Categoria: Bookkeeping

The periodic inventory system is a method of accounting for inventory that involves taking physical counts of inventory at regular intervals and updating the inventory accounts accordingly. In this method, periodic inventory system journal entries are made to record the purchase, sale, and ending inventory balances. Inventory refers to any raw materials and finished goods […]

A tax default can be set for any purchase, and Xero offers an integration with Avalara TrustFile in order to help you file your returns. Xero’s software also lets you map your accounts to different categories of tax form, keeping everything organized. QuickBooks supports six custom invoice templates, and lets you track the status of […]

All clients receive access to the Wing Assistant app – a specialized app, perfected using our years of experience managing remote teams. Your assistant is dedicated to only your business, they’ll learn and improve and get better at your processes over time. Your assistant prepares balance sheets, cash flow statements, and other financial documents. Your […]

Learn how CRM for private equity firms revolutionizes investor relations, deal management, and portfolio tracking. Converting or Implementation can be a blocker, luckily we have migration-specific automation tools at low costs. Before making a decision, consider the unique needs of your business, scalability requirements, and how well each CRM integrates with your existing financial tools […]

If you are the sole shareholder, you can still form a corporation, but you must follow all the same corporate requirements to stay in compliance. It’s best to get help from an experienced small business lawyer who can tailor the shareholders’ agreement to your company’s specific needs. If you need assistance with drafting this legal […]

Recording an advanced payment made for the lease as an expense in the first month would not adequately match expenses with revenues generated from its use. Therefore, it should be recorded as a prepaid expense and allocated to expenses over the full 12 months. According to generally accepted accounting principles (GAAP), expenses should be recorded […]

PAR Technology Corp. engages in the provision of software and hardware support services for the hospitality industry. The Restaurant/Retail segment offers point-of-sale (POS) software, hardware, back-office software, systems, services, and integrated technical solutions to the restaurant and retail industries. The Government segment provides intelligence, surveillance, and reconnaissance solutions (ISR) and satellite, communication, and information technology […]

Part of the MFA identity authentication and verification process may involve Intuit sending text message(s) containing security code(s) to your telephone number. You agree to receive these text message(s) from Intuit containing security code(s) as part of the MFA process. All features, services, support, prices, offers, terms and conditions are subject to change without notice. […]

Let’s say you invest $1,000 in an account that pays 4% interest compounded annually. In order to calculate the future value of our $1,000, we must add interest to our present value. Because we are compounding interest, we must reinvest our interest earned so that our interest earned also earns interest. The compound interest formula […]

In other words, the ratio measures the speed at which a company pays its suppliers. Accounts payable is listed on the balance sheet under current liabilities. The account payable is a liability account that accounts for the amount a business generally owes from its suppliers. The company records any increase in the account payable account as […]