Category: Bookkeeping

This simply lists the amount due to shareholders or officers of the company. It is the difference between a firm’s total assets and its total liabilities. The result shows how fruitful the investment could be for investors, indicating the potential for the returns to multiply in the future. The assets should always equal the liabilities…

It’s really here just in case we run into errors in our model, and we need to reset everything and then change it back, to get rid of those #REF! But again in real life it’s not like an LBO model, where you could conceivably make it noncircular by changing around a few things. The…

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ADP Mobile Solutions keeps your people connected — and allows you to do more than ever from your mobile device or tablet. The ADP Mobile Solutions app has over 2.7 million reviews with an average 4.7-star rating out of 5.0 on the Apple App Store. See how ADP Assist provides valuable and contextual insights that…

Explore available plans and find the right fit by visiting our FreshBooks Pricing page. Otto AI provides remote, flexible financial management for mobile creators, ensuring they stay compliant. No matter the size of your business (even if it’s only a back-of-the-napkin idea right now!), smartkeep takes care of your numbers. Benefit from a community dedicated…

An invoice, on the other hand, is a bill issued by a seller requesting payment for goods or services delivered but not paid for. Invoices are typically used in business-to-business (B2B) transactions, where goods or services are provided on credit terms and require formal billing and a payment request. It serves as a request for…

Effective communication, understanding each other’s business needs, and being willing to compromise are key elements in successful trade discount negotiations. Understanding trade discounts, cash discounts, markup, and markdown is crucial in business math, as these concepts are integral to pricing strategies, sales, and profitability. This study guide provides a comprehensive review of these concepts, with…

For instance, two companies with similar market capitalizations but differing tangible book values per share might indicate varying levels of asset backing, influencing investor perception. All other things being equal, a higher book value is better, but it is essential to consider several other factors. People who have already invested in a successful company can…

Late reports hinder decision-making processes, goal setting, and budgeting. Staying up-to-date with financial reporting allows founders to analyze historical data, set future goals, hold themselves accountable, and make informed decisions based on current cash flow status. We use this financial term to describe how sensitive a company’s profitability is to changes in revenue. Companies with…

Business invoices may also serve as legal protection because the document can be viewed as proof of an agreement between the company and a buyer on a set price. Therefore, invoices may potentially protect the vendor from fraudulent lawsuits, but you should consult with your company’s legal counsel. If you’re looking to optimize your current…