Category Archives: Bookkeeping

Subscription-based companies are especially vulnerable to such errors, and they can benefit from ProfitWell Metrics. A careful look into your product data will shed light on what needs to go. In addition to taking space in the warehouse, they also increase … Continue reading →

You figure the depreciation rate under the SL method by dividing 1 by 5, the number of years in the recovery period. The result is 20%.You multiply the adjusted basis of the property ($1,000) by the 20% SL rate. You … Continue reading →

If you’ve previously used a single-entry system, you may be wondering how to go about switching to a double-entry system. Most modern accounting software has double-entry concepts already built in. As you can see, the entire accounting process starts with … Continue reading →

So when the user shares the data, the data is shared among the other peers with the help of protocols. A database is maintained so as to keep track of all information. But now he has to plan for decentralization … Continue reading →

The other two financial statements are the income (P&L) statement and the balance sheet. The cash flow statement is the single most valuable tool cash flow management for small business a small business owner has for managing liquidity and solvency over … Continue reading →

The platform offers a drag-and-drop interface and doesn’t require users to know code of any kind. With these, you can automate customer payments, vendor payments, and accounts payable. And, as it is a document-management-based solution, you will have all you … Continue reading →