With outsourced bookkeeping services, it can be hard to tell which add-ons you need. We’re one call away from helping you discover the best solutions for your business. Rather than hiring a bookkeeper or accountant in-house, you eliminate overhead costs, recruitment and training costs. Freelance bookkeepers tend to represent the cheaper option but the services […]

Over 1.8 million professionals use CFI to learn accounting, financial analysis, modeling and more. Start with a free account to explore 20+ always-free courses and hundreds of finance templates and cheat sheets. A voucher is a recharge number sold to a customer to recharge their SIM card with money and to extend the card’s availability […]

Enable invoice payments through credit card, bank and Apple Pay. Pay per use so you’re only charged when technology clients use this feature. Instant Payout is an additional service offered by Wave subject to user and payment eligibility criteria. A 1% fee is applied to the amount you withdraw from your available balance, in addition […]

The amount of additional paid-in capital is determined solely by the number of shares a company sells. Revenue and retained earnings are crucial for evaluating a company’s financial health. Retained earnings are important for the assessment of the financial health of a company. That net income lets the company distribute money to shareholders or use it […]

Depreciation is the process by which a plant asset experiences wear and tear over a particular period of time. Depreciation expense — calculated in several different ways — is then carried through to the income statement and reduces net income. Over time, plant asset values are also reduced by depreciation on the balance sheet. PP&E […]

This simply means paying overtime rates of 1.5 percent of the typically hourly pay. Some states calculate overtime based on the number of hours worked in a day, while others use the number of hours in any given week. It’s important to check your state’s regulations before paying out overtime compensation. Non-exempt employees are individuals […]

If the outcome of the difference is a whole number, then you may have transposed a figure. For example, let’s assume the following is the trial balance for Printing Plus. One way to find the error is to take the difference between the two totals and divide the difference by two. The adjusting entries can […]

The right to deduct losses or unpaid lease amounts must be included in the contract between both parties. Double Entry Bookkeeping is here to provide you with free online information to help you learn and understand bookkeeping and introductory accounting. Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has […]

Fill out your customer’s information or choose it from the drop down, if you’ve already entered their information. When you’re creating your invoice, be sure to select the types of payments you’ll accept. Just tap the reply button and enter your response if you need additional clarification about assigning payment links in QuickBooks. QBO’s Customer […]

With increased automation in the previous steps, these issues can be resolved earlier. They are also archived in the company’s database in case the related transaction details are required in the future. Tipalti customer success team learns your goals and offers solutions to reach them. What is AI invoice processing? Remote work provides both a […]