Best Virtual & Outsourced Accounting Services 2023
If you have a Certified Public Accountant (CPA), we can handle your monthly bookkeeping and then send your financials and tax prep info to your CPA at year-end. Clean and accurate books give your accountant less work to do and, ultimately, save you money. In an effort to avoid that pitfall, many companies fall into … Read more »
Categories: Bookkeeping
Bookkeeping & Accountant for General Contractors & Builders
With their expertise, they ensure businesses adhere to local, state, and federal requirements, minimizing legal and financial risks. Detailed and accurate reports, such as profit and loss statements and cash flow analyses, provide insights into a business’s financial health. These reports enable informed decision-making and long-term strategic planning. Construction bookkeeping can differ from traditional bookkeeping … Read more »
Categories: Bookkeeping
Retainer Fee: Definition, Uses, How It Works, and Example
Before depositing client funds, check your local and state ethical rules to determine whether or not the funds are an operating retainer or a trust retainer. Consulting firms offering retainer services tailor their approach to prioritize the distinctive needs of each client, ensuring streamlined and specialized support. Integrations not only encourage productivity and reduce manual … Read more »
Categories: Bookkeeping
Retained Earnings RE Formula, Features, Factors, Examples
Returned earnings is a term often used to refer to the earnings that a company has generated over time and then reinvested back into the business. Retained or returned earnings provide a clear indicator of a company’s long-term profitability and the capacity to self-finance its operations and growth. An increase in returned earnings suggests that … Read more »
Categories: Bookkeeping
Degree of Operating Leverage Definition, Formula, and Example
It is used to evaluate a business’ breakeven point—which is where sales are high enough to pay for all costs, and the profit is zero. A company with high operating leverage has a large proportion of fixed costs—which means that a big increase in sales can lead to outsized changes in profits. A company with … Read more »
Categories: Bookkeeping
Contact Us
Subscribe