par aldo | Juin 6, 2024 | Bookkeeping
Take a look at the examples below to learn how a simple transposition error can affect your small business. A transposition error in accounting is when someone reverses the order of two numbers when recording a transaction (e.g., 81 vs. 18). This type of accounting...
par aldo | Nov 2, 2023 | Bookkeeping
Automatic payment reminders encourage customers to pay on time, saving you from following up and dealing with unpaid invoices. You can set the software to send reminders before the payment is due or when it’s past due; you can also set up the system to email your...
par aldo | Sep 27, 2023 | Bookkeeping
Many times, businesses have all kinds of hidden opportunities hidden in their internal systems and accounts. It’s the job of the CFO to uncover these inefficiencies and implement strategic changes to remedy them. Chief Financial Officers (CFOs)...
par aldo | Mar 10, 2023 | Bookkeeping
Despite the benefits and insights that vertical analysis can provide, it’s essential to acknowledge its limitations and drawbacks. Returning to our example above, a vertical analysis of Jackson Widget Company’s balance sheet would look like this. Learn how to use...
par aldo | Jan 21, 2022 | Bookkeeping
A company’s management team tracks the average inventory period to monitor its inventory management and ensure orders are placed based on customer purchasing patterns and sales trends. inventory accounting It can help assess turnover rates, liquidity, and inventory...
par aldo | Sep 6, 2021 | Bookkeeping
It’s calculated by multiplying the depreciation expense by the tax rate. You will need to look at both Table B-1 and Table B-2 to find the correct recovery period. Generally, if the property is listed in Table B-1, you use the recovery period shown in that table....
