Advantages of outsourced bookkeepingToday, many business owners increasingly prefer to outsource the bookkeeping work of their company. The advantages in monetary savings over a full-time accountant are obvious. But is it only money that makes a diff... Read more
Gross marginIn the course of its activity, every business owner has to calculate different financial indicators to know where to guide its small business. They are needed to assess the results of its work and identify the level of profitability. One... Read more
DefinitionFinancial leverage is the ratio of a company's debt to equity. It characterizes the degree of risk and stability of the company. The less financial leverage, the more stable the position. On the other hand, borrowed capital allows you to in... Read more
OverviewThe main source of funds for the enterprise is the proceeds from the sale of products/services and profits. The absolute value of these indicators, as well as their dynamics for the reporting period, characterize the efficiency of the enterpr... Read more
OverviewAccounting is an all-encompassing term that can mean regular general ledger accounting, creating financial statements, performing audits, doing taxes, and much more. The two general categories of accounting are public and private.Public accou... Read more
DefinitionTimes interest earned ratio allows looking at how much money the company is bringing in and evaluate if it can take care of its immediate financial burdens. One of these burdens is the interest companies have to pay to be able to use the mo... Read more
PayrollSalaries are the main motivating factor in one's work. Besides the actual amount, a no less important factor is the correctness of its calculation and timely payment. For an employer, wages often fall under the main expenses that need to be co... Read more
What is the source of the assets a company owns? The organization cannot function without a constant flow of funds. The company takes money from various sources: loans, equity capital, profits, and so on. All of them must be recorded on the account.... Read more
OverviewThe Balance sheet is the type of reporting that almost all business entities are required to prepare. This document presents the most complete overview of all the processes that take place within the company.A Balance sheet is a document that... Read more
OverviewFinancial data is a valuable resource for management, investment, and other decisions. To make it more useful, bookkeepers create temporary accounts to track revenues and expenses. Periodically, they close (zero out) these accounts to start f... Read more
