Bookkeeping

Automatic reporting has turned minutes of work into the click of a button. We’re probably saving 15 to 20 hours a week with Breeze Premier. That’s a lot for a small company, and it means we’re able to do more deals on the development side. By far, the biggest improvement that we have now is rent collection. We are officially paperless, and all payments go through RentCafe. You benefit from paperless...

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Even though shareholder’s equity should be stated on a book value basis, you can substitute market value since book value understates the value of the equity. Market value is what an investor would pay for one share of the firm's stock. Assessing whether a D/E ratio is too high or low means viewing it in context, such as comparing to competitors, looking at industry averages, and analyzing cash flow....

It’s also important to note that some industries naturally require a higher debt-to-equity ratio than others. “For example, a transport company has to borrow a lot to buy its fleet of trucks, while a service company will practically only have to buy computers,” explains Lemieux. The goal for a business is not necessarily to have the lowest possible ratio. “A very low debt-to-equity ratio can be a...

A cost principle will also include expenses incurred in purchasing the asset, such as shipping and delivery fees, as well as setup and training fees. It is believed that recording assets at their original cost provides more reliable information. Frequent analysis offers insights into the profitability of different products, services, or projects. As a result, companies can rely on cost accounting to...

In theory, the higher the current ratio, the more capable a company is of paying its obligations because it has a larger proportion of short-term asset value relative to the value of its short-term liabilities. Additionally, some companies, especially larger retailers such as Walmart, have been able to negotiate much longer-than-average payment terms with their suppliers. If a retailer doesn’t offer...

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Intelligent finance operations is generating $70 million in business value, improving efficiencies 50% and supporting their growth agenda. Unleash real-time insights and intelligence to make more informed decisions, using dynamic real-time scenario planning, continuous close and on-demand reporting. We help you transform your finance operations from a transactional service to a strategic asset with a...

Establishing standardized processes for data reconciliation throughout the team is a matter of utmost importance. Implementing consistent procedures is crucial for maintaining uniformity and coherence in reconciliation efforts, thus avoiding discrepancies that could result from using different approaches. Sometimes, refunds were made in Stripe but didn’t show up in WooCommerce, causing inconsistencies....

In such cases, you should compare your credit risk and policy to industry standards to see if you take too much risk or need to make adjustments. In accrual accounting, if you bill a customer $500 for work done in December, you count that $500 as income in December, even if you haven't received the money yet. Deskera People is another platform that enables you to expedite and simplify the processes....