by wannisa Thongbaisri | Aug 2, 2023 | Bookkeeping
Companies report these accounts as a reduction in the purchases to figure to reach net purchases. When a company receives the goods it ordered, it will record it as a purchase. The purchase account is an expense account that goes directly into a company’s cost of...
by wannisa Thongbaisri | Jul 26, 2023 | Bookkeeping
To help ease the process, I’ll show you how I run my virtual bookkeeping service and explain what to look for in these services, so you can make the best decision possible. In some cases, remote bookkeeping services business owners can hire a bookkeeper instead of an...
by wannisa Thongbaisri | Apr 25, 2023 | Bookkeeping
On Upflow, you can invite an unlimited number of members to use our tool. Your AR software knows when an invoice has been paid and marks it as such on your dashboard. All in all, managing your AR with manual processes is inefficient – and frankly a little...
by wannisa Thongbaisri | Mar 15, 2023 | Bookkeeping
Many companies use the phrase operating expenses to mean the same thing. It is another category of expenses that include the costs to run the business. It includes the sales expenses, marketing, administrative costs (HR, IT, accounting, etc.), rent, utilities, and so...
by wannisa Thongbaisri | Oct 18, 2022 | Bookkeeping
Net book value is one of the most commonly used financial metrics by businesses. And it can be either for your own accounting records or if another company is looking to purchase your business. In order to arrive at accumulated depreciation, amortization, or...
by wannisa Thongbaisri | Oct 3, 2022 | Bookkeeping
If two individuals, one rich and one poor, both buy an identical bag of groceries, both pay the same amount of sales tax. But the poorer person has shelled out a greater percentage of their income in order to purchase those groceries. A...
