Category Archives: Bookkeeping

Past performance, while not an infallible predictor, offers invaluable insights. By delving into historical data, businesses can trace the trajectory of their gross margin. While high revenue can be a sign of flourishing sales, it’s the interplay between revenue and costs that truly defines a company’s financial health. It’s the top line on the income […]

A business owner must define a clear company policy to outline how his organization handles the stale-dated check. Under this policy, he must ensure the check received is deposited in the bank within a month. Furthermore, the policy must state the rules about the action to stale dated check definition be done if the recipient […]

The steady decline in the number of checks written each year, combined with the rapid adoption of innovative and convenient payment services, may make float a thing of the past. Cash management is the monitoring and maintaining of cash flow to ensure that a business has enough funds to function. While both are essential for […]

The projections guide clients in making the right decision and applying the best strategies to improve financial performance. The team conducts virtual accounting services through web meetings, often recording the sessions with remote or distant clients for later reference. Bookkeeping services in Seattle are firms that offer services like recording, verifying, and reconciling financial transactions. […]

The journal entry includes the date, accounts, dollar amounts, and the debit and credit entries. You’ll list an explanation below the journal entry so that you can quickly determine the purpose of the entry. This term pertains primarily to cash-intensive businesses in the retail and banking sectors, as well as those that need to handle […]

Carrying over inventories and overhead costs is reflected in the ending inventory balances at the end of the production period, which become the beginning inventory balances at the start of the next period. It is anticipated that the units that were carried over will be sold in the next period. If the units are not […]