Bookkeeping

The payback period refers to the length of time it takes for an investment project to recoup its initial investment through expected cash inflows. While IRR focuses on the rate of return, NPV considers the absolute value of cash flows. If the NPV is positive, it indicates that the project is expected to generate more […]

This involves collaborating closely with executive leadership to align financial goals with overall business objectives. From small and medium-sized outsourced bookkeeping businesses to accountants, franchisors, and franchisees, we fulfill all your bookkeeping needs. Outsourcing your bookkeeping will streamline your process and save you countless hours of work and money, making you and your tax professional

While capital surplus represents the additional amount paid by shareholders for the issuance of new shares, retained earnings reflect the accumulated profits that have not been distributed to shareholders. If the change affects the shareholders’ equity, the company will adjust the capital surplus account accordingly. Internal sources of capital surplus are those that come from

Failing to accurately reflect these payments in the statement of retained earnings can result in financial mismanagement and ultimately harm the company’s reputation and credibility. Retained earnings can be used in a variety of ways, such as paying dividends to shareholders or reinvesting earnings back retained earnings into the business. By looking at the example

Intangible assets are often long-term and can gain value over time, like brand names that contribute to a company’s success. Companies can create or acquire these assets, such as client mailing lists or patents, and may deduct related expenses like application and legal fees. In accounting, the intangible assets created by the company do not

Streamlining estimates and bids with specialized software simply makes sense. Automating calculations and centralizing bid management keep your proposals competitive and on point. There’s no better way to set construction invoice a solid foundation for the billing that follows. Your company’s financial health hinges on a cohesive solution that melds proposals, scheduling, and billing into

Learn which accounts payable and receivable KPIs actually matter and why they’re the key to success. Learn how our spend platform can increase the strategic impact of your finance team and future-proof your company. Jaime is a content specialist at Playroll, specializing in global HR trends and compliance. With a strong background in languages and

Sound of Music earned $1 million in revenue and made about $58,000 in profits in its first year. The company ranked number 72 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called

If you have an outstanding check, you should first follow up with the payee to ensure that they received it and have not lost or misplaced it. Implementing Electronic Payments will help streamline your financial transactions, decrease processing times, and ensure timely payments. Businesses can impose a policy requiring employees or recipients to deposit or