Bookkeeping vs accounting: Main differences

1403-02-16T08:23:33+00:00Categories: Bookkeeping|

While a bookkeeper can help with the precise details of the business, an accountant is better suited to do bigger-picture analysis and strategic planning. Your accountant will also use information from the ledger to prepare your tax documents, so it is crucial the two roles work together for accurate IRS reporting. https://centraltribune.com/navigating-financial-growth-leveraging-bookkeeping-and-accounting-services-for-startups/ Think of your bookkeeper [...]

Fixed Asset Turnover Ratio Formula Example Calculation Explanation

1403-06-23T00:33:25+00:00Categories: Bookkeeping|

A company's asset turnover ratio will be smaller than its fixed asset turnover ratio because the denominator in the equation is larger while the numerator stays the same. It also makes conceptual sense that there is a wider gap between the amount of sales and total assets compared to the amount of sales and a subset [...]

Invoice Definition, Types & Best Practices for Businesses

1403-02-18T18:24:11+00:00Categories: Bookkeeping|

Any document that is used by a business to inform a customer that their account has been debited for a certain amount is a debit memo. Essentially, it is the opposite of a credit memo, which is used to credit a customer’s account. In this case, the organization would issue a credit memo for ₹50 to [...]

Fort Lauderdale, FL CPA Firm SMS Tax and Accounting Services, LLC

1403-03-02T08:08:14+00:00Categories: Bookkeeping|

This service offers you the ability to pay your fee using Visa, MasterCard, Discover, or American Express, through PayPal's secure web-based system. Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you. Estate [...]

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