Janet Wennes is a Certified Public Accountant and owner of JL Wennes, CPAs, a full-service accounting firm in Carlsbad, CA. As a dedicated and detail-oriented accounting professional, Janet has met the accounting and tax needs of individuals and businesses for over 25 years. Despite the fact that firms have recommitted to reviewing their internal practices […]
Kategori Arşivleri: Bookkeeping
Every month of non-payment will result in another hit to your score, as the delinquency ages and balances owed increase due to interest and fees. And an actual default will likely result in the card’s line of credit being closed, which will cause your credit utilization ratio to soar to 100 percent on the account. […]
Users often attest to its sluggishness and lack of reliability, both issues that have been echoed in my own experience. This allows you to compare the estimated costs and revenues of your projects against the actual numbers incurred throughout the completion of the project. This helps you identify potential problems and make adjustments once you […]
The comprehensive package includes help with accounting, invoicing, payroll, benefits and expense-tracking needs. If you use Silverfin software, regulatory updates are automatically rolled out to all users and accessible as part cloud accounting of your ongoing subscription. This will significantly improve the speed, accuracy and compliance for core post bookkeeping tasks such as working papers, […]
Upon adding all the principal components of the debt service up, that will calculate the debt size. Learn more about debt sizing here and learn to build macros to automate the process here. The ratio is sometimes referred to as the interest coverage ratio or times interest earned (TIE). Get instant access to lessons taught […]
The above reasons aren’t the only signs that you should outsource your bookkeeping. In general, the sooner you start with outsourced bookkeeping, the faster you’ll see its benefits. RSM US LLP is a limited liability partnership and the U.S. member firm of RSM International, a global network of independent assurance, tax and consulting firms. QuickBooks […]
Cost is a significant factor to consider when choosing a payroll provider. Different providers offer different pricing models, so it is essential to consider the overall cost of the service, including any additional fees or charges. This typically involves collecting information from the business, such as employee data and payroll schedules. This information is then […]
Companies turn to activity-based budgeting when they need a better handle on spending. This type of budgeting exercise helps young companies manage their costs from the start and established companies bring expenses under control when needed. Activity-based budgeting also helps ensure that the most important activities allocate the right budget. It can help uncover opportunities […]
Another advantage is the ability to automatically sync your transactions and balances. Cloud-based tools can integrate with various cryptocurrency exchanges and wallets, making it easier to track your Bitcoin holdings across different platforms. Keeping detailed records of your Bitcoin transactions is crucial for tax purposes as well. In many countries, cryptocurrencies like Bitcoin are subject […]
This is helpful for freelancers who don’t have a separate bank account for their business activity. Vanessa is a CPA and the founder of Kruze Consulting, and has helped hundreds of startups with their accounting and taxes. Vanessa Kruze, a seasoned CPA, has an impressive track record prior to establishing Kruze Consulting. Her experience includes […]