Bookkeeping

The best way to reduce the amount of money and supply chain issues is the amount of inventory you need in the first place. By dividing the cost of goods sold (COGS) within a given period by the average time list within that same accounting period. Knowing your inventory turnover ...

Perhaps the payment processor made a mistake, or your bank charged you twice. It also secures data storage with SSL encryption and automates bank data importation. You can also receive invoice details, accounts aging, sales tax summaries, and more. Numerous daily sales, refunds, and payment processor fees can make tracking ...

Once rents, administrative costs and the first tiers of debt are paid off, then the holders of preferred stock are paid, and only then are holders of common stock entitled to anything. In other words, this kind of stock is “preferred” over the common stock holder. Callable shares are preferred ...

The cash ratio provides an estimate of the ability of a company to pay off its short-term debt. Using the D/E ratio to assess a company’s financial leverage may not be accurate if the company has an aggressive growth strategy. A lower D/E ratio suggests the opposite – that the ...

After signing up for a free account and entering basic property and banking information, Stessa begins automatically tracking income and expenses. There’s  little learning curve because the system uses intuitive features to auto-categorize charges to the correct accounts. According to IRS Topic No. 414 Rental Income and Expenses, most real ...

On this call, we’ll connect your accounts to Bench, and gather any extra documentation we need to complete your books. Here are answers to some frequently asked questions about bookkeeping services in Chicago. Complete Controller’s cloud-based record retention with data encryption and protected views guards your financial information. The firm ...