👉 For instance, aiming for a 20% margin but applying a 20% markup will only result in a 16.7% margin, significantly less profit than intended. This gap is one of the most common causes of underbidding and missed profit targets in … Read more
Just connect your bank and credit card accounts to QuickBooks Self-Employed. All you have to do is categorise them so they show up in the correct Schedule C category and on your financial reports. Ideal for when you’re on the move, … Read more
Ensure to try different POS systems and then pick the one that suits your specific business needs. The exact method of writing a receipt varies based on the template you use. Many financial programs and word processing applications have receipt templates … Read more
As with elsewhere, QuickBooks is currently running a promotional offer, so you would get the first 3 months of those bundles at 50% off. As with the QuickBooks plans outlined above, the Payroll plans are currently available at half price for … Read more
EPS stands for Earnings Per Share, a financial metric representing the portion of a company’s profit allocated to each outstanding share of common stock. Basic EPS considers only the number of common shares outstanding, while diluted EPS takes into account the … Read more
For stocks, par value is largely symbolic today, with many companies setting it at a minimal amount. Bonds trade at discounts or premiums to par value based on interest rate movements and the creditworthiness of the issuer. Bonds commonly sell on … Read more
In the above example, the debit to the contra liability account of $100 lets the company recognize that the bond was sold at a discount. Note that accountants use contra accounts rather than reduce the value of the original account directly … Read more
For example, you can use automated payment reminders to follow-up on outstanding invoices without having to do it manually.More advanced AR automation solutions include customer portals so customers can self-service their own accounts. They also offer automated reconciliation so invoices and … Read more
While it would be great to receive a major gift for your organization that is entirely unrestricted, most individuals wish to place restrictions on these contributions. Permanently restricted funds are assets given to a nonprofit organization that are not to be … Read more
The breakeven point doesn’t typically factor in commission costs, although these fees could be included if desired. The relationship between contribution margin and breakeven point is that even a dollar of contribution margin chips away at a company’s fixed cost. A … Read more