Invoices are most commonly sent as a document (Microsoft Word or Google Docs), a spreadsheet, a PDF, or via specialized invoicing software. Whichever way you go, use a template and lock in details like your business name, bank details and payment terms so you don’t have to keep rewriting them on every invoice. Project codes […]

Content What Does A Fractional CFO Do At A Startup? CFO Services For Startups: Everything You Need To Know About Finding, Vetting, and Hiring a Startup CFO What is a fractional Controller’s job responsibility? Interview three fractional CFOs. The right time to hire a fractional CFO depends on a company’s stage of growth or financial […]

If you received a check from somebody, this section tells you where they bank and where the money will come from. If you want to cash the check, you may be able to do it at that bank (any branch location—it doesn’t necessarily have to be at the same address shown on the check). The […]

Tax depreciation is often accelerated, meaning that more of the asset’s value can be written off in the early years. This is done because it provides a tax benefit in the form of lower taxes payable. If you are thinking of claiming tax depreciation, it is important to seek professional advice to ensure that you […]

Tax depreciation is often accelerated, meaning that more of the asset’s value can be written off in the early years. This is done because it provides a tax benefit in the form of lower taxes payable. If you are thinking of claiming tax depreciation, it is important to seek professional advice to ensure that you […]

Content Best Accounting Software What is a clearing account and how to use it for e-commerce business purposes FreshBooks Ramp: Syncs real-time data to keep financial records updated Zoho: Best for ease of use Inventory It also offers scalability through its several tiered plans, though the lower-cost options limit your functionality. Zoho also provides several […]

Content Business services Choose up to 3 banks you’d like to compare. How do I earn Debit Card Cashback Bonus with my Discover Cashback Debit Account? Debit Notes debit In double-entry bookkeeping, all debits are made on the left side of the ledger and must be offset with corresponding credits on the right side of […]

Throughout the grand opening month of September, the store sells 80 of these shirts. All 80 of these shirts would have been from the first 100 lot that was purchased under the FIFO method. To calculate your ending inventory you would factor in 20 shirts at the $5 cost and 50 shirts at the $6 […]

Content 1 How profit is measured and reported under the accrual and cash bases of accounting Accounting software All About Timing Advantages and Disadvantages of cash accounting Cash vs. Accrual Accounting: The Bottom Line It is crucial to grasp the fundamental distinction between the accrual and cash bases of accounting in order to comprehend the […]

While core net income increased, GAAP net income fell, primarily due to the formulaic rise in incentive fees. Unlike core net income, GAAP net income does not strip out capital gains incentive fees attributable to net realized / unrealized gains / losses. We expect fee income to continue to recover through the year, taking advantage […]