Category: Bookkeeping

Smart contracts on the blockchain execute when certain conditions are met without the need for trusted intermediaries to verify the fact (Coyne and McMickle, 2017; Kokina et al., 2017). There is already evidence to show how blockchain…

By comparing the average accounting profits earned on a project to the average initial outlay, a company can determine if the yield on the potential investment is profitable enough to be worth spending capital on. The time…

The elements mentioned above of debit notes are essential and must be included to make this process effective. Get editable debit note templates from our collection that allows you to make any changes as you prefer. These…

Let’s assume Tom rang up a $100 pair of running shoes for $100, but he miscounted the cash received for the shoes. The accounting system will show $100 how is sales tax calculated in sales but $101…

Wave Accounting is one of the most fully featured free accounting software options for small businesses. Its user-friendly dashboard, low learning curve, and easy expense tracking make it ideal for freelancers and small-business owners who don’t mind…

Plus, in this scenario, you risk understocking, which can lead to stockouts and missed sales opportunities. Here, order costs refer to the processing fees and transportation expenses accumulated when you place a purchase order. The annual insurance…

The index can be used alongside other metrics to determine which is the best investment. The profitability index is helpful in ranking various projects because it lets investors quantify the value created per each investment unit. As…

It’s rare to find inventory management capabilities within free accounting software, so this is where ProfitBooks stands out among its free accounting software competition. The software includes tools for managing suppliers, warehouse and manufacturing inventory and purchase…

The app also has excellent project management features, making it easy to juggle multiple projects simultaneously and ensure all your field teams are on the same page. This feature is a life-saver for project managers since it…

Like many other young women at the time, Wanita then had to leave the workforce. One of her primary assignments during the war was to process paychecks for soldiers, or their widows. Stumbling on familiar names was…