Bookkeeping

Learn from these 10 common accounting mistakes to make improvements in your business. You’ll need to adjust the closing balance of your bank statement in order to showcase the correct amount of withdrawals or any checks issued that have not yet been presented for payment. At times, your business may …

Look at their LinkedIn to see if their past experience suits your business needs. Our intuitive software automates the busywork with powerful tools and features designed to help you simplify your financial management and make informed business decisions. Designed for startups that have high growth potential and use accrual basis …

A virtual accounting firm can also work with anyone anywhere in the country, which is a powerful advantage if you want to niche down to a specific sub-industry. In fact, you may find you rarely need to meet with your local bookkeeper in person. That’s because local and virtual bookkeepers …

Each account with a balance in your accounting system, such as accounts receivable and accounts payable, appears in the trial balance with its respective balance–debits on the left and credits on the right. A trial balance is an internal report that itemizes the closing balance of each of your accounting …

Learn the essentials of what is insurance, its types, benefits, and how it protects your finances. The interest calculation of compound interest is a little difficult comparatively as it involves different periods of compounding. In simple interest, you only earn interest on the principal investment amount. P is principal, I …

Our mission is to provide builders, developers, GCs, and specialty contractors the precision accounting services they need to aggressively grow their businesses and their bottom lines. In a highly regulated industry like construction, it pays to have a team of experts keeping your taxes in check. Plus, our accountants work …

When you choose Oversight Bookkeepers for your construction bookkeeping needs, you can trust that your financial data is in capable hands. Our tailored services are designed to streamline your financial processes, giving you the peace of mind to focus on what you do best—running your construction business. We work closely …

On the other hand, investors more interested in a long-term health assessment of a company would want to analyze solvency ratios. Carrying negative shareholders’ equity on the balance sheet is usually only common for newly developing private companies, startups, or recently offered public companies. Many companies have negative shareholders’ equity, …

Reconciling an account is an accounting process that is used to ensure that the transactions in a company’s financial records are consistent with independent third party reports. Reconciliation confirms that the recorded sum leaving an account corresponds to the amount that’s been spent and that the two accounts are balanced …

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