Category: Bookkeeping

Then, you can calculate how much it costs you to bring in a new patient to your practice. Be careful though not to go overboard with taking deductions. If you were ever audited, you need to be able to justify how it is a business expense. We’re loved by thousands of therapists. If you’re just […]

Some studies have attempted to quantify the wage premium needed to justify additional commute time. These examples showcase the diversity in compensation structures, emphasizing how wages and salaries work in different professions and work arrangements. Personal care assistants, bartenders, hotel housekeepers, home health aides, childcare providers and retail salespersons are a few examples of jobs […]

One of the standout features of the solution is its ability to automate almost 50% of manual repetitive tasks. This is achieved through LiveCube, a ‘No Code’ platform, that replaces Excel difference between llc and llp and automates data fetching, modeling, analysis, and journal entry proposals. To see a live example of how the accounting […]

Just over 30% of Microsoft’s total sales went toward costs for revenue generation, while a similar figure for Walmart in its fiscal year 2021 was about 75% ($429 billion/$572.75 billion). It indicates that Walmart incurred much higher cost than Microsoft to generate equivalent sales. Where loan is to be repaid in several installments, the current […]

Just over 30% of Microsoft’s total sales went toward costs for revenue generation, while a similar figure for Walmart in its fiscal year 2021 was about 75% ($429 billion/$572.75 billion). It indicates that Walmart incurred much higher cost than Microsoft to generate equivalent sales. Where loan is to be repaid in several installments, the current […]

The purpose of the Accumulated Depreciation account is to track the reduction in the value of the asset while preserving the historical cost of the asset. Examples of deferred unearned revenue include prepaid subscriptions, rent, insurance or professional service fees. Double Entry Bookkeeping is here to provide you with free online information to help you […]

Financial ratios are created with the use of numerical values taken from financial statements to gain meaningful information about a company. The relevance of the ratio analysis formula lies in its ability to provide a quick and easy way to assess a company’s financial health and identify potential strengths and weaknesses. Using various ratio analysis […]

Long-term debt is also known as bonds payable and it’s usually the largest liability and at the top of the list. The most common liabilities are usually the largest such as accounts payable and bonds payable. Most companies will have these two-line items on their balance sheets because they’re part of ongoing current and long-term operations. […]

Additionally, this template automatically calculates the difference between your estimated costs and the actual project costs so you can determine whether your project is over or under budget. As construction projects near their completion date, it is important to inspect all the work that was constructed to ensure that it was done per the plans […]

And keep in mind this service won’t make tax filings on your behalf, so you’ll have to handle that separately. With Live Expert Full-Service Bookkeeping we pair you with a dedicated bookkeeper who will bring your books up to date and then manage your monthly books for you, so you can focus on your business. […]