Bookkeeping

There isn’t just one stand-out median (Q2), nor is there a standout upper quartile (Q1) or standout lower quartile (Q3). To see if there is a lowest value outlier, you need to calculate the first part and see if there is a number in the set that satisfies the condition.…

This is because the accrual method of accounting recognises revenue when it is earned and expenses when they are incurred. That is the accrual method of accounting matches revenues with expenses during specific accounting periods. The value of gross sales is not disclosed on your company’s income statement. Rather, such…

Usually, liquidation value is applied when investors feel a company no longer has value as a going concern, and they want to know how much they can get by selling off the company’s tangible assets and such of its intangible assets as can be sold, such as IP. A company…

Ratio analysis refers to the analysis of various pieces of financial information in the financial statements of a business. They are mainly used by external analysts to determine various aspects of a business, such as its profitability, liquidity, and solvency. Analyzing accounting ratios is an important step in determining the…

Their $3,500 revenue would post when they receive cash from the customer in April. As your company’s bookkeeper, you may generate a tax report for your CPA. The report assigns each expense to the correct line on the company’s tax return. Now, you need to record this transaction in your…

Deskera People is another platform that enables you to expedite and simplify the processes. Through its automated processes like hiring, payroll, leave, attendance, expenses, and more, you can now unburden yourself and focus on the major business activities. It also assists with driving growth for your business by integrated Accounting,…

If you plan to hire employees, such as an administrative assistant, you may also want to seek a small business loan. If you seek funding from a bank or investor, your business plan will be especially important because it is how potential lenders and investors will understand your business. Ohana…

If you’re new to business, you may be wondering about the importance of bookkeeping. Whether you outsource the work to a professional bookkeeper or do it yourself, you’ll be able to reap a variety of benefits. FIFO accounting, or first-in, first-out, is a method of valuing inventory. It’s basically an…