Category: Bookkeeping

  • How to Start a Bookkeeping Business

    Regular collaboration with tax professionals and a proactive approach to tax planning are key elements of a successful tax strategy for startups. A balance sheet provides a snapshot of your startup’s financial position at a specific point in time. Understand the liquidity of your assets, the nature of your liabilities, and the equity structure. Analyzing…

  • What Is the Market Price per Share?

    If growth beats expectations the stock may be viewed as a bargain and attract buyers. To calculate this, divide the company’s total market capitalization by its total number of outstanding shares. This value provides an objective basis for comparing the shares of various companies, highlighting whether the stock represents a good value closing balance in…

  • Hall Accounting Company Business and Individual Accounting Services

    Our payroll experts and Tax experts work mutually to devise the most effective Payroll Tax manifestation for our clients. We oversee the flow of financial transactions among various parties, ensuring precision and integrity in your financial records. We compile and maintain detailed financial reports, offering invaluable insights into your business’s financial performance. We ensure the…

  • Production Costs: What They Are and How to Calculate Them

    Manufacturing costs are the costs of materials plus the costs to convert the materials into products. All manufacturing costs must be assigned to the units produced in order for a company’s external financial statements to comply with U.S. Understanding the difference between manufacturing costs and production costs can be confusing. Production costs are all the…

  • Statement of Retained Earnings: A Complete Guide

    The prior period balance can be found on the opening balance sheet, whereas the net income is linked to the current period income statement. From there, the company’s net income—the “bottom line” of the income statement—is added to the prior period balance. The “Retained Earnings” line item is recognized within the shareholders’ equity section of…

  • What Is Account Reconciliation?

    Once the trial balance looks accurate, you can rest assured your accounts have been reconciled properly. Once these adjustments are made to the general ledger, your bank account will now be reconciled with your general ledger account. If you find any bank adjustments, record them in your personal records and adjust the balance accordingly. Account…

  • Asset Turnover Ratio Definition

    It compares the dollar amount of sales (revenues) to its total assets as an annualized percentage. Thus, to calculate the asset turnover ratio, divide net sales or revenue by the average total assets. One variation on this metric considers only a company’s fixed assets (the FAT ratio) instead of total assets. Depreciation is the allocation of…

  • How to Outsource Your Bookkeeping? » The Process Hacker

    Tax services for startups are our niche, our passion, and high growth is where we excel. We offer financial and accounting services in New York City and in technology company hubs all over the US for 800+ fast growing Seed, Series A, and Series B companies. We provide controller services at a fraction of the…

  • Building a scalable accounting function for startups

    The good news is that by taking some simple steps early, founders can avoid accumulating a lot of accounting debt. When making a decision to go with a vendor or service partner, fitting into your budget matters. Kruze Consulting offers a variety of pricing plans to help early-stage companies afford accurate startup accounting services. Startup…

  • Frequently Asked Questions on Certified Payroll Reporting

    Submitting detailed weekly reports in addition to your regular payroll process can be daunting. However, it’s necessary to avoid the negative consequences that result from not complying with prevailing wage and certified payroll laws. Some of the best payroll software providers have certified payroll features that will automate this for you. The right software program…