Some businesses also bring in a part-time bookkeeper but assign them extra administrative tasks in order to create one full-time position. And, in the event that someone handling your books has to take a leave of absence, another bookkeeper can take over, so you don’t have to worry about service gaps. There are many signs…

Other times, you can actually do something about it, if you can pinpoint what’s driving everyone out of their office chairs. For the best results, find a payroll software solution that doesn’t take much work to put the system in place. As the name suggests, outsourcing payroll refers to the practice of hiring a third…

Basic earnings per share does not factor in the dilutive effects of convertible securities. Whether basic or diluted EPS is better depends on the purpose of the evaluation. Basic EPS provides a conservative measure by assuming no potential dilution from convertible securities. On the other hand, diluted EPS accounts for the potential dilution of outstanding…

The main thing you need to know about journal entries in accounting is that they all follow the double-accounting method. Accounts payable would now have a credit balance of $1,000 ($1,500 initial credit in transaction #5 less $500 debit in the above transaction). Entry #4 — PGS purchases $50,000 worth of inventory to sell to…

Know what’s in stock and what’s on order all in real time. Solves the tedious process of accessing data for you and your clients. The software is very easy to use, even for people who do not have an accounting background. Manage your firm’s books with the powerful features of QuickBooks Online Advanced. Connect seamlessly…