Bookkeeping allows agencies to monitor cash flow with precision, ensuring that there is enough liquidity to cover operational expenses, pay employees, and invest in business development initiatives. QuickBooks is a great system for most businesses but not insurance agencies. Never use QuickBooks unless you have a high degree in accounting gross vs net and possess […]
But for patients with renal impairment, especially people who are already on dialysis and/or taking medication, certain measures need to be taken, information to be shared. Seeing a doctor as soon as possible helps ensure appropriate treatment and can reduce the risk of complications. It is the body’s way of warning of a potentially serious […]
One of the primary reasons for calculating common stock on the balance sheet is to provide financial transparency. The balance sheet shows the company’s assets, liabilities, and equity, which helps stakeholders understand the company’s financial position. The calculation of common stock provides additional information about the company’s ownership structure and how many shares of stock […]
Dividends are typically distributed from the company’s current or retained earnings. The amount of dividends paid out by a company directly impacts its retained earnings. Retained earnings and dividends represent different paths for a company’s income statement accounts net income. Retained earnings on a balance sheet are those profits that a company chooses to reinvest […]
Net income is the total amount of money your business earned in a period of time, minus all of its business expenses, taxes, and interest. Net income refers to the income left over after all expenses have been deducted from a business’s collected revenue. Some small businesses try to operate without preparing a regular income […]
Sales revenue minus cost of goods sold is a business’s gross profit. The cost of goods sold (COGS) is the cost related to the production of a product during a specific time period. It’s an essential metric for businesses because it plays a key role in determining a company’s gross profit. Cost of goods sold […]
Specifically, of our 250 retail locations, 240 are subject to operating leases and 5 are subject to finance leases. In addition, we lease our corporate headquarters facility, as well as various warehouses and regional offices. We are also a party to an additional 12 leases in which we previously operated a retail location, but which […]
All your data is in one place so you’ll always have access to the latest data even with multiple collaborators like your bookkeeper or your accountant. You can also accept payment directly through this online invoice by credit card, debit card, and ACH bank transfers. The easier you make it for your clients to pay, […]
If you’re fed up with your current system, a provider can even help you onboard a new one.Easy integration helps you get started quickly so you can see value immediately. According to one study, 78% of best-in-class businesses had adopted e-invoice processing technology compared to just 38% of their struggling competitors. The study also revealed that best-in-class […]
This helps explain why a single business transaction affects two accounts (and requires two entries) as opposed to just one. In this case, the cash account is debited with $100, and the sales account is credited with $100. On one side of the accounting equation, you have an increase in assets, specifically your cash account. […]