Category: Bookkeeping

HubSpot is a powerful and easy-to-use sales CRM that includes sales engagement tools, configure-price-quote (CPQ) functionality, and robust sales analytics for growing teams. Sales Hub is built on the HubSpot CRM platform where customer data, tools, and teams come together to create a single source-of-truth for unprecedented sales rep efficiency. Following the invoicing stage, the…

If you choose its chief financial officer (CFO) services, your CFO will be a certified public accountant (CPA) at a minimum. Its features include automation of tasks, Gusto payroll processing, balance sheet production, income statements, accuracy checks and transaction databases. As an insider in the cloud accounting world, I can tell you that many virtual…

The agency denies it knowingly aids armed groups and says it acts quickly to purge any suspected militants among its staff. The base unit for a millimeter is meter and the prefix is milli. The prefix milli is derived from the Latin mille meaning one thousand and is symbolized as m in the Metric System….

You can interpret the amounts in the accounting equation to mean that ASC has assets of $10,000 and the source of those assets was the owner, J. Alternatively, you can view the accounting equation to mean that ASC has assets of $10,000 and there are no claims by creditors (liabilities) against the assets. As a…

In this case, the company needs to account for contingent liability by making proper journal entry if the potential future cost is probable (i.e. likely to occur) and its amount can be reasonably estimated. GAAP accounting rules require that probable contingent liabilities that can be estimated and are likely to occur be recorded in financial…

Financial accounting involves the preparation of accurate financial statements. The focus of financial accounting is to measure the performance of a business as accurately as possible. While financial statements are for external use, they may also be for internal management use to help make decisions. Analysts, managers, business owners, and accountants use this information to…

In practice, you would use conditional programming to return the transaction to a savepont. In many cases, certain keywords are optional when using explicit transactions. For example in SQL Server and SQLite, you could simply use BEGIN (rather than BEGIN TRANSACTION) and/or you could end with COMMIT TRANSACTION (as opposed to just COMMIT). This is…

Each plan comes with a finance expert, automated transaction imports, P&L, balance sheet and cash flow statements. You’ll also get burn rate calculations, which is helpful for startups that need to closely track their spending. It’s also ideal for brand-new businesses because FinancePal can help with entity formation. Want to check out software ranked by…

It measures the cost of reducing inflation by a certain percentage, in terms of the increase in unemployment required. For example, if a country wants to reduce inflation by 1%, the sacrifice ratio would indicate the percentage increase in unemployment necessary to achieve that goal. It is important to note that the optimal sacrifice ratio…

If a company’s assets are worth more than its liabilities, the result is positive net equity. If liabilities are larger than total net assets, then shareholders’ equity will be negative. Accounts receivables (AR) consist of the short-term obligations owed to the company by its clients. Cash, the most fundamental of current assets, also includes non-restricted…