For interest-bearing accounts, a bank adjustment could be the amount of interest you earned over the statement period. Compare your personal transaction records to your most recent bank statement. First,... read more →
But it is not as easily manipulated by the timing of non-cash transactions. As noted above, the CFS can be derived from the income statement and the balance sheet. Net... read more →
A higher payback period means it will take longer for a company to cover its initial investment. All else being equal, it's usually better for a company to have a... read more →
Missing transaction adjustments help you account for the financial transactions you forgot about while bookkeeping—things like business purchases on your personal credit. Simply put, the credit is where your money... read more →
To keep things organized, Xero logs every action users make and compiles the history of every transaction. After a 30-day trial period, Xero will bill a monthly charge of $13... read more →
While the business was not yet profitable, the business’ risk of failure was largely mitigated at this point in its life cycle. Part of the reason for companies staying private... read more →
Some of this stuff, like how to populate the fixed items or manage the assumptions will just come with time and practice. Once we have the first pass at all... read more →
We also studied the platforms’ customer service quality, scalability, ease of use, learning curve and automated features, among other elements. As your operation grows, your accounting software must expand in... read more →
Every corporation transaction is recorded in at least two accounts, with one account obtaining a "debit entry" and the other receiving a "credit entry" in a double-entry accounting system. By... read more →
Layer on product sales and the sale of additional services and revenue tracking can get messy. We can help you track revenue from various channels and manage your deferred revenue... read more →