Catégorie : Bookkeeping

By promoting best practices and methodologies, CPCON empowers auditors to employ a systematic approach to evidence gathering, enhancing the quality and integrity of audit processes. Audit evidence refers to the information collected by auditors to support their conclusions and opinions on an entity’s financial statements. It includes a variety of data, such as documents, records, […]

Our vertical analysis calculator is available to assist in carrying out the required calculations. The vertical analysis calculator spreadsheet is available for download in Excel format by following the link below. A handy tip is to set up a simple Excel template to serve as an automated vertical analysis calculator. Horizontal analysis indicates long-term trends […]

The accrual method requires detailed record-keeping and a clear understanding of revenue timing. Companies must regularly assess unearned revenue accounts to determine when obligations have been fulfilled and revenue can be recognized. This often involves sophisticated tracking systems and periodic reviews. Failure to account for unearned revenue accurately can result in misstated financial statements, affecting […]

This means you can make informed decisions promptly, respond to market changes, and adjust your strategies as needed to optimize business performance. Our goal is to connect people with the best local professionals. We scored San Antonio bookkeeping services on more than 25 variables across five categories, and analyzed the results to give you a […]

These entries ensure your financial statements properly match revenues and expenses to the correct accounting period. The accounting month-end close is a structured financial procedure that finalises and validates all your business’s financial transactions for the preceding month. This process creates a clear cutoff point, ensuring that all revenue, expenses, assets, and liabilities are accurately […]

The contribution margin shows how much additional revenue is generated by making each additional unit of a product after the company has reached the breakeven point. In other words, it measures how much money each additional sale « contributes » to the company’s total profits. Reduce variable costs by getting better deals on raw materials, packaging, and […]

This is because the breakeven point indicates whether your company can cover its fixed cost without any additional funding from outside financiers. The following are the steps to calculate the contribution margin for your business. And to understand each of the steps, let’s consider the above-mentioned Dobson example. As you can see, the net profit […]

The number of books a library should have depends on the purpose and context of the collection. While it’s true that having a large number of books can be overwhelming, it also means that the library can cater to a wider audience and offer a more diverse selection of titles. In summary, the number of […]

In summary, Bill.com integrations with major accounting platforms streamline critical financial operations for long-term efficiency and cost savings. The synchronized data and organized document storage enhances productivity, cash flow visibility, and informed decision making. Bill.com offers several easy payment options to help streamline your retail business’s accounts payable and accounts receivable workflows. General A/P Features […]

This system of bookkeeping states that business transactions will be recorded in two different accounts in the accounting system of a business. This is because, according to the double-entry concept, a transaction affects, at least, two accounts. These transactions are first analyzed and then recorded in two corresponding accounts for the business transaction. Understanding and […]