Let’s look in more detail at the differences between each of these financial tasks, why you need them, and how to manage them in a way that’s right for your business. Sometimes, raising prices can, counterintuitively, increase sales by conveying quality. Plus, having an accurate payroll system helps you stay compliant with employment regulations and […]
It’s a subscription-based service that is good for various industries and beneficial to those who regularly work with a bookkeeper or accountant because you can give them access to your files. Read our comprehensive QuickBooks Online review to decide if quickbooks online accountant this popular accounting software is the best choice for your needs and […]
Accounts payable turnover ratio is a helpful accounting metric for gaining insight into a company’s finances. It demonstrates liquidity for paying its suppliers and can be used in any analysis of a company’s financial statements. The AP turnover ratio provides valuable insights into a company’s payment management efficiency and financial health. It provides insights into […]
Since Speakers, Inc. doesn’t have $500,000 in cash to pay for a building, it must take out a loan. Speakers, Inc. purchases a $500,000 building by paying $100,000 in cash and taking out a $400,000 mortgage. This business transaction decreases assets by the $100,000 of cash disbursed, increases assets by the new $500,000 building, and […]
