Category: Bookkeeping

  • Debits and Credits in Accounting: A Simple Breakdown

    Content What Is Additional Paid-in Capital (APIC)? Rules of Debits & Credits for the Balance Sheet & Income Statement Accounts pertaining to the five accounting elements Liabilities Normal account balance definition General ledgers The Profit and Loss report is important in that it shows the detail of sales, cost of sales, expenses and ultimately the […]

  • Inventory Turnover Ratio: Formulas & Calculation In Excel

    Content Inventory Turnover: 5 Questions and common mistakes Ready to liberate your cash? The Impact of Financial Ratios The Warehouse Returns Process: Streamlining Returns Management Explanation of Days in Inventory Formula Keeping these levels up to date ensures you always have just the right amount of raw material inventory in your warehouse so that you […]

  • Why you should hire a bookkeeper for your small business

    Content Let’s find your next accountant. Who It’s For Spend Less Time Bookkeeping, and More Time Growing Your Business Your bookkeeper will close out your books each month so you’ll know exactly where you stand at tax time. The Key to a Successful Sales Funnel Maintain Daily Records Discover for yourself how QuickBooks Live can […]