Category Archives: Bookkeeping

Just because you can measure something doesn’t mean you should, and it doesn’t make it “key”. In a world where we gather data about everything, and where there are multiple tools such as Microsoft’s Power BI, it’s easy to get lost in beautiful dashboards with funky dials. There are organisations who collect data, make sense […]

The above illustration demonstrates how creating a thorough income statement can give management a more accurate picture of the company’s genuine income. Osman started his career as an investment banking analyst at Thomas Weisel Partners where he spent just over two years before moving into a growth equity investing role at Scale Venture Partners, focused on […]

On the contrary, the debtor, who has purchased the goods, has a chance to earn more as a result of the amount that is being withheld. While you can certainly get by with a standard Windows 11 license, if you want the extra personalization options and customizations, as well as some added features, you’ll need […]

The IRS requires employers to complete this field if there are multiple accounts for the same employee. Otherwise, the IRS suggests that employers complete the field as a best practice. At the top of the form, there is a box marked, “Corrected (if checked).” If your employer must refile a revised version of the form, […]

Here’s everything you need to know about outsourced bookkeeping to help you get started and streamline your day-to-day operations. LBMC is a Tennessee, Kentucky and Indiana CPA firm dedicated to helping entrepreneurial businesses excel. We provide a wide range of outsourced accounting services to clients in a range of industries. To learn more about outsourcing […]

Under those circumstances, management should select the alternative with the least cost. Accordingly, management should select the alternative that results in the largest revenue. Many times both future costs and revenues differ between alternatives. In these situations, the management should select the alternative that results in the greatest positive difference between future revenues and expenses […]

The dividend payout ratio calculator is a fast tool that indicates how likely it is for a company to keep paying the current dividend level. In this article, we will cover what the dividend payout ratio is, https://simple-accounting.org/ how to calculate it, what is a good dividend payout ratio, and, as usual, we will cover […]

Payroll software can be extremely affordable, costing from $40 per month plus $10 or less per employee. With all of the time, energy and potential liability involved in payroll, this is well worth the price. Learn how to get set up, pay your team, find HRsupport and benefits, and sync with accounting soyou can manage […]

Common stock is the “default” type of stock, but it’s not the only type. There’s also preferred stock, which differs from common stock in its voting rights, dividend payment process and priority level in the case of company bankruptcy. At first glance, the stock market appears to be daunting and hard to understand. An IPO […]

Below liabilities on the balance sheet is equity, or the amount owed to the owners of the company. Since they own the company, this amount is intuitively based on the accounting equation—whatever assets are left over after the liabilities have been accounted for must be owned by the owners, by equity. These are listed at […]