Category: Bookkeeping

For example, if a company notices that its accounts uncollectible are either remaining steady or increasing, it is extending credit to risky customers and therefore should improve its vetting measures. If a customer has not paid after three months, the amount may be assigned under “aged” receivables, and if more time passes, the vendor could… Continue reading Managing Uncollectible Accounts in Financial Reporting

75% of our customers agree that our bookkeeping services saves them time to focus on growing their business. Supporting Strategies provides outsourced bookkeeping services, controller services and operational support to growing businesses. Your bookkeeping team consists of 3 professionally trained bookkeepers, including one senior bookkeeper who reviews all of your monthly statements and your Year… Continue reading 3 Best Accounting Firms in Detroit, MI

But when considering required capital ratios outside of historical norms, the assumption of linearity is unlikely to hold. And, like prior research, I have assumed that banks do not respond to capital requirements by rebalancing their portfolio. In particular, the analysis above does not include a mechanism for banks to reduce the risk of their… Continue reading Margin of Safety: Formula and Analysis

What remains after deducting total liabilities from the total assets is the value that shareholders would get if the assets were liquidated and all debts were paid up. For example, if the assets are liquidated in a negative shareholder equity situation, all assets will be insufficient to pay all of the debt, and shareholders will… Continue reading How to calculate stockholders equity on balance sheet?

Don’t hesitate to take advantage of free trials or demos to test the gateway’s features and usability. Additionally, read reviews and seek recommendations from other business owners in your industry. A scalable payment gateway ensures that you won’t outgrow your provider, saving you the hassle of switching later. Look for fraud detection tools such as… Continue reading 11 Best Payment Gateways: Easy Setup & Low Fees in 2025

Lato Petrova & Pearson – Certified Public Accountants is a certified public accounting firm located in Las Vegas that specializes in accounting, tax services, and consulting. Services include tax preparation for individuals, businesses, and non-profit organizations. The company also provides bookkeeping services for all types of businesses. The firm employs two QuickBooks ProAdvisors in the… Continue reading Saving You Time & Money

In summary, the Acid-Test ratio is a crucial liquidity ratio that measures a company’s ability to meet its short-term obligations. It provides insight into a company’s cash flow management and ability to pay its bills on time. Investors, creditors, and financial analysts should keep a close eye on this ratio to assess a company’s financial… Continue reading How Do You Measure the Acidity pH of the Ocean?

Recording adjusting entries is essential for accurate financial statements. These entries are made at the end of an accounting period and require a thorough understanding of financial transactions and applicable accounting standards. Adjusting entries help align revenues and expenses with the correct time periods, providing a clearer picture of a company’s financial health. Without these… Continue reading Adjusting Entries Types Example How to Record Explanation & Guide

Bloom’s freelancer invoice system is designed to streamline how to invoice as a freelancer your invoicing process. From customizable freelance invoice templates to simple, free invoice templates, we provide the tools you need to create clear, professional invoices. Each invoice you send to a client reflects your professionalism and attention to detail. FreshBooks streamlines the… Continue reading How to Invoice as a Freelancer: Things You MUST Include & Free Template

The expenses statement helps you see how well you’re managing your resources and whether your spending aligns with your mission. The main goal of the not-for-profit income statement is to show how well your nonprofit is doing financially. So, while both types of organizations keep track of their finances, they report and use that money… Continue reading A Simple Guide to Accounting for a Nonprofit Aplos University