por Sermail Med | Abr 26, 2024 | Bookkeeping
In other words, the accounting equation will always be “in balance”. The accounting pros and cons of going paperless equation’s left side represents everything a business has (assets), and the right side shows what a business owes to creditors and owners...
por Sermail Med | Fev 10, 2024 | Bookkeeping
Most businesses would aim for a lower average collection period due to the fact that most companies collect payments within 30 days. The average collection period is the average number of days between 1) the dates that credit sales were made, and 2) the dates that the...
por Sermail Med | Jun 14, 2023 | Bookkeeping
Letters of credit are important financial documents that make it easier for two companies, especially those in different countries, to do business together. Though they have downsides, such as the fees involved, the additional layer of trust they add to a transaction...
por Sermail Med | Ago 4, 2022 | Bookkeeping
Rather than a fragmented process reliant on offline coordination, QBO enables seamless collaboration. With the Accountant’s Copy, your accountant can review your books and provide feedback without needing direct access to your live QBO company file. This keeps...
por Sermail Med | Dez 27, 2021 | Bookkeeping
However, a recently hired marketing director suggests that the company should focus on television ads and social media marketing to reach a broader client base. (ii) To continue the present level of output of ‘utility’ but double the production of ‘Ace’. You are...
por Sermail Med | Ago 31, 2021 | Bookkeeping
Technical debt is incurred when you’re working very fast to develop a prototype or working model, and you’re not building everything perfectly. Accounting debt is a similar concept – startups can often ignore creating their accounting infrastructure to focus on their...