Knowing how to calculate contribution margin allows us to move on to calculating the contribution margin ratio. To get the ratio, all you need to do is divide the contribution margin by the total revenue. Investors and analys [...]
Ver MasFor any delivery service you may use, always request confirmation that the IRS has received it. For example, if you use the US Postal Service, you can request one of their additional services to ensure delivery confirmation. [...]
Ver MasThe investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. Reconstruct record [...]
Ver MasIf you’re feeling overwhelmed by the number of accounting tasks, it may be time to bring on some help. Hiring a good bookkeeper or accountant can help take care of many of the bookkeeping tasks that you may not have time for. [...]
Ver MasThey appreciate that the software’s automations create business efficiencies. Overall, they have mixed feelings about its affordability for small businesses and the quality of its customer service. Many complain that the soft [...]
Ver MasAnd the benefit of working with an online service means that you can store your data securely in the cloud, and access your financial info from anywhere, any time. Our team of senior accountants and controllers will help you [...]
Ver MasA bank reconciliation statement is a summary that shows the process of reconciling an organization’s bank account records with the bank statement. It lists the items that make up the differences between the bank statement bal [...]
Ver MasBut depending on your lender, some may require you to take semi-truck financing or a business auto loan. On the upside, you own the equipment right away and you can secure competitive rates if you have strong revenue and busi [...]
Ver MasWhat’s important to recognize is how inventory valuations and methods impact COGS and COGM for accounting for manufacturing. Since financials are reported periodically, tax deductions for donating office space to a nonprofit [...]
Ver MasThe bookkeeper can be paid as a contractor and work as little or as much as the business needs. For a bookkeeper, working virtually provides convenience in the form of schedule flexibility and the ability to work from home. N [...]
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