inability to generate cash quickly can hinder a company’s growth […]

Our team consists of highly qualified and experienced accountants and bookkeepers who have worked with businesses across various industries. The value-based pricing tier is based on the number of financial transactions processed or value received from services offered. Businesses with varying transactional volumes might find this model beneficial as they only pay for the services […]