The shift typically involves a significant overhaul of existing processes and the integration of advanced inventory management solutions. For instance, adopting platforms like Zoho Inventory or QuickBooks Commerce can...
This metric is particularly valued by investors focused on a company’s ability to generate cash available for acquisitions, debt repayment, dividends, or share repurchases. In summary, a bond’s par...
Most other virtual bookkeeping services give you basic financial reports only, like income statements and balance sheets. In contrast, Merritt gives you more detailed reports like forecasting and quarterly...
The owner’s equity is the balancing amount in the accounting equation. So whatever the worth of assets and liabilities of a business are, the owners’ equity will always be...
At the same time, leverage is an important tool that companies use to grow, and many businesses find sustainable uses for debt. A debt ratio of 30% may be...
Maintenance and repair expense is debited because expenses are always debited. Cash is credited because the decrease in an asset is always credited. Cash is debited because the increase...
Invoicing software like Moon Invoice greatly tackles the hassle of performing administrative tasks. You can easily manage business expenses, invoices, and receipts no matter how big your sales figure...
The accounting equation is often expressed as an accounting formula and states that the sum of liabilities and equity is always equivalent to the total assets of the organization....
Gross pay is broken down into two separate columns, current and year to date. Within this section, your hours worked, and pay rate will be included. However, not all...