A healthy company will have more assets than liabilities, and will therefore have a net positive cash flow. Cash equivalents are short-term investments that you can convert quickly into cash with normal balances. A cash account is an expected normal balance account that includes cash and cash equivalents. On the other hand, the accounts payable … Read more
So 2018, the base amount is always going to be and when we do 2017, it’ll always be 58081. Horizontal analysis compares account balances and ratios over different time periods. If you are looking to perform this type of analysis on your spreadsheet for either the income statement or cash flow statement. Check out this … Read more
No matter what kind of memo you’re writing, you’ll need to include a heading. It must be noted that the memorandum serves two main purposes, as far as companies are concerned. Firstly, they serve the purpose of ensuring that companies have internal records kept and maintained. Accounting Memo Template Format Keep statements as concise as … Read more
To simplify this process, many construction companies use payroll software that can automatically calculate wages and taxes. These programs can also help with other aspects of payroll management, such as generating pay stubs and handling direct deposits. Combining digital tools with traditional bookkeeping methods maintains data integrity. Electronic document storage and digitized receipts simplify record-keeping … Read more
We always recommend that ecommerce sellers use the services of an accountant or enrolled agent to prepare your annual tax return. Since you are doing business in multiple states, there is ebay accounting the possibility of incurring income tax liability in multiple states, as well. Only someone well-versed in tax law can help you navigate … Read more