Bookkeeping

When comparing services, ensure you’re pricing out all the features you need, including add-on services like tax prep, payroll and HR. If you’re considering a bookkeeping service that runs on QuickBooks or Xero, include the cost of that software, too. Take advantage of product demos and introductory calls to find the right service. If you […]

A distributed ledger may be a public network or a private network. A private distributed ledger requires an invitation to participate in the network and must be validated by a process (i.e., existing members decide on future participants) or by an algorithm. In contrast, a public distributed ledger does not require permission to participate in

Ensuring that your financials are in order and that you have solid engagements with clients will make your practice more attractive to potential partners. Each of the exam’s four sections costs about $200, depending on the state. There is also a continuing education component, but the exact number of credit hours varies by state. The

Automating your accounts receivable can also help reduce the administrative burden of managing it, such as sending automated reminders, invoicing, and tracking payments. Accounts receivable turnover measures how efficiently your business collects revenues from customers to whom goods are sold on credit. The customers to whom you sell goods or services on credit are recorded

Create beautiful invoices, accept online payments, and make accounting easy—all in one place. Yes, switching from other accounting apps or products to Wave is easy! See our step-by-step guide on how to import bookkeeping data into Wave here. When everything is neatly where it belongs, tax time is simple. Free Accounting Software Limitations As a

In most cases, this would be considered a sign of high risk and an incentive to seek bankruptcy protection. What counts as a “good” debt-to-equity (D/E) ratio will depend on the nature of the business and its industry. Generally speaking, a D/E ratio below 1 would be seen as relatively safe, whereas values of 2

Companies are turning to AI-powered fraud detection systems to safeguard transactions. Advanced algorithms continuously monitor and analyze transaction data, detecting patterns and anomalies that might signal fraudulent activity. By harnessing the power of AI, these companies can quickly identify and mitigate potential threats, ensuring that customer payments remain secure. AI can help automate workflows and

Ask your accountant for their unbiased opinion on what you should prioritize. It allows you to cover expenses, pay your employees, reinvest in the business, pay off debts, give yourself a return on your investment, and weather any unforeseen circumstances. Computer upgrades, equipment replacement, and tax deadlines shouldn’t come as a surprise. Larger capital expenses