Bookkeeping

A substantially higher ratio can indicate that a company is not doing a good job of employing its assets to generate the maximum possible revenue. A disproportionately high working capital ratio is reflected in an unfavorable return on assets ratio (ROA), one of the primary profitability ratios used to evaluate companies. The collection ratio looks at...

Payscale data from August 2022 reveals that experienced accounting clerks earn a premium compared to entry-level and early-career professionals. According to Payscale, clerks at the highest end of the experience spectrum out-earn those at the lowest end by more than 18%. Several factors can influence base salaries for accounting clerks. Their duties include, among others,...

This is a much higher inventory turnover rate, but it is within the range that is considered healthy for an ecommerce business. Because the inventory turnover ratio uses cost of sales or COGS in its numerator, the result depends crucially on the company’s cost accounting policies and is sensitive to changes in costs. For example,...

The AICPA established accounting standards until 1973 when the Financial Accounting Standards Board (FASB) was launched to set standards for private companies. States maintain different requirements for whether CPA candidates can sit for the CPA exam before completing their degree. For example, Hawaii only requires examinees to be within 120 days of finishing their bachelor’s...

When searching for the ideal accounting software for eBay sellers, it’s crucial to consider the specific features and integrations necessary for managing an e-commerce business. Not all businesses need extensive features like inventory management or time-tracking. If you only want to automate particular elements of your accounting system, Kashoo will get the job done. Synder...

Understanding this need, we at Meru Accounting provide our clients with adequate cash management and cash flow management so they can grow without hassle. ◉ Outsourcing bookkeeping and accounting services can provide cost savings for wholesale companies compared to hiring an internal team or individual accountant. ◉ Offshore bookkeeping services offer remote administrative assistance, wholesale accounting reducing...

Both fixed and variable costs have the potential to influence the profit margin of a business. However, by doing a break-even analysis of the company operations, they will be able to determine whether or not there are any impacts that are altering the value of the costs. In these kinds of circumstances, exercising proper cost...