Category: Bookkeeping

Using this concept, the users will get confused, especially when the market value of assets or liabilities is significantly different from the original costs. Per US GAAP, the PPE is recorded at the historical cost and required to change the value in the financial statements even if the market value of assets increases or cost…

Budgeting for a surplus allows you to support future innovations and invest in your staff. The goal is to avoid the “nonprofit starvation cycle” of never having enough to invest resources in infrastructure, or having an overhead that is “too lean” to effectively run the organization. Organize your contributed income by source, e.g., individuals, foundations,…

Keeping this in mind, here at Coursesity, we have curated some of the Best Online QuickBooks Certification classes and courses. These courses are designed to help people improve their knowledge of accounting and finance. Finally, both beginners and intermediate learners with some prior experience will find this one of the top online courses for QuickBooks. So,…

Be mindful of post office conditions and potential delays for seasonality, weather, or staffing issues. Outstanding checks that remain so for a long period of time are known as stale checks. Outstanding checks also have the risk of being used in fraudulent conduct. Someone else could be able to change the payee name or the…

From seasonal fluctuations in revenue to unexpected expenses, gym operators must be prepared to navigate these challenges effectively. In addition to analyzing expenses, it is also crucial to compare your gym’s financial performance to industry benchmarks. This allows you to assess how your expenses and cost breakdowns compare to similar gyms in terms of percentages…