Bookkeeping

Preparing financial statements can seem intimidating, but it doesn’t have to be an overwhelming process. We’ve broken down the steps for preparing an income statement, as well as some helpful [...]

Income statement, profit and loss statement, or statement of financial performance, is one of the four financial statements which shows the company’s financial performance over a period of [...]

Its purpose is to assess the extent to which a company relies on equity financing to support its operations and growth. A company’s capital structure refers to the mix of debt and equity [...]

A higher transactions indicates a stronger financial foundation, making it more attractive to lenders. The higher this ratio, the more financial stability a company is considered to have.Please [...]

For shareholders, it means a decreased probability of bankruptcy in the event of an economic downturn. A company with a higher ratio than its industry average, therefore, may have difficulty [...]

It is calculated by dividing the total liabilities by the shareholder equity of the company. Acceptable levels of the total debt service ratio range from the mid-30s to the low-40s in percentage [...]

Balancing T-accounts is one of the more complicated and frustrating things for many accounting students. Well, in this lesson we’re going to learn the exact steps to do so and go through a [...]

All your invoicing and payment information automatically syncs with Wave’s accounting feature. All your invoicing and payment information automatically syncs with our free accounting [...]

With the Pro Plan you can also set up recurring payments, auto-reminders, and deposit requests to make sure you always get paid on time. Approval to use online payments is subject to eligibility [...]

Gumbiner Savett Inc. adjusting entries is among the Inside Public Accounting’s Top 200 Firms for 2016. Once we have everything set up, we’ll complete a month of your bookkeeping. Our [...]