Category: Bookkeeping

In July 2022, we estimated that pharmacy services profit pools would grow at a 3 percent CAGR from 2021 to 2025. Our updated estimates found that this growth rate will remain the same from 2021 through an additional year of 2026, with profit pools reaching $65 billion by 2026 from $55 billion in 2021. However, […]

It’s not just about a safe place to leave your child while you’re at work. Regardless of how the economy looks when you decide to start your own business, setting yourself up with a recession-proof business is a solid plan. You never know what the future holds, and these business ideas can give you some […]

Most companies use computer software to keep track of their accounting journal with their bookkeeping entries. Larger businesses adopt more sophisticated software to keep track of their accounting journals. The financial transactions are all recorded, but they have to be summarized at the end of specific time periods. Other smaller firms may require reports only […]

In France, liabilities and equity are seen as negative assets and not account types in themselves, just balance accounts. If the amount of the journal entry is mixed in with the regular wage expense accounts, it can be difficult to see how much of the wage expense relates to cash payments and how much is […]

An IPO is a major way for a company seeking additional capital to expand the enterprise. To begin the IPO process, a company works with an underwriting investment bank to determine the type and price of the stock. Once the IPO is complete, the stock becomes available for purchase by the general public on the […]

Her work has appeared on Business.com, Business News Daily, FitSmallBusiness.com, CentsibleMoney.com, and Kin Insurance. At the end of the accounting period, take the time to make adjustments to your entries. For example, you may have estimated certain invoices that are later solidified with an actual number. If you’re on a budget, you can reduce costs […]

Where only the NZD 300 threshold is breached, FBT needs to be returned only on those amounts. A statutory-based scheme of accident insurance is funded in part by premiums payable by employers and employees. Customs duty is levied on some imported goods at rates generally ranging from 1% to 10%. If you paid more GST […]

You may not need to be credentialed to open an accounting franchise, but it helps to be a licensed CPA, CFA, or another financial professional. The economy is on everyone’s mind in 2023, with everything from the housing market to inflation making headlines. If this has you considering your first (or next) small business opportunity, […]

It’s important to find an outsourced bookkeeping partner that will invest the time required to truly get to know your business. At the same what is the difference between rent receivable and rent payable time, bookkeeping is a relatively manual, labor-intensive process that takes up a significant amount of time. Organizing all of your business’s […]

In France, liabilities and equity are seen as negative assets and not account types in themselves, just balance accounts. If the amount of the journal entry is mixed in with the regular wage expense accounts, it can be difficult to see how much of the wage expense relates to cash payments and how much is […]