Because of this foresight, I could scale my business much more quickly. Enhance your marketing expense planning with our marketing budget planner and calculator. Effectively record, categorize, and itemize future expenses, presented in a table or Gantt chart to visualize timelines for each marketing activity so you can stay...
Towards the other scale spectrum, companies that do not require much capital-intensive infrastructure will have a lower debt-to-asset ratio. Download our free digital guide, Monitoring Your Business Performance, to better understand debt to asset ratio how to measure your liquidity, operational performance, profitability and financing capacity. To know whether...
When you have a major change in your life, such as having a baby or becoming the head of a household, you should complete a new W-4 form. Doing so ensures the right amount of taxes are being deducted from your paycheck. Adding a new dependent could reduce the...
You must debit your revenue accounts to decrease it, which means you must also credit your income summary account. A net loss would decrease retained earnings so we would do the opposite in this journal entry by debiting Retained Earnings and crediting Income Summary. Why was income summary not used...
If you enroll in a bachelor’s degree program, it’s helpful to take electives that can better prepare you for a career in managerial accounting. While managerial accounting focuses on providing data for internal use, financial accounting focuses on the decisions related to an organization’s financial relationship with external companies....
When revenue or expenses happen, it’s your startup bookkeeper’s job to record these into your company’s accounting system. This probably involves categorizing the “transaction” in a way that makes sense, say a payment to your payroll provider as a payroll expense. If you are looking for cost-effective bookkeeping services,...
More traditional methods of financial analysis, like ratio analysis or horizontal and vertical analysis, typically use actual numerical values or absolute changes in these values to assess financial health. In such analysis, revenues, expenses, assets, liabilities, and equity are often expressed in actual dollar amounts. Net income represents 10%...
Understanding your company’s finances is essential to making the best decisions in order to grow your company. With our financial management solutions, we provide a foundation on which you can build a healthy, growing business. First, find which office (Indianapolis or Fort Wayne) is most convenient to you, then...
It’s best to create a pros and cons list of companies when outsourcing bookkeeping so you’ll know you’ve made the best choice. When you go for a bookkeeping firm, you get some additional assurances not provided by solo bookkeepers. For example, a bookkeeping firm may hire professional bookkeepers with...
Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. Consumers aren’t the only customers; businesses need goods and services too. This route is...
