Investors who want to take a more hands-on approach to investing, choosing individual stocks, may take a look at the debt-to-equity ratio to help determine whether a company is a risky bet. Investors can use the debt-to-equity ratio to help determine potential risk before they buy a stock.…
Lisa joined Carpenter & Company in 2009 and has worked with several contractors over the years. While being responsible for overall client services, Lisa’s specialty is in construction payroll services. Worry free books and the ability to make smart, informed decisions based on real data instead of a…
Our end-to-end supply chain solutions also improve inbound and outbound logistics, including warehouse online bookkeeping receiving, to establish a more efficient, cost-effective supply chain. Each storage unit is prorated on a monthly basis, so if, for example, you only had inventory in a storage location for half of…
Put systems in place during the transition to set your business up for FIFO success. However, the inventory accounting differences between FIFO and LIFO mean that FIFO typically results in higher taxable income. So while FIFO may improve financial reporting metrics, it can also increase a company's income…
I keep getting the message "This transaction has been deposited. If you want to change or delete it, you must edit the deposit it appears on and remove it first." This is crucial to maintain the integrity of your financial records. As @JasroV explained, a transfer is when…
Once you have chosen a bookkeeping method, you can begin setting up your bookkeeping system. This may include creating a chart of accounts, setting up a system for recording financial transactions, and establishing a process for reconciling bank accounts. If you aren’t sure about what type of system…
It's important for companies to use judgment and legal accounting methods when adjusting any accounts. The answer is yes, as long as it is done ethically and in compliance with accounting standards and regulations. Income smoothing involves strategically adjusting a company's net income to create a more consistent…
It must represent interest as an owner or creditor, carry an assigned monetary value, and be able to provide a profit opportunity for the purchaser. Marketable debt securities are held as short-term investments and are expected to be sold within one year. If a debt security is expected…
This helps identify areas where costs are higher than expected, allowing for early intervention to prevent further overruns. It’s also important to look for areas where cost savings can be made, such as using more economical materials or reducing labor costs without compromising quality. You can use this…
Can support larger small businesses with dozens of employees; all three plans include an unlimited number of users. Seamlessly connect QuickBooks to your favorite apps and tools, creating a unified hub for your business operations. From CRM systems to payment processors, QuickBooks integrates with a wide range of…