Bookkeeping

We don’t want the 2015 revenue account to show 2014 revenue numbers. Thebalance in the Income Summary account equals the net income or lossfor the period. This balance is then…

Two of the most common business valuation formulas begin with either annual sales or annual profits (also known as seller discretionary earnings), multiplied by an industry multiple. Both methods are…

They include time spent doing administrative work and other tasks that the client can’t directly be billed for. Accountants calculate billable hours to bill clients for financial services, like preparing…

Paro uses a multi-step vetting process to review the applications they receive and build a database of thousands of CPAs, financial analysts, internal auditors, finance vice presidents, and bookkeepers. Many…

Accordingly, Net Working Capital showcases the ability of your business to pay off its liabilities in a short period of time. The working capital requirement formula focuses on the components…