Bookkeeping

Now, simply compare the transactions on your statement with what’s in QuickBooks. The tricky part is making sure you have the right dates and transactions… Read More »How to Reconcile in QuickBooks Online

Once you’re done, you should see a difference of $0, which means your books are balanced. Sometimes things get missed – it’s bound to happen… Read More »Reconciling Accounts in QuickBooks: Step-by-Step Guide

During economic downturns where it is easier to trade on emotions, investors may want stock that is harder to buy or sell. These types of… Read More »Stock Turnover Ratio What Is It, Formula, How To Calculate?

After all, high inventory turnover reduces the amount of capital that types of audit evidence they have tied up in their inventory. It also helps… Read More »Stock Turnover Ratio Formula + Calculator

This journal entry would be recorded each month while the machinery is still being used until the end of its useful life, or until the… Read More »Why Expense Recognition Principle is Important to Small Businesses

A startup financial model should include startup revenue and expenses projection over time. Creating financial projections is an integral part of the business plan for startups. These… Read More »How to Create a Financial Forecast for Your Startup Business Plan

Use one of these balance sheet templates to summarize your company’s financial position at a given time. Check out these free financial templates for a business plan… Read More »Financial Forecasting for Startups: a Step-by-Step Guide

Compensation is an overarching term that encompasses all the types of payments an employee earns. Payroll tax forms are documents created to collect and report… Read More »28 Payroll Terms You Should Know

The total income and benefits employees have earned but not yet received. A grid-based framework used to compare employees’ work performance and potential. Businesses with… Read More »What Is Payroll, With Step-by-Step Calculation of Payroll Taxes