Category: Bookkeeping

The good thing is that QuickBooks Online offers many self-help guides to help new users get the most out of QuickBooks. If you need additional training resources, you can check out our free QuickBooks Online tutorials. Additionally, many outsourced bookkeeping companies use proprietary in-house software to keep their customers’ books. Want to learn a little… Continue reading Beginner’s Guide to Online Retail Accounting

For every transaction, both sides of this equation must have an equal net effect. Below are some examples of transactions and how they affect the accounting equation. Enter your name and email in the form below and download the free template now! You can use the Excel file to enter the numbers for any company… Continue reading The accounting equation Student Accountant Students

Hey, Did We Answer Your Financial Question? Understanding the Core Components of the Accounting Equation All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. Assets, liabilities, equity and the accounting equation are the linchpin of your accounting system. The company’s assets are equal to the sum… Continue reading What Is the Accounting Equation, and How Do You Calculate It?

As the world’s first integrated, licensed, and regulated global payroll and payments system, Papaya offers a comprehensive solution for companies operating in multiple countries. With the ability to fund in 12 different currencies and make payments in over 160 countries, Papaya is the go-to platform for businesses with a global workforce. Unlike traditional payroll and… Continue reading The complete guide on outsourcing to India pros, cons, how-to

Credits (cr) record money that flows out of an account. To use that same example from above, if you received that $5,000 loan, you would record a credit of $5,000 in your liabilities account. Ever wondered how businesses keep track of their finances accurately? Picture debit as the left hand in the world of accounting.… Continue reading Accounting Debit vs Credit Examples & Guide

Each sheet features 41 numbered lines and 12 columns, providing ample space for notes, and comes in a large 11” x 16-3/8” size that can fold down to fit into a standard letter-size folder. The sheets are also pre-punched with three holes, making them easy to store in a three-ring binder. The green-tinted paper is… Continue reading How to Fill a Columnar Pad: A Comprehensive Guide for Record-Keeping Enthusiasts

If an employee owes your company money because of a payroll advance, then your company can withhold money to pay back the advance at rates that may reduce the employee’s pay below the minimum wage. Note that this is a federal exception, and some states do not allow this practice, so check your state and… Continue reading Paycheck advance advice for employers

It defines eligibility criteria, legitimate reasons for requesting an advance, repayment terms, and the process for application. The policy ensures fairness, transparency, and https://accounting-services.net/ adherence to legal requirements. Reputable on-demand pay providers will often provide a comprehensive employee portal that allows workers to quickly access earned wages. A paycheck advance is an advance on a… Continue reading What You Should Know About Payroll Advances

A strong equity ratio also suggests a strong financial foundation, implying that the company might not struggle with loan repayments. Therefore, lenders might consider the business as low risk, leading to favorable lending terms for the business. These favorable terms might include lower interest rates or more flexible repayment schedules, significantly reducing the cost of… Continue reading Equity Ratio Definition, How To Calculate, Importance

This, in turn, generally implies a low debt ratio, as the company is not heavily reliant on borrowed funds to finance its operations. The debt-to-equity ratio is calculated by dividing total liabilities by shareholders’ equity or capital. If you want to calculate the value of a company’s equity, you can find the information you need… Continue reading Equity Ratio Formula + Calculator