Occasional negative cash flow is not a big deal, but consistent negative cash flow, especially in your business operations, can mean you’re not making enough money to cover your expenses. One option is to adjust prices upward on goods that are in high demand or for which there are no competing products, since this increases …
Cash Flow Statement CFS Preparation Examples & Solutions Read More »
Xendoo has three tiers of pricing based on your company’s total monthly expenses. The Essential plan costs $395 per month (up to $50,000 in expenses), the Growth plan costs $695 per month (up to $75,000 in expenses) and the Scale plan costs $995 per month (up to $125,000 in expenses). Companies with total monthly expenses …
6 Best Online Accounting Firms for Small Business of 2023 Read More »
Among them, my top pick is QuickBooks Live due to its robust feature set, scalability, and competitive pricing. Find the perfect blend of affordability, functionality, and simplicity for your business needs. This list explores the top 5 alternatives to Bench, catering to a diverse range of needs. Whether you’re a startup, solopreneur, or established small …
Bench Market Share, Competitor Insights in Accounting Read More »
The additional exemption of up to $25,000 applies only to non-school taxes. Since Florida does not have a state income tax for individuals, they figured out different ways to generate revenue for the state. Some of those ways are the Florida Hotel Tax and various Florida Bed Taxes. If you own a short-term rental in …
Tax cuts, pay raises in proposed state budget from Gov DeSantis Read More »
Understanding trends in doubtful accounts can provide valuable insights into a company’s financial health and operational efficiency. By examining these trends over time, businesses can identify patterns that may indicate underlying issues such as deteriorating customer credit quality or economic downturns. By monitoring customer payment behavior, we can provide insights into customer delinquency trends to …
Many of the operations are automated in the software, making it easy to get accurate debits and credits entered. You can look at freelance sites, such as Upwork, to see what others are charging for bookkeeping services, but you can also learn a lot by asking around. Talk to businesses in your area to see …
Yardi Breeze is property management software designed for you. Our refreshingly simple platform puts you in charge of marketing and managing your entire portfolio, with support for residential, commercial, affordable, self storage, HOA/condo and manufactured housing properties. Rest easy knowing your reports are accurate with Yardi’s trusted, built-in accounting system to track your revenue and …
Yardi Matrix > Matrix Industrial Report-December 2023 Read More »
If you obtained a mortgage before December 17, 2017, you can deduct up to $1,000,000 of interest. Mortgages originating after that date are eligible for an interest deduction of up to $750,000. The intuition here is that the company has an $800,000 reduction in taxable income since the interest expense is deductible. In order to …
How Tax Shields Can Be Used to Reduce Income Tax Read More »
Bank reconciliation is the process of comparing the balance as per the cash book with the balance as per the passbook (bank statement). The very purpose of reconciling the bank statement with your business’ books of accounts is to identify any differences between the balance of the two accounts. The items on the bank reconciliation …
How to Journalize Entries From a Bank Reconciliation Chron com Read More »
Your billing process can significantly impact your customer’s experience. For example, a professionally formatted invoice for construction work can reduce billing questions and improve clarity. As a result, your customers can see precisely what they are paying for and how much it costs in black and white, which mitigates the risk of a misunderstanding or …
How To Write Escalation Email For Delay In Response: A Step-by-Step Guide Read More »