The average inflation rate in the U.S. in the past 100 years has hovered around 3%. As a tool of comparison, the average annual return rate of the S&P 500 (Standard & Poor’s) index in the United States is around 10% in the same period. Please refer to our Inflation Calculator for more detailed information […]
I am familiar with Excel/Google Sheets, and prefer using them for my accounting tasks. The individual should be highly knowledgeable and experienced how to find remote accounting jobs with accounting and have excellent attention to detail. If you think you have the expertise to take on this challenge, please contact me. My goal is to […]
Instant download items don’t accept returns, exchanges or cancellations. Etsy is no longer supporting older versions of your web browser in order to ensure that user data remains secure. But the most important reason to spend some time on your Etsy bookkeeping is that bookkeeping allows you to produce financial reports like a Balance Sheet […]
In general, a higher contribution margin is better as this means more money is available to pay for fixed expenses. Although the company has less residual profit per unit after all variable costs are incurred, these types of companies may have little to no fixed costs and maybe keep all profit at this point. Therefore, […]
While changes to the timing and amount of revenue businesses recognize will vary depending on the type of contracts they execute, the need to reconfigure accounting/ ERP systems will be broad-based. As a primer to meeting the new rev rec standards, and managing a contract portfolio, we have considered six objectives for your ERP. We […]
Bookkeepers who excel at their jobs are also sometimes promoted to accounting positions, even if they lack the level of education the company typically prefers. A bookkeeper can expect to earn a salary in the range of $30,000-$60,000 a year in the US. However, compensation will widely vary depending on the employer, location, and candidate experience. […]
Most online businesses take advantage of the growing cloud accounting industry to simplify their accounting processes. If you’re new to the accounting world, this may be a confusing phrase. Cloud accounting is simply accounting that takes place on “the cloud” (the internet). In fact, holding on too tightly to accounting and bookkeeping if you don’t […]
Accrual accounting measures a company’s performance and position by recognizing economic events regardless of when cash transactions occur, whereas cash accounting only records transactions when payment occurs. Accrual accounting presents a more accurate measure of a company’s transactions and events for each period. Cash basis accounting often results in the overstatement and understatement of income […]
It’s normal for a company to record transactions where cash changes hands but transactions aren’t always like this. For example, an airline will receive payment weeks or months in advance as most people book their flights quite a bit in advance of the actual flight. This means that the airline has received payment but the […]
Once you know your annual gross income, you can figure out your annual net income. This calculation is typically simple and can help you understand how much of your paycheck is withheld or deducted for taxes, retirement and more. But if you’re a salaried employee who is generally paid the same amount each pay period, […]
