Bookkeeping

Cost of Goods Sold Journal Entry COGS What Is It

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In certain scenarios such as when sales impact multiple periods, recording COGS in the appropriate period can be difficult due to system limitations. When calculating COGS, the first step is to determine the beginning cost of inventory and the ending […]
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Cash Sweep Know How Cash Sweeps Benefit Businesses

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By reducing outstanding debt, corporations are also in a more favorable position to refinance their debt due to the reduction in their outstanding balance. First, you’ll work with your bank to establish the terms of the program, including the target […]
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Activity Based Costing Explained Example Included

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While it’s a valuable management tool, it isn’t GAAP-compliant and can’t be used for external reporting by public companies. Therefore, if a company uses variable costing, it may also have to use absorption costing (which is GAAP-compliant). To determine product […]
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Net cash flow Definition and calculation

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For businesses and investors alike, the results of ncf formula an NCF calculation can be a watershed moment in decision-making. A positive net cash flow signals to businesses that they may have excess cash to invest in new projects, pay […]
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Best Bookkeepers in Clarksville Tennessee Bookkeeping Services

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Our platform automates data inputs from a wide range of top providers, reducing the risk of errors and ensuring accuracy. We’re in partnership with industry giants such as Gusto, Stripe, Shopify, and Square, assuring that your financial picture in Clarksville […]
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Financial Leverage Meaning, Ratio, Calculation, Example

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For businesses, leverage creates more debt that can be hard to pay if the following years present slowdowns. The goal of DFL is to understand how sensitive a company’s EPS is based on changes to operating income. A higher ratio […]
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Reading HOA Balance Sheets Financial Literacy for Boards

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Understanding the balance sheet is fundamental to helping HOA board members make informed financial decisions, monitor the association’s financial health, and plan for the future. It offers foundational information to calculate financial ratios and perform other financial analyses. The Budget […]
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Accounting for Startups The Complete Guide Tide Business

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Providing stakeholders with timely and reliable financial documents such as balance sheets and income statements fosters trust and confidence in the startup’s operations and governance. Navigating local tax laws and tax obligations can be daunting for startups, especially in the […]
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Seven Ways To Build A Scalable Marketing Strategy For Startups

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It’s not just about getting the how to scale a business quickly product delivered—it’s about setting things up so your team is confident and ready to keep building, improving, and scaling long after launch. Development doesn’t stop at launch—ongoing support, […]
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Everything You Need to Know About HOA Accounting

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It can also protect your association and board from potential legal issues. It depends on your state laws and what your governing documents say. Some HOA bylaws require yearly audits, while others only require one every three or so years. […]
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