For instance, a significant increase in fixed assets might suggest a major investment in infrastructure. If this increase isn’t accompanied by a commensurate rise in funding or revenue, it could indicate a future liquidity problem. The letter from the independent auditor highlights their opinion that Save the Children is following all required financial laws. Online […]
For example, a local coffee shop wants to buy five cases of espresso from their favourite distributor. The coffee shop owner might sign a purchase order when they buy the product. The distributor will issue https://megapolisnews.com/navigating-financial-growth-leveraging-bookkeeping-and-accounting-services-for-startups/ an invoice meaning that the customer has received the products and now is required to pay for them. Now, […]
Whereas a business operating with more salaried employees will likely pay employees semi-monthly because there is no need to track weekly hours. A bi-weekly pay schedule also means consistency in the days of the week you are paid, which can make certain financial situations a little bit easier. From an efficiency perspective, the semimonthly payroll […]
Bookkeeping is a rather simple and straight forward process which can be easily learnt while you’re on-the-job. Check out our helpful guide for deciding when is the right time for your business to invest in hiring a bookkeeper. Accountants on the other hand, go through rigorous training and standardized exams to become certified public accountants. […]
