Category: Bookkeeping

Mercedes-Benz revenues down in Q1 2024, but EV sales grow

In 2015 and again in 2016, management revised distribution expectations, warning of transitional years ahead. And in 2019, management warned debt reduction would need to be the priority over distribution growth. It was horrible for unitholders that the distribution was cut by 45% in 2017 and another 50% in 2020, but management didn’t mislead investors […]

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Wave Accounting Review: Pros, Cons, Alternatives

Wave offers competitive accounting software, and is a great choice if you’re running a side hustle and can do without the bells and whistles that come with pricier options. In fact, with quality free packages available, businesses don’t need to spend a dime to get started with Wave — the best value accounting software we’ve […]

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An In-Depth Guide to Payroll Outsourcing

Businesses can build exceptionally effective outsourcing partnerships with careful provider selection, thorough implementation planning, open communication channels, and ongoing governance. The tight integration between PEO and HR systems enables a unified payroll process with single data entry, seamless workflows, and minimized manual effort. A hallmark of PEOs is their co-employment model, which enables them to […]

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Ecommerce Payment Processing Solutions

The purpose of integrating QuickBooks with an e-commerce platform is to streamline the accounting process and make it easier to manage finances. This integration allows businesses to automatically sync sales, inventory, and customer data between the two systems, eliminating the need for manual data entry. Shopify is a leading global ecommerce platform that provides tools […]

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The Definitive Guide to Outsourcing Financial Services

The Philippines has emerged as the top destination for finance outsourcing, boasting a literacy rate of 91.6% and high English proficiency (ranking 18th out of 112 countries on the E.F. English Proficiency Index). Accounting outsourcing services have emerged as a strategic solution for finance companies grappling with talent shortages. Upskilling enables organizations to close the […]

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Calculating Net Operating Income NOI for Real Estate

The amount of excess income available for investors helps them compare alternative investment options such as other real estate projects or bonds, for example. NOI is calculated by determining the profitability and revenue of a real estate property, after subtracting the necessary operating expenses. Understanding net operating income (NOI) is extremely important when it comes […]

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What Is Replacement Cost Insurance, and How Does It Work?

Even a catastrophic storm could greatly increase the cost to rebuild in your area overnight. sales tax deduction calculator Understanding the difference between replacement cost coverage and actual cash value can help you choose the right coverage for your needs. We believe everyone should be able to make financial decisions with confidence. If your house […]

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3 3 Format of the income statement

EBT, also referred to as pre-tax income, measures a company’s profitability before income taxes are accounted for. Non-operating items are further classified into non-operating revenue and non-operating expenses. This means that revenues and expenses are classified whether they are part of the primary operations of the business or not. Below is a video explanation of […]

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