Bookkeeping

Not only are you entrusting your bookkeeper with sensitive data, you are relying on their accuracy to maintain the financial records for your business. A good bookkeeper never cuts corners,…

It may be calculated as either EBIT or EBITDA divided by the total interest expense. Otherwise known as the interest coverage ratio, the TIE ratio helps measure the credit health…

Interest expenses are reported on the statement of cash flow as a negative amount, which shows that money is being taken out of the company’s coffers. To calculate interest paid…

A CFA is likely to receive and analyze reports produced by a CPA or other accountant. Public companies produce annual reports that are often prepared by CPAs, and on the…

Allowances are less common than returns but may arise if a company negotiates to lower an already booked revenue. If a buyer complains that goods were damaged in transportation or…

You’ll be able to analyze which client payments are nearing the bad debt period limit. If your clients collectively start delaying payments, your business will face credit risk ultimately. Accounts…

This results in recognition of accrued expenses, accounts receivables, deferred revenue, and prepaid assets. Accruals occur when the exchange of cash follows the delivery of goods or services (accrued expense…

You must keep it elsewhere and make it available as support to the IRS director for your area on request. Generally, an adequate record of business purpose must be in…

Accounting software can significantly improve the financial management of your photography business. These tools offer a streamlined solution for recording financial records, tracking sales, managing payables and purchase orders, and…

More importantly, they can help you centralize key data and bring transparency to your startup’s finances. Using even many payroll professionals eventually makes it hard to payroll automation manage that…