Bookkeeping

In my free time, I love to spend time outdoors (mountain biking, running. hiking) or reading books. Laura is a freelance writer specializing in ecommerce, lifestyle, and SMB content. As a small business owner, she is passionate about supporting other entrepreneurs, and sharing information that will help them thrive. Understand your clients and work faster […]

Xero helps transform the data you enter into actionable information at every subscription level. A dashboard provides a summary of your business’s financial health, including total cash in and out, outstanding invoices and overdue bills. Another page dedicated to short-term cash flow charts out how future bills and invoices can affect your understanding your pay […]

With such tight profit margins in the restaurant industry, it is important to analyze your financial reports on a regular basis. Restaurants should be looking at sales vs. cost of goods sold ratios as well as labor ratios. Another ratio many restaurants should consider is the prime cost, which aims to keep the cost of […]

In Dallas, Fox, Byrd & Company, steered by Mike Moran, is an established firm in business for 60 years. They cater to a diverse group that includes businesses, governments, non-profits, and individual clients. Their expertise spans across accounting, assurance, tax, audit, and consulting. Their process begins by understanding each client’s specific goals, followed by designing […]

Having supported clients in the Dallas-metro area across three generations, their primary goal is to build and maintain trust, ensuring long-term and effective outcomes for their clients. These services are similar to Houston bookkeepers and Austin https://www.bookstime.com/ bookkeepers. We try our best to keep you with the bookkeeping team you’re assigned when you come on […]

The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Don’t go big on business cards, sign writing, marketing […]

Accordingly, they are charged as expenses in the income statement of the accounting period in which the salaries are paid. The matching principle, then, requires that expenses should be matched to the revenues of the appropriate accounting period and not the other way around. Sometimes, expenditures are incurred either in advance or subsequent to the […]

However, rather than the entire Capex amount being expensed at once, the $10 million depreciation expense appears on the income statement across the useful life assumption of 10 years. In contrast, cash-basis accounting would record the expense once the cash changes hands between the parties involved in the transaction. For instance, the direct cost of […]

How you pay yourself depends on how your business is structured, so talk to your accountant or do some research into taking a salary versus a draw. We update our data regularly, but information can change between updates. Confirm details with the provider you’re interested in before making a decision. This website is using a […]