Category: Bookkeeping

They’re more concerned with profit and loss, which is not relatable to project accounting. Without project tracking software, tasks like content creation, design, and social media scheduling can become disorganized, causing missed deadlines. With a project tracker, the team can quickly see what’s done, what’s pending, and what’s urgent. For instance, renting office space or…

The invoice serves as a legal agreement between the guest and the hotel. It differs from a hotel receipt in that a receipt represents a closed sale, while an invoice can be presented to a guest as a notification of funds due and be paid at a later date. It’s very easy to get started…

An effective RMS secures your documents, enforces access controls, and preserves integrity at every stage of your data’s lifecycle, ensuring you always stay compliant. You could think of it as the world’s most complex filing cabinet, where every record, from digital documents to databases, is sorted, categorized, and secured to be easily accessible whenever required….

You need to know how much you are being owed so you can maintain a healthy cash flow for your business. The accounts receivables template track the amount of payment not received for products delivered or services provided to your customers. Are you looking for an effective way to keep track of your daily sales,…

Although you do not have to take out drawings during the year, you will have to pay tax on the percentage of profits. Drawings are therefore recorded in the balance sheet according to their category. We work with clients that are sole traders as well as multinational corporations and 7-figure businesses. Another effective way to…

This includes the methods and models employed, as well as the key variables and sensitivities. For example, if a discounted cash flow analysis was used, the discount rate and growth assumptions should be clearly stated. Such transparency not only enhances the credibility of the financial statements but also provides stakeholders with a deeper understanding of…

COVID-19 accelerated change and forced us to reconsider the role of professional accountants. We heard from our stakeholders about the transformation of organizations, the agility of business, and the resilience of professional accountants managing through unanticipated change. Employers are adapting to the new normal, with one-quarter planning Restaurant Cash Flow Management to sell physical office…

It’s about understanding the unique needs of nonprofits and using that knowledge to further their mission. The statement begins with total revenue, then subtracts any expenses related to obtaining or maintaining that revenue. A table of contents is an incredibly important bookkeeping tool for nonprofits. While bookkeeping may seem daunting at first, taking the time…