Bookkeeping

Most small businesses do not have a dedicated human resources department. You can get away with this approach when you first start a business. But as your company scales, you need to take steps to improve your financial department.…
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The records that are kept for the individual asset, liability, equity, revenue, expense, and dividend components are known as accounts. In other words, a business would maintain an account for cash, another account for inventory, and so…
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Now that interest rates have risen, carrying a balance just keeps getting more expensive. Interest for most credit cards accumulates daily and a high interest rate adds up to expensive debt. Contra asset accounts and contra expense accounts…
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QuickBooks Payroll also partners with SimplyInsured to offer health insurance benefits. Pricing starts at $79 per month + $4 per month for the Startup plan, with all other plans available at a customizable quote. The lack of transparency…
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In addition, there is no extra cost for paying contractors using Gusto, while QuickBooks' plans do not include contractor payments — their individual contractor payment packages start at $15.00 per month. This global human capital…
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Changing (independent variable) affects the value of (dependent variable). For example, a researcher might change the amount of water they provide to a certain plant to observe how it affects the growth rate of the plant. The independent…
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There’s nothing you or anything else can do to speed up or slow down time or increase or decrease age. Of the two, it is always the dependent variable whose variation is being studied, by altering inputs, also known as regressors in a…
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GAAP is codified into the Accounting Standards Codification (ASC), which is available online and (more legibly) in printed form. There are many types of consideration that may be paid to the seller, including cash, debt, stock, a contingent…
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Deciding which set of standards to use depends on whether your company operates in the US or internationally. Work is being done to converge GAAP and IFRS, but the process has been slow going. In 2006, the FASB began working with the…
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