Bookkeeping

Businesses run on revenue, and accurate startup financial projections are a vital tool that allows you to make major business decisions with confidence. Financial projections break down your estimated sales, expenses, profit, and cash flow to create a vision of your potential future. We’ve collected the top free financial projection and forecasting templates. These templates …

Financial Projections for Startups Template + Course Included Read More »

We would then take the 90 units from January 22nd, and 50 units from January 12th. Auto dealerships often store their most recently acquired vehicles on their lots, and these vehicles are more likely to be sold first. Similarly, retailers dealing with items such as clothing, electronics, or snowmobiles often follow the LIFO method, as …

Lifo and Fifo Calculator to calculate ending Inventory Read More »

If you manage a rental property (or more), collect rent and pay taxes, Hammock is for you. Hammock will then automatically monitor your rental payments, send you notifications as they happen (or as soon as they’re late/missing) and reconcile transactions in real-time. Nickname the bank account to identify the rental property (such as 1945 Jasper …

Landlords Guide to Rental Property Accounting Read More »

These include about us purchase price, shipping, fees, tariff and duty payments, and more. You may reside in one state but have sales tax nexus in another, which means you’ll need to register for a sales tax permit in that state and collect sales tax from buyers in that state. This article and related content …

UK Amazon Accountant Expert Accounting for FBA Sellers Read More »

Most invoices are due within 30 days, noted as « Net 30 » at the bottom of your invoice. Without a due date, you will have more trouble forecasting 5 missteps to avoid when evaluating internal controls monthly revenue. Some CPAs and bookkeepers require a retainer if you want monthly assistance, but many simply charge by the …

Small Business Accounting Guide Read More »

Absorption costing provides a poor valuation of the actual cost how to setup shopify payments and link to your accounting of manufacturing a product. Therefore, variable costing is used instead to help management make product decisions. The main advantage of absorption costing is that it complies with generally accepted accounting principles (GAAP), which are required …

What is absorption costing? Read More »

There are many different types of transactions in ecommerce accounting including sales, discounts, refunds, fees, pending payments, gift cards, sales tax and more. You can choose to map each category type to an account within QuickBooks or Xero. For advanced mapping, you can map at a sub-category level if you prefer to have more control …

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