ICICIdirect.com is a part of ICICI Securities and offers retail trading and investment services. The information mentioned herein above is only for consumption by the client and such material should not be redistributed. Inflation degrades the purchasing power of money…

While searching for accounting software, you might also come across something called QuickBooks Online Essentials. This is a different product than the ordinary accounting software, and it’s specially designed for service-based businesses which invoice for their time. With this tool,…

Content What is ASC 606? Join our newsletter for the latest in SaaS Handbook: Revenue for software and SaaS What is the new revenue recognition standard ASC 606? Cancellations of subscriptions before the contract’s expiry date When does revenue recognition…

In addition to their business checking and savings accounts, most law firms are required to hold client funds in a separate trust account—often called an “IOLTA”. This is because a professional legal bookkeeper and accountant can help you manage your…

By simply subtracting the costs of goods sold from revenues, you’ll determine your gross profit. A  chart of accounts lists all business transaction and is used to compile statements, review progress and locate transactions. These charts have to be updated…

Finish your job application email with a professional e-signature, name, and contact details like phone number and email address. This gives a personal and professional touch to your email to which your resume is attached. Simply state that you’re willing…

Xero uses double-entry accounting, but it’s mostly done behind the scenes. Business owners on Xero’s Growing or Established plans can purchase Inventory Plus for an additional $39/month. With Inventory Plus businesses can reconcile payouts, integrate with eCommerce https://www.online-accounting.net/average-accounts-receivable-calculation/ platforms, and…

Your bookkeeper may not be able to devote as much attention to your business during this time of year as they normally would. On the board, you can find work for any experience level, from entry-level to professional CPA or…