Category: Bookkeeping

They indicate the adequacy of a company’s cash flow to pay its debts and other obligations. Market ratios are metrics used by investors to evaluate and compare stocks within an industry or sector. These ratios allow investors to identify under or overvalued stocks and assess financial health. Why are financial ratios important? By comparing their…

Accounting concepts and convention PPTX Business Accounting & Finance Business The convention of consistency provides that the business shall follow the same accounting principles and methods for upcoming accounting periods. Accounting conventions have developed over time and change depending on changing financial conditions. In addition, accounting conservatism also leads to objective book values that are…

If repair costs outweigh the benefits of keeping the asset, replacement may be more practical. PP&E, often referred to as fixed or tangible assets, are the physical assets that a company holds with a degree of permanence. These assets fall into the category of noncurrent assets, which implies they have a useful life extending well…

Other deductions, such as contributions to a Roth IRA and certain voluntary benefits, do not lower taxable income and are referred to as post-tax deductions. Knowing whether gross income is determined before or after taxes is essential to understanding how taxes and deductions affect your regular income. For business owners, the first thing you need…

How to Create a Budget vs an Actual Chart in Excel 2 Methods Notice how you can apply conditional formatting to quickly distinguish adverse variances from favorable variances. You now have the option to select your two colors–one for negative values–to fill the bars in your chart so your management won’t lose time to guessing…

Building trustworthy and strong relationships with suppliers are essential, because it’ll help you to receive goods on better credit terms from your vendors. Deskera Books allows you to easily track and manage bills, purchase orders, and vendor credit notes in one place. You can access your bills any time from anywhere, on your mobile or…

If you recently filed an amended return, we may still be processing it. If you paid a tax preparer to file your taxes, that person or company should have retained a copy of your tax return. If the person or company is still in business, request a copy. A Beginner’s Guide to Effective WhatsApp Marketing…

What Is IRS Form 8809 and How Do I File It? When filing Form 8809 with the Social Security Administration for an extension, you must provide a thorough explanation for why you need the extension and sign the form under penalty of perjury. You can usually file Form 8809 online or by filling out a…

Keeping your investment proofs ready and reviewing 6 tips on filing taxes for the first time your eligibility can help save significantly. Upon successful verification, you’ll receive an ITR-V acknowledgement on your registered email. Finally, keep all investment certificates such as LIC Premium, ELSS receipts, health insurance payments or donation receipts. These chapters are necessary…