Category Archives: Bookkeeping

4 Best Accounting Software For Auto Repair Shops

Utilizing specialized software like AutoVitals can streamline this process by integrating warranty information directly into the shop’s management system. Extended service contracts and maintenance packages offer a steady stream of income and help build long-term customer relationships. These packages often include regular maintenance services like oil changes, tire rotations, and inspections at a discounted rate. […]

What Are Assets, Liabilities, and Equity?

Although a lot of investment choices are based on the amount of risk we are willing to face, we cannot ignore all the important factors mentioned above. The sum of the company’s liabilities is the next component of the equation. Upgrading to a paid membership gives you access to our extensive collection of plug-and-play Templates […]

75 Basic Accounting Terms and Definitions

Moreover, AP Contact provides real-time visibility into spending patterns and vendor performance, empowering you to make informed decisions based on accurate data. By leveraging this valuable information, you can negotiate better terms with suppliers, identify potential cost-saving opportunities, and optimize your procurement strategy. Streamlining your procurement process is crucial for any business looking to maximize […]

What Is Depreciation: Definition, Types, and Calculation

All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. The concept of useful life represents the period beyond which it would not be practical to use an asset anymore. In this example, we can say that the service given by the weighing machine in its first […]

What Is Depreciation: Definition, Types, and Calculation

All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. The concept of useful life represents the period beyond which it would not be practical to use an asset anymore. In this example, we can say that the service given by the weighing machine in its first […]

What Is Depreciation: Definition, Types, and Calculation

All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. The concept of useful life represents the period beyond which it would not be practical to use an asset anymore. In this example, we can say that the service given by the weighing machine in its first […]

How to Manage Payroll for Your Small Business

SurePayroll is designed for small business owners and includes a special version for those paying domestic staff. Best for small businesses with 10 employees or less, SurePayroll has worked to automate the entire payroll process, a major bonus for already overworked business wave to zoho books migration guide 2020 owners. Use this tool to explore […]

Price-to-Earnings P E Ratio: Definition, Formula, and Examples

However, including the company’s growth rate to get its PEG ratio might tell a different story. PEG ratios can be termed “trailing” if using historical growth rates or “forward” if using projected growth rates. The P/E ratio also helps investors determine a stock’s market value compared with the company’s earnings. That is, the P/E ratio shows what the market […]

What Is a Good Debt-to-Equity Ratio and Why It Matters

Even if the trade does return to profitability, the waiting extends the trade time (and ultimately reduces ROC). The worst case scenario is that the Credit Received (e.g. $192) is the lowest cost of the trade – e.g. it never get better. You are never in the ‘profit zone’ and instead left in the loss […]

Today’s 30-year mortgage rates hold steady while 15-year rates rise March 26, 2024

Minutes of all board meetings should be recorded and kept with the corporation’s records. This means your business assets and liabilities are not separate from your personal assets and liabilities. You can be held personally liable for the debts and obligations of the business. Since most corporations sell ownership through publicly traded stock, they can […]