Rathmann says the pandemic wiped out almost half of ScaleFactor’s sales; the startup had reached $7 million in annual recurring revenue at the end of 2019. But the company appears to have been on rocky
Continue ReadingCategory: Bookkeeping
Xero Accounting Review 2024: Pricing, Features, Alternatives
Stay in touch with clients through the FreshBooks mobile app and get notified when invoices have been viewed or become overdue. Easily create and send invoices and automate invoice reminders for a quicker, hassle free
Continue Reading2020 State Individual Income Tax Rates and Brackets
Our tax burden estimates look at the aggregate amount of state and local taxes paid, not the taxes paid by an individual. We collect data on the total income earned in a state (by all
Continue ReadingHow to Record a Prepaid Expense
You accrue a prepaid expense when you pay for something that you will receive in the near future. Any time you pay for something before using it, you must recognize it through prepaid expenses accounting.
Continue ReadingAccounting for Startups The Ultimate Startup Accounting Guide
Wave is a web-based accounting solution built for small businesses. With its bank reconciliation feature, you can link your bank accounts, PayPal accounts, and other data sources to see real-time business transactions. You can also
Continue ReadingBank Reconciliation: Purpose, Example, Process
A bank reconciliation statement is a valuable internal tool that can affect tax and financial reporting and detect errors and intentional fraud. We strongly recommend performing a bank reconciliation at least on a monthly basis
Continue ReadingDebt vs Equity Financing: What’s the Difference?
A company would choose debt financing over equity financing if it doesn't want to surrender any part of its company. A company that believes in its financials would not want to miss on the profits
Continue ReadingOutsourced Accounting Services
The team you hire is already experienced and trained, and their ongoing training is not your concern, which further reduces your expenses. The outsourced team already uses advanced software and technology, which allows you to
Continue ReadingHow to Become a Bookkeeper A Complete Guide
NetSuite is excellent for small-to-medium-sized businesses (SMBs) that need a single, unified suite of applications for their accounting, processing orders, managing inventory, supply chain, and warehousing. Our experts are certified QuickBooks ProAdvisors, having performed thousands
Continue ReadingFinancial Management
Accrued InterestInterest costs that have accumulated, but are not yet due or payable. Some source interviews were conducted for a previous version nonprofit accounting of this article. This communication between accountants and decision-makers, Couch said,
Continue Reading