by psiadmin | Sep 9, 2024 | Bookkeeping
Tasks, such as establishing a budget, planning for the next fiscal year and preparing for tax time, are easier when financial records are accurate. A bookkeeper provides a critical role in the data collection and data input of a business’ accounting cycle. When there...
by psiadmin | Jun 27, 2024 | Bookkeeping
QuickBooks Online Essentials has all of the features included in Simple Start, with extra functionality for businesses with more needs. Well, that was a tough way of converting your bank statements in PDF to QBO. Moreover, the first method is not scalable as...
by psiadmin | Mar 13, 2024 | Bookkeeping
These disclosures are usually recorded in footnotes on the statements, or in addenda to the statements. Also known as “pro forma” reporting, non-GAAP reporting describes financial statements, reporting standards, and disclosures that were not prepared...
by psiadmin | Feb 9, 2024 | Bookkeeping
Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and...
by psiadmin | Nov 17, 2023 | Bookkeeping
Of course, determining how much to spend on various expenses and projecting sales is only one part of the process. Company executives also have to contend with a myriad of other factors, including projecting capital expenditures, which are large purchases of fixed...
by psiadmin | Nov 10, 2023 | Bookkeeping
For example, a car dealership is a merchandiser that sells cars while an airline is a service company that sells air travel. Because merchandising involves the purchase and then the resale of goods, an expense called cost of goods sold results. For example, the cost...
