It may be more common for a payroll system to integrate with other apps. One thing to note is that an online payroll service may help you store employee hours […]
Category: Bookkeeping
How to Calculate Acid Test Ratio: Overview, Formula, and Example
It is worth remembering that the general rule says that the higher the quick ratio, the higher the company’s liquidity. Although most financial analysts agree that a quick ratio higher […]
Payout Ratio: What It Is, How To Use It, and How To Calculate It
Dividends paid are not classified as an expense but rather a deduction of retained earnings. Dividends paid do not show up on an income statement but do appear on the balance […]
Cash Flow From Financing Activities CFF Formula & Calculations
Assume you are the chief financial officer of T-Shirt Pros, a small business that makes custom-printed T-shirts. While reviewing the financial statements that were prepared by company accountants, you discover […]
Is Interest Payable a Current Liability? Explanation, Example, and Entries
Based on the payment schedule, the company has to make an interest payment of $ 5,000 on the 15th of the month. Of all the financial statements issued by companies, […]
How to Endorse a Check & What Check Endorsement Means
If you do endorse it early, be sure to add a restriction such as “for deposit only” under your signature. To be endorsed correctly, the name signed on the back […]
Accrued Expense: What It Is, With Examples and Pros and Cons
Accrued expenses are reported as liabilities on a company’s balance sheet and not as expenses. Also, it is important to note that an accrued expense can be an estimate and […]
What Is Bookkeeping? Everything You Need To Know
This individual usually holds an accounting degree and is registered as a certified public accountant (CPA). To use that title, CPAs must pass the CPA exam—which is a highly valued […]
What is Chinas Belt and Road Initiative and How Is It Changing? The New York Times
According to a 2022 report from the Business Research Company, the global electronics repair and maintenance market is expected to grow from about $8 billion in 2021 to $9.6 billion […]
6 Best Shopify Accounting Software for Running Your Business
This streamlines your tax compliance efforts, minimizes the risk of errors, and ensures that you meet your tax obligations promptly and accurately. To maintain clear financial records and separate your […]