by Kyross | Sep 20, 2023 | Bookkeeping
In our article about the compound interest formula, we go through the process of how to use the formula step-by-step, and give some real-world examples of how to use it. This will give you the compound interest rate for your investment. Here are some frequently asked...
by Kyross | Sep 15, 2023 | Bookkeeping
Rent, utilities, office staff wages, maintenance staff wages, supplies, equipment repairs, taxes, etc., are all considered overhead costs. As with tax accounting, financial accounting mistakes can cost you a lot of money and get you in legal trouble. There are a...
by Kyross | Sep 7, 2023 | Bookkeeping
Manual data entry often results in mistakes, especially when recording a large number of transactions. This allows you to focus on other aspects of your business, such as sourcing products and marketing. Regular financial analysis enables you to understand your...
by Kyross | May 8, 2023 | Bookkeeping
FAO operations are crucial as they help you manage cash flow, cut down unnecessary expenditures, and point out areas needing more funds. These operations directly impact your company’s long-term growth and sustainability. In this article, we’ll share the pros of...
by Kyross | Aug 19, 2022 | Bookkeeping
An asset can also represent access that other individuals or firms do not have. Furthermore, a right or other type of access can be legally enforceable, which means economic resources can be used at a company’s discretion. An asset can be thought of as...
by Kyross | May 26, 2022 | Bookkeeping
But using constraint analysis, your managerial accountant reveals that this prevents you from hitting your short-term margin goals. They then suggest that your sales staff conducts more meetings using video conferencing and reserve face-to-face meetings for only the...
