Category: Bookkeeping

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What Is Working Capital Management?

21-Oct-2021

ContentConsidering Operating Working CapitalYour Current AssetsWorking With Current Liability AccountsRatios To WatchWorking Capital CycleWhat Is The Working Capital Cycle? After all, a business cannot rely on paper profits to pay its bills—those bills need to be paid in cash readily in hand. Say a company has accumulated $1 million in cash due to its previous years’ retained earnings. If the company were to invest all $1 million at once, it could find itself with insufficient current assets to pay for its current liabilities. To fund growth or big projects.If you work on a project-by-project basis, you need to plan for...

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Present Value Of A Single Payment In Future

24-Dec-2020

ContentExample: What Is $570 Next Year Worth Now, At An Interest Rate Of 15% ?Discount Rate For Finding Present ValuePresent Value FormulaPresent Value AnalysisFormula For Pv In Excel Thus, a key part of this calculation is determining the amount of the discount rate to be used. Calculating the Present Value, as stated earlier, involves making the assumption that a return rate could be earned on the funds over the period of time. In our example, we looked at one investment over the course of one year. Therefore, to evaluate the real value of an amount of money today after a...

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Understanding Payroll Taxes And Who Pays Them

8-Dec-2020

ContentPayroll Taxes ExampleFica Vs Futa​​about Payroll TaxesUpdating Your Business AddressHow Can Employers Avoid Payroll Tax Penalties?Personal And Sales TaxesPayroll Tax Process Learn more about the benefits of small business membership in the U.S. Our best expert advice on how to grow your business — from attracting new customers to keeping existing customers happy and having the capital to do it. GrowOur best expert advice on how to grow your business — from attracting new customers to keeping existing customers happy and having the capital to do it. The information contained in this newsletter was submitted by the KPMG International member...

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BooksTime Review

31-Mar-2020

ContentInvite Team Member To Collaborate In BooksTimeAdditional FeaturesBooksTime AppReview:Cons Of Using BooksTimeBooksTime Review: Try Cloud Accounting Software Free For 60 Days Click Add to include it on the invoice and a new window opens displaying unbilled time and expenses. You can select any you want included and they appear as line items when you return to the invoice. Both Time Entries and Projects can be automatically converted to invoices. If you're using any version of BooksTime except for Lite, you can send reminders at designated intervals and charge late fees, which is unusual in this group of tools. You can...

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Small Business Accounting 101

2-Mar-2020

ContentThe Basic Account TypesMake Bookkeeping A HabitBookkeeping Is Necessary For Tax PreparationBalance SheetAccountingBookkeeping 101: What Are The Basic Accounting Terms? The remaining value of an owner’s interest in a company after all liabilities have been deducted is called equity. This may include tangible assets like cash, buildings, and equipment and intangible assets like goodwill and patents. Diamonds may be forever, but the ink on your expense receipts is not.This method is the simplest for small businesses because it doesn’t require you to track payables or receivables and reflects whether or not your money is actually in your account.To understand the...

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