Bookkeeping

For motorcycles and electric bicycles, the program offers 25% off the purchase price up to $250 for new purchases. Peninsula Clean Energy and Peninsula Family Service offer the DriveForward Electric Incentive in partnership. This provides a $4,000 rebate to San Mateo County residents who purchase a used PHEV and meet the income requirements. If you own […]

If an individual decides to file their information to FinCEN directly, they may be issued a “FinCEN identifier” which can be provided on a BOI report instead of the required information. According to a recent Small Business Administration report, 27,104,006 small businesses were termed “nonemployer firms” and had no employees. So, while you won’t always […]

That is, a certain amount of manufacturing overhead is applied to job orders or products which is used to estimate future manufacturing costs. The overhead rate has limitations when applying it to companies that have few overhead costs or when their costs are mostly tied to production. Also, it’s important to compare the overhead rate […]

Gains and losses resulting from currency conversions are recorded in financial statements. Card companies base their exchange rates on wholesale prices offered to bigger institutions, so you’re bound to get a fair rate. There are different rules for translating items in financial statements including assets and liabilities, income statement items, cash flow statement items, etc. […]

A higher proprietary ratio is an indicator of sound financial position from a long-term point of view. Proprietary ratio is a type of solvency ratio that determines the amount or contribution of shareholders (i.e., proprietors or owners) towards the total assets (usually total tangible assets) of an entity. This means that 33% of the company’s […]

If you’re like most bookkeepers about to set off on your own, you’ve probably looked at buying into a bookkeeping franchise. Let’s say that Maid Magic franchises its cleaning services to Oscar for an initial cost of $50,000. Within that cost includes the initial payment to use the brand and for additional training and software […]

You may say that you don’t want to be locked into that higher payment and that you’ll simply add extra each month to reduce some of that interest? Life happens, and the extra money slides through your fingers for things you no longer remember. Forcing yourself to fit the higher payment into your budget from […]

Instead, a company needs to develop processes and controls that allow it to make that distinction based on the nature of different activities. Some companies use R&D to update existing products or conduct quality checks in which a business evaluates a product to ensure that it is still adequate and discusses any improvements. If the […]