However, Merritt can still recommend a solid payroll provider or tax consultant who meets your needs. To learn more about LBMC’s outsourced accounting services, contact an advisor today. Cloud-based accounting software like average payment period FreshBooks is a comprehensive program that offers robust, trustworthy, and cost-effective financial services. If you’re tired of doing your own bookkeeping, […]

Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized what type of account is […]

In Singapore, it is imperative for companies to prepare and process employees’ salaries on time and accurately to avoid facing heavy penalties. Therefore, having a reliable payroll system and a competent professional to assist you will ensure that you stay compliant with local regulations. In addition, Singapore companies must carry out and adhere to local […]

It allows me a place to capture all these fluttering thoughts and frustrations and joys which fluctuate through me on a daily basis. It clears my mind of flotsam and frippery, helps me articulate what I’m thinking or feeling, and paves the way for creative thoughts. This is an additional column that can be used […]

The first pieces of information required are the fixed costs and the gross margin percentage. Assume an investor pays a $4 premium for a Meta (formerly Facebook) put option with a $180 strike price. That allows the put buyer to sell 100 shares of Meta stock (META) at $180 per share until the option’s expiration date. Business Breakeven […]

You can calculate the break-even point after assigning costs to fixed or variable categories for each product. To calculate the break-even point in sales dollars, divide the total fixed costs by the contribution margin ratio. The contribution margin ratio is the contribution margin per unit divided by the sale price. We and our partners process […]

Like accounting, financial planning services are always in demand, on both a personal and business level, to help save money and maximize profits. Financial planning spans services from retirement funds to wealth management, investment strategies to business plans. The healthcare industry is full of essential services that are truly recession-proof. Home health companies What has […]

Be it startups, small to medium-sized businesses, or non-profit organizations, outsourcing offers major advantages. Outsourced accounting refers to all the accounting services from an external service provider hired by a business. The Essential plan, starting at $750 per month, includes the native bookkeeping software and a dedicated controller and team to handle full-service outsourced bookkeeping […]

For example, the accounts receivable account will usually have a positive balance. We will apply these rules and practice some more when we get to the actual recording process in later lessons. This graphic representation of a general ledger account is known as a T-account. Time Period Assumption For example, Lynn Sanders owns a small printing […]

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. You will credit “Administration — Office Supplies Expense” and debit “Administration — Minor Tools & Equipment Expense”. The ELPAC helps teachers make sure that all students are able to access […]