Bookkeeping

They are timely, professional, and extremely knowledgeable when it comes to all things startup finance. Kruze is a leader in R&D tax credits and other tax incentives for VC-backed startups. Our clients are receiving close to $40 million per year in tax credits (cash from...

But, if you normally have no need for paper personal checks, this can be a way to provide a voided one. After you void the check, record the voided check number in your checkbook. This will help you remember that the check was voided and you’re not waiting for it to clear...

Some automated invoice processing platforms will integrate directly with an ERP system, which will help further the accuracy and timeliness of payments. By simplifying the accounts payable process, particularly vendor invoices, an organization can improve cash management,...

A transferee is any person, foreign or domestic, that acquires a partnership interest through a transfer and includes a partnership that makes a distribution. A participating FFI is an FFI that has agreed to comply with the terms of an FFI agreement with respect to all...

It explains how successful you are in converting the stock into sales. Inventory turnover ratio is an accounting ratio that establishes a relationship between the revenue cost, more commonly known as the cost of goods sold and average inventory carried during the period. For...

You can read more about our editorial guidelines and our products and services review methodology. Sales tax on a car is the same as the sales tax throughout the rest of the state. Certain cities and regions within a state may also have additional sales tax. I’m a Tax...

The split causes the number of shares outstanding to increase by four times to 240,000 shares (4 × 60,000), and the par value to decline to one-fourth of its original value, to $0.125 per share ($0.50 ÷ 4). No change occurs to the dollar amount of any general ledger account....

When this is done in the accounting software, the invoice is created, and a journal entry is made, debiting the cash or accounts receivable account while crediting the sales account. New bookkeeping businesses will typically use a credit card to float working capital...

It has the following data available regarding the work hours of its employees working on the project. Here is a step-by-step approach to calculating the realization rate. Let us discuss what is the realization rate and how to calculate it. All revenue is considered income,...

You need to account for it in future planning and business performance analysis. Revenue recognition ensures that deferred revenue doesn’t slip through the cracks, but is properly documented and reported in your annual income statement. Accrued revenue (or accrued assets) is...