Each color differentiates which receipt the business fills out and keeps after purchase, and the other is the receipt copy for the customer. Add in any surcharges and other non-taxable items (sales tax), such as delivery fees and gratuities, to get the absolute final total. First up, think about using a receipt template. You can […]

Our unique specialty allows us reconcile your financial books with your dental managed software. This is key in helping you maximize your productivity and avoid expensive mistakes. The most important thing we can do as a dental bookkeeping business is to organize and prepare your financial information for your tax return each year. Without the […]

With last year’s spike in growth and revenue, the future looks bright for Ernst & Young and hopefully it is tell of better things to come. This past year they got into global mining and metals which could bring the much sought after growth they are hoping and planning for. Although they have continued to […]

Government assessors are usually designated by specified tax districts. Each district may have a different procedure for calculating assessed value. Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. For example, if you can point to another home in your neighborhood that’s very similar to yours and sold for higher […]

A balance sheet presents a company’s assets, liabilities, and equity at a given date in time. The company’s assets are listed first, liabilities second, and equity third. Long-term liabilities are presented after current liabilities in the liability section. Additionally, a liability that is coming due may be reported as a long-term liability if it has […]

This is because direct costs are a component of the cost of goods sold, which is in turn used to calculate gross profit and gross margin. They also help to determine your break-even point, which occurs when revenue equals total costs (all costs incurred by the company to run its operations). An example of a […]

Much like direct costs, indirect costs can be fixed or variable. Fixed indirect costs include expenses such as rent; variable indirect costs include fluctuating expenses such as electricity and gas. Although direct costs are typically variable costs, they can also include fixed costs. Rent for a factory, for example, could be tied directly to the […]

Reputable small business accountants and accounting firms should have no problem setting up an exploratory meeting to go over your needs, as well as provide several references. Most accounting firms calculate their fees in one of two ways – either per hour or at a fixed rate. How fees are calculated and the overall amount […]

Too high accounts payable indicates that your business will face challenges in settling your supplier invoices. However, too low accounts payable indicates your business is giving up on the benefits of trade credit. Accounts payable form the largest portion of the current liability section on the company’s financial statements. Take advantage of these to make […]

For more information, see our guide on how to choose a bank for your small business. In addition, its free ATM network is a little smaller than some of its competitors, with no ATM fee reimbursement out-of-network. It doesn’t charge for any ATM withdrawals, while Lili charges $2.50 for out-of-network withdrawals. However, Found does not […]