A solution like Jetpack Workflow will generate more accurate reports with more useful information. The payments you make to your employees, such as salaries, wages, and deductions, are documented in your payroll records. By checking your payroll records, you can ensure that all payments and deductions have been appropriately documented and that you comply with all tax...

It also ensures records are kept of all financial aspects of purchases made by the company. If you would like to explore further how Near can help you outsource your accounts payable roles to professionals in LatAm, book a free consultation call today. Increase your results, improve your operations, and extend your in-house capabilities. A trial balance serves as a vital tool in accounting...

To maintain the freedom and independence you love, you need to maintain a steady cash flow. In other words, keep the work coming in- and invoicing for it promptly. Be sure to include the quantity (e.g., hours worked, number of articles, etc.), the rate (hourly rate or flat fee), and the total amount for each service. Be clear about the due date so your clients know when payment is expected....

It is a measure of how long it takes for a company to recover its initial investment in a project. It is one of the simplest capital budgeting techniques and, for this reason, is commonly used to evaluate and compare capital projects. Financial analysts will perform financial modeling and IRR analysis to compare the attractiveness of different projects. Most capital budgeting formulas, such...

Here are 11 alternatives to explore, each with a different emphasis in supporting your small business finances. There are several key rules of bookkeeping to keep in mind, but one of the most important is regarding debits and credits. In other words, debit is all incoming money, while credit is all outgoing money. We weighted each category equally to calculate our star ratings, and we also...

The Depreciation Tax Benefit reflects the money saved on Income Taxes due to Depreciation Expense. As a cost of borrowing, the borrower must make Interest payments for the benefit of borrowing. Private Equity Funds typically use large amounts of Debt to fund acquisitions. The Debt used in the purchase creates Interest Expense that reduces the acquired Company’s Tax bill. In the section...