Figuring out the right price or the right way to package your services isn’t easy. But breaking it down and building your pricing model by considering all the relevant factors will give you a reasonable solution to test. Though you must be willing to make changes if it isn’t working for you—even if that means […]
Category Archives: Bookkeeping
Because the funds are accounted for in the bookkeeping, you use the data to determine growth. A full charge bookkeeper takes care of the usual bookkeeping service but also handles some accounting duties. Think of this bookkeeping service as a mix between traditional accounting and bookkeeping. Whether you’re a self-employed professional, a business with employees, […]
Interest from all types of debt obligations, short and long, are considered a business expense that can be deducted before paying taxes. Longer-term debt usually requires a slightly higher interest rate than shorter-term debt. However, a company has a longer amount of time to repay the principal with interest. Interest is recorded as an expense […]
This pattern of diminishing marginal productivity is common in production. As another example, consider the problem of irrigating a crop on a farmer’s https://online-accounting.net/ field. The plot of land is the fixed factor of production, while the water that the farmer can add to the land is the key variable cost. In inventory valuation and […]
Importing invoices payments and purchase orders is an especially handy feature, because this is not something that can easily be done or undone. Yes, you can undo and fix errors if you made a mistake the first time– something that used to take hours (or longer). Also should you decide that Xero isn’t the perfect […]
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Denver, CO – November 15, 2022 – Xero, the global small business finance platform, has announced a collaboration with Intel to help empower small business owners to better manage their finances. Xero is […]
Balance sheet reconciliation involves comparing the balances of internal accounts against corresponding external documents. It’s a bit like our earlier example with the bank statement, but this process is broader. Balance sheet account reconciliation can cover everything from cash and investments to liabilities and shareholders’ equity (any accounts found on the balance sheet). In these […]
Performing intercompany reconciliations allow for the parent company to produce accurate consolidated accounts. Companies often pay some expenses or for some purchases in advance, especially when they are regular. However, accounts need to be reconciled to ensure that goods or services were received or delivered as per the contract. Reconciliation at this time also helps […]
QuickBooks Online made it to our Best Accounting Software for Small Business list because it is a comprehensive platform that checks all the boxes for accounting, invoicing and expense tracking. If you aren’t sure about the product, you can give it a 30-day test run with 100% capabilities of the Simple Start Plan to see […]
As a Priority Circle member, you get access to a dedicated customer success manager who can assist you with any questions or issues you have with your software. You will get priority support through chat and phone, with shorter wait times than non-Priority Circle members. Excel is a spreadsheet program that you can use for […]