Sinking funds are a great way to break down large savings goals into more manageable pieces. If you are not saving for anything in particular at the moment, you don’t really need to atp and adp have any sinking funds. However, most people have some things they should be saving for or that they want […]

Without that trust, we might see fewer transactions, potentially leading to higher transaction costs and a less robust economy. GAAP also helps investors analyze companies by making it easier to perform “apples to apples” comparisons between one company and another. GAAP is also used in the preparation of financial statements by government entities. According to […]

A debit memo on a company’s bank statement refers to a deduction by the bank from the company’s bank account. A debit memorandum is a notification that a deduction has been made by a bank or business for (e.g., a fee it charged you). Your account balance has been reduced so no payment is required […]

Chapters 3 to 5 of this discussion document outline the proposed design features of the offshore supplier registration system. The Government is keen to ensure that the design of the rules is workable in practice so that compliance costs are kept to a minimum. The proposed rules, therefore, are broadly in line with New Zealand’s […]

A business will have many types of turnover to measure, but the most common are inventory and accounts receivable. Accounts receivable turnover shows how quickly a business collects payments. Inventory turnover shows how fast a company sells its entire inventory. Similar to calculating net credit sales, the average accounts receivable balance should only cover a […]

Net income, net losses, and stock buybacks will increase or decrease the owner’s equity but will not change contributed capital. One option involves taking on debt by borrowing money from a bank or lender. Another possible option involves issuing short-term debt instruments such as convertible notes, in which an investor essentially loans the startup money […]

While it has plenty of solutions, you don’t have to integrate them all at once. A QuickBooks consultant from Guru can guide you through these decisions to make sure that you choose the right solutions for your business. QuickBooks provides resources like onboarding material, training videos, and downloadable resource guides to help you start. However, […]

Now you may be self-managing your association, or you might be working with a management company that you’re just not happy with and that’s why you’re on our website right now. Hawkeye Bookkeeping is dedicated to helping small business with their bookkeeping needs. Our goal is to simplify your bookkeeping process so that you can […]

It’s like taking a small bite of vacation pay pie instead of devouring the whole thing in one go. If a business decides to pay out vacation time as supplementary income to employees, the federal income tax rate is only the flat tax rate of 22%. Do not withhold the standard federal income tax rates […]

Their system has a solid audit trail, works easily online, and interfaces with your accounting system automatically, saving you time. You can also use it to pay contractors – which is a pretty common expense for most startups. As a small business, you probably don’t need a full-time bookkeeper. Remote bookkeepers normally offer part-time services […]