Category: Bookkeeping

Employees also benefit from understanding retained earnings, as these funds can be used for operational improvements, employee benefits, and job security. Companies that effectively manage

Rocket Matter is part of ProfitSolv, a collection of best-in-class software solutions for professional services firms, allowing the freedom for growth and innovation. Using a

LessAccounting is cloud-based software designed for small businesses. In addition, LessAccounting does not offer as many features as some of the other software solutions. This

The net income is the sum of the operating income and non-operating income, Accounting Periods and Methods after deducting interest expense and tax. The gross

This often means creating internal processes for budgeting, approvals, payroll, and multi-level reporting. Assigning financial roles within the team—whether it’s a controller, accounting manager, or

Without a firm grip on your cash flow, even a profitable business can find itself in a tight spot. Andrea understands that every business has

Tracking billable hours, handling trust accounts, and chasing down invoices can be overwhelming—especially if you’re relying on spreadsheets or generic accounting tools. In 2025, law

When impairment happens, record the loss and adjust your asset’s book value to match its current market value. If you plan to buy new equipment,

Proof of transparency surrounding financial records helps earn your client’s trust and confidence in your practice’s ability. The accounts receivable turnover ratio is a simple

When it comes to managing the financial aspects of a business, there’s often a common misconception that accounting, payroll, and bookkeeping are interchangeable terms, all