Its true strength lies in its ability to reflect the financial outcome of core operational activities, as it excludes certain non-operational elements that could cloud the picture of a company's genuine performance. It’s a non-cash expense, so it’s also added…
In accounting terms, insurance expense is typically recognized in the income statement during the period in which the insurance coverage is in effect. Sticking with the accrual method of accounting, a second important consideration when recording a prepaid asset is…
Be sure to look out for any fees or additional management costs, which can diminish your returns. Intuitive, customizable invoicing capabilities compete with those of more robust accounting solutions. Feature set includes an excellent mobile app and suite of reports,…
Here, we’ll assume $25,000 in new equity was raised from issuing 1,000 shares at $25.00 per share, but at a par value of $1.00. In recent years, more companies have been increasingly inclined to participate in share buyback programs, rather…
In this case, the full charge bookkeeper position may be converted into an assistant controller position, with responsibility for some aspects of accounting operations. With additional training, a full charge bookkeeper could be promoted into the controller position. A full-charge…
When you're starting your business, you'll bookkeeping questions need to add the details of all your suppliers into your accounting software or Microsoft Excel Sheet. Accounts Payable automation is a gateway to enhanced vendor relationships as well. Timely payments strengthen…
Whether you’ve just started a new business or you’re looking for an expert bookkeeper to free up time and money for your existing business, Shaan Afridi can help right now. I was a little nervous about not having a face…
