by Sabores | Sep 21, 2023 | Bookkeeping
CPAs can help with tax planning and tax filing, including state and federal income tax returns, payroll tax returns, and sales and use tax returns. CPAs must keep up their tax and accounting knowledge with continuing education each year in order to stay licensed, so...
by Sabores | Aug 30, 2023 | Bookkeeping
Tracking these costs separately helps bookkeepers identify discrepancies early and maintain control over the budget. This categorization also provides better visibility into spending patterns. Essentially, WIPs work to construction bookkeeping combine all your job...
by Sabores | Jul 19, 2023 | Bookkeeping
We may earn a commission when you click on a link or make a purchase through the links on our site. All of our content is based on objective analysis, and the opinions are our own. On April 23, 2021, Ayra’s Merchandise received cash in the amount of $400 as payment...
by Sabores | May 23, 2023 | Bookkeeping
Understanding accrual accounting is foundational for real estate professionals aiming for accurate financial reporting. Real estate accounting is not just for accountants; it’s a crucial tool for a diverse range of stakeholders. From individual property owners to...
by Sabores | Mar 7, 2023 | Bookkeeping
This means that for every $1 in shareholder equity, the company has $2 in debt. If your company had $100,000 in debt, and your balance sheet showed $75,000 of shareholders’ or owners’ equity, then your gearing ratio would be about 133%, which is generally...
by Sabores | Dec 22, 2022 | Bookkeeping
This report not only provides a snapshot of the direct costs such as raw materials and labor but also delves into indirect expenses like overheads that are often overlooked yet significantly impact the bottom line. By dissecting the nuances of these costs,...
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