Category Archives: Bookkeeping

These trends and anomalies can point to areas that need attention or indicate changes in your business environment. If vertical analysis your business has multiple segments or product lines, perform vertical analysis on each separately. This segmented approach can reveal which areas of your business are most profitable or cost-effective, guiding resource allocation and strategic […]

The financing rate is the rate at which negative cash flows are financed. Calculating IRR involves deducting the growth from the initial investment made. As a result, it is based on the inverted compounding of the growth rate. Mirr Calculator Being able to calculate modified internal rate of return can also help you compare the […]

It provides a robust set of tools, including the ability to create tailored invoices, automate recurring billing, manage expenses, and handle transactions in multiple currencies. Compared to Solopreneur, QuickBooks Online offers a broader range of features, including class and location tracking, inventory management, and COGS calculations. It also allows users to record fixed assets and […]

Costs forming part of plant and equipment fixed assets typically include the following. Reports such as the fixed asset roll forward discussed above can be generated quickly with software, making analysis and research less of a cumbersome task. Under US GAAP, fixed assets are accounted for using the historical cost method. The historical cost method […]

Contractors aren’t necessarily able to complete, bill and collect on a contract in the same month. In this blog, we’ll dive into what makes construction accounting unique and the information contractors need to track to attain long-term success. Cash basis accounting records transactions only when cash changes hands, making it straightforward and ideal for smaller […]