Category Archives: Bookkeeping

We’ve ditched the traditional hourly rate system and adopted a flat fee pricing. ” Well, this way, you know exactly what you’re paying for upfront and there are no unexpected surprises. You get to pick and choose the accounting services … Continue reading →

In the balance sheet, the realisation principle requires adherence to the historical cost of the assets until the asset is sold, despite any changes in the value of the assets (resources) held by a business enterprise. Historical cost is the … Continue reading →

The semiannual interest paid to bondholders on Dec. 31 is $450 ($10,000 maturity amount of bond × 9% coupon interest rate × 6/ 12 for semiannual payment). The $19 difference between the $469 interest expense and the $450 cash payment … Continue reading →

Cash basis and accrual basis are two common methods of accounting for business. They both have potential advantages and disadvantages, and each can be useful for different types of businesses. This is where Profitbooks can help you, with our software … Continue reading →

We’re committed to continuing to grow this program and our partnership with the accounting community. Familiarize yourself with the structure of the certification exam. Knowing the types of questions (multiple choice, scenario-based, etc.) and the exam’s focus areas can help … Continue reading →

Most major card issuers, such as Chase, American Express, Capital One and Wells Fargo, send out prescreened offers. Not only that, but they may send them out for a variety of cards, ranging from no annual fee cards like the … Continue reading →

Cost is defined as all costs that were necessary to get the asset in place and ready for use. However, its simplicity can also be a drawback, because the useful life calculation is largely based on guesswork or estimation. It … Continue reading →

Usually, there is an option for how involved you want the provider to be in your payroll matters. Another big name in the world of accounting software, Xero also offers a cloud-based payroll solution suitable for small businesses. It’s HMRC-recognised … Continue reading →

Our team of CPAs, advisors, and technology experts have all the tools to help you succeed. We have a 100% US-based team that utilizes technology to manage your accounting with a personalized touch. We evaluated whether the online bookkeeping service … Continue reading →