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Category Archives: Bookkeeping

How Do Net Income and Operating Cash Flow Differ?

Under the indirect method, the figures required for the calculation are obtained from information in the company’s profit and loss account and balance sheet. Using the indirect method, calculate net cash flow from operating activities (CFO) from the following information. Examples include cash receipts from the sale of goods and services, cash receipts from interest […]

Forex Compounding Calculator Free Tool

The crux lies in understanding the value of marginal gains and how they contribute to substantial long-term results. A forex compounding calculator simplifies this process by providing exact figures and growth projections. This tool ensures you make informed decisions to optimize your forex trading journey. A forex compounding calculator is a tool used by traders […]

Bookkeeping basics: A guide for small businesses

Small-business taxes vary between industries, states, and business types, so to get the best advice on what taxes your business needs to pay, consult with your accountant. For the most part, though, you’ll probably end up paying income taxes, sales taxes, and payroll taxes. Most accounting software automates entering information from the documents above. For […]

Accounts Payable: Definition, Example, Journal Entry

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Declining Balance Method: What It Is and Depreciation Formula

The accounting concept behind depreciation is that an asset produces revenue over an estimated number of years; therefore, the cost of the asset should be deducted over those same estimated years. 1- You can’t use double declining depreciation the full length of an asset’s useful life. Since it always charges a percentage on the base […]

Accounting for Factored Receivables 2024 The Essential Guide

During the American colonial period, factors played a crucial role in the textile industry, advancing funds to manufacturers based on the value of goods shipped to the New World. Just as with any lender, you should check out factoring companies that you might want to work with carefully to make sure they’re trustworthy. If the […]

How Much Should I Charge for Bookkeeping Services? Averages

GrowthForce accounting services provided through an alliance with SK CPA, PLLC. There are major differences between the three types of bookkeepers and what each can offer your business. Figure out which works for how much does bookkeeping cost your business and start tackling the problems, or potential problems, with your books. When you’re already working […]