Category: Bookkeeping

It helps in gauging how much of the business is financed by debt (as well as equity). A common example of this is when a business takes out a loan from a bank to purchase high value assets such as cars, buildings, machinery, equipment, etc. Now, we can pull our numbers together to determine the…

Content Stock Book Would a Small Business Need an Inventory Tracking System? Experience the simplest inventory management software. Why It’s Vital To Learn How To Manage Inventory How to Implement an Inventory Management System Step 3: Minimize costs and prepare for the future It is also a good idea to include a vendor’s working hours…

Content Business Advisory Services Tax Strategy & Planning Intuit Accountants Team Inflation’s toll on tax prep What happens if I don’t file my business tax return? How much does it cost to hire an accountant for bookkeeping services? How much does a CPA cost for small business owners? Financial statements and auditing Everyone thinks payroll…

Content Advantages and Disadvantages of a Balance Sheet What is a closing balance? Confirmation statement Sage Business Cloud Accounting Accounting software (such as our very own Pandle!) automatically generates opening and closing balances in your reporting, so you don’t have to think about them. If you switch from one accounting system to another, your opening…