Bookkeeping

Among the location hazards facing a business are nearby fires, storm damage, floods, hurricanes or tornados, earthquakes, and other natural disasters. Employees should be familiar with the streets leading in and out of the neighborhood on all sides of the place of business. Liability or property and casualty insurance is often used to transfer the […]

Even for a small business, however, more digits allow the flexibility to add new accounts as the business grows in the future, while maintaining the logical order of the coding system. Here’s how to calculate the current ratio, a financial metric that measures your company’s ability to pay off its short-term debts. Expense accounts are

Those with complex structures, including potential dilutive securities, must report both basic EPS and diluted EPS. In recent years, more companies have been increasingly inclined to participate in share buyback programs, rather than issuing dividends. In contrast, early-stage companies with a significant number of promising growth opportunities are far more likely to keep the cash

The more you reconcile any kind of account, the more likely it is that you will pick up discrepancies. When a parent company has several subsidiaries, the process helps identify assets. These may be the result of billing mistakes related to loans, deposits, and payment processing activities. A company would then be able to put