Bookkeeping

Similarly, for a company (or its franchisees) in the business of offering services, revenue from primary activities refers to the revenue or fees earned in exchange for offering those services. To avoid this error, clearly differentiate between operating and one-time expenses when recording them on your income statement. To ensure the accuracy of your ecommerce […]

To boost business process optimization, you need to measure and report different parameters such as customer satisfaction levels, sales, expenses and profits and the rate of inventory turnover. A performance report will use benchmarking as a means to set and measure these targets. Benchmarking is akin to competitor analysis, as it compares your business’ performance […]

Advertising agencies may quickly transmit accurate information to their customers using this accounting system. With Productive’s Reporting, you can use the library of 50+ agency-focused templates or create your reports fully from scratch. Marketing agencies generate revenue based on projects and individual client relationships. How to Choose Accounting Software for Advertising Agencies The best accounting […]

They are a better representation of your organization’s financial situation than the 990, but they take time and money to conduct. While some nonprofits choose to or are required to get an audit, not all nonprofits need to. CPAs also offer other options for financial services that nonprofits can and often should consider before jumping […]

Seeking medical advice is crucial for accurate diagnosis and management. The primary cause of alcohol intolerance is a genetic condition that affects the body’s ability to metabolize alcohol efficiently. One of the key enzymes involved in alcohol metabolism is aldehyde dehydrogenase 2 (ALDH2). Alcohol intolerance, on the other hand, usually results in symptoms like facial […]

The accounting rate of return (ARR) is a simple formula that allows investors and managers to determine the profitability of an asset or project. Because of its ease of use and determination of profitability, it is a handy tool to compare the profitability of various projects. However, the formula does not consider the cash flows […]

Construction payroll can be particularly challenging, especially with varying pay rates, overtime, and seasonal workers. Additionally, handling subcontractor payments—often with complex contract terms—requires precise record-keeping to avoid disputes and ensure compliance with labor laws. Construction bookkeeping is a form of bookkeeping unique to the construction industry. Contractor and Subcontractor Payment Management During the course of […]

The CF-to-CapEx ratio will often fluctuate as businesses go through cycles of large and small capital expenditures. Investors often look at a company’s capital expenses as a sign of future growth and potential. By investing in long-term assets, companies can show investors that they are committed to the success and growth of their business. In 2014, […]

Here are a few scenarios that illustrate exactly how a payment in arrears works. Outsourcing your bookkeeping, just like outsourcing your payroll, is a decision that can alleviate many problems for you down the road. That’s because you have professionals taking care of important aspects of the financial side of your company. Scheduled payments – […]