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Archive by Category Bookkeeping

Bookkeeping / July 31, 2023 / by admin

Accounts Receivable Days explained: How to Improve?

In today’s highly competitive business landscape, analyzing financial efficiency in procurement is of utmost importance. Efficient procurement practices can directly impact a company’s bottom line, making it essential to closely monitor and evaluate this aspect of the business. Net credit sales are calculated by subtracting...

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Bookkeeping / May 30, 2023 / by admin

What Is a Billing Cycle? How It Works, How Long It Is and Example

If you want to save even more time and effort, another option is to send your invoice email through invoicing software. All you have to do is create the invoice, and then press the built-in Send button, for your email to be immediately delivered to the customer. More specifically, an invoice includes the name of […]

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Bookkeeping / April 3, 2023 / by admin

How to start a virtual bookkeeping business in 5 steps

You may even need to email invoice copies to a client for approval and have a signature stamp for paying invoices. You should check with the local authorities to see if you need any licenses to make your bookkeeping business stay legally compliant. We have partnered with the most trusted insurers to help small business...

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Bookkeeping / December 14, 2022 / by admin

SIP Calculator Calculate Systematic Investment Plan Returns

The rate of interest on a SIP will differ as per market conditions. It may increase or decrease, which will change the estimated returns. Mutual funds are one of the promising investment avenues for wealth creation, … The SIP investment done through ELSS (Equity Linked Savings Scheme) offers maximum tax benefits up to...

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Bookkeeping / December 1, 2022 / by admin

Operating Costs: Definition, Formula, and Example

Take a look at your company’s income statement, and you might see a section devoted to operating expenses. Ever wondered what that means and why operating expenses are separate from other items on your income statement? Operating expenses are the expenses that arise from daily, core operational activities conducted by a...

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Bookkeeping / November 8, 2022 / by admin

How should companies account for insurance proceeds?

Accounts within this segment are listed from top to bottom in order of their liquidity. They are divided into current assets, which can be converted to cash in one year or less; and non-current or long-term assets, which cannot. They also might have to focus on their operational efficiencies to bring down costs and focus...

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Bookkeeping / December 20, 2021 / by admin

Как пользоваться индикатором фрактал Вильямса

Стоп-лосс можно ставить как на верхней синей линии, так и на уровне одной из красных линий. Недостаток фрактального индикатора в том, что он рисует стрелки при наличии единственного условия — экстремума средней свечи. Такие усиливающие сигнал моменты как закрытие тела фрактальной свечи выше/ниже...

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Bookkeeping / August 12, 2021 / by admin

The 5 Best CPA Prep Courses of 2023

They are categorized into many of the same topics you’ll work with on the exam, like auditing and financial reporting, and many are free or discounted for AICPA members. After months of engaging with stakeholders from the profession, including supervisors of newly licensed CPAs, the AICPA published an Exposure Draft...

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Bookkeeping / May 18, 2021 / by admin

The Ultimate Guide to Nonprofit Budgets + 3 FREE Templates

A budget for a nonprofit gives structure and substance to its plans. The budget also plays a key role in forcing organizations to prioritize their activities budgeting for nonprofits so as to determine those that are most critical for fulfilling their mission. There are a number of tools that can assist in creating a...

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Bookkeeping / February 22, 2021 / by admin

Asset Turnover: Formula, Calculation, and Interpretation

Assuming the company had no returns for the year, its net sales for the year was $10 billion. The company’s average total assets for the year was $4 billion (($3 billion + $5 billion) / 2 ). The asset turnover Accounting for Startups The Ultimate Startup Accounting Guide ratio may be artificially deflated when a […]

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