Basics Concepts of Accounting for Partnership

The accounting for a partnership is essentially the same as is used for a sole proprietorship, except that there are more owners. In essence, a separate account tracks each partner’s investment, distributions, and share of gains and losses. A and B are partners sharing profits and losses in the proportion of three -fifths and two-fifths […]

Balance Sheet Definition & Examples Assets = Liabilities + Equity

Shareholder equity is not directly related to a company’s market capitalization. The latter is based on the current price of a stock, while paid-in capital is the sum of the equity that has been purchased at any price. In the case of dividends, the cause of the negative retained earnings is actually beneficial to shareholders […]

QuickBooks vs Xero 2023: Which Software Is Better for You?

Xero is a powerful accounting software solution that helps you do your “to-do” tasks efficiently without wasting time and effort. It is designed especially for small businesses to run things smoothly and keep online bookkeeping records. This will help you manage expenses well by tracking payments, calculating tax deductions and year-end tax, fixing salaries properly, […]

Virtual Bookkeeping: What It Is & How to Get Started in 2023

According to ZipRecruiter, as of September 2020, a virtual bookkeeper salary is an average of $38,193 a year. Most countries have strict privacy laws on personal, financial, and sensitive data. If you can show your clients that you are aware of this and that you take their privacy seriously, this is an added value that […]

Sign in to Access Your Intuit Products Account

Quickly access financial data and accounting reports in an instant with QuickBooks online software for accountants. With smart insights just a click away, you’ll always make the right business decisions. The user experience is so awful now, just makes me wonder who would approve such inefficient changes. 1- You can no longer paste into the […]

What Is Double-Entry Bookkeeping? A Simple Guide for Small Businesses

Recording multiple transactions that require both credit and debit entries can be time-consuming and lead to mistakes. It is recommended to use an accountant for your business or accounting software to ensure that all transactions are recorded correctly. Each entry has a “debit” side and a “credit” side, recorded in the general ledger. Conversely, liabilities […]

SIP Calculator systematic Investment Planning calculator

When you start a SIP, you commit to investing a fixed amount at regular intervals, typically monthly. This investment amount is used to purchase units of a chosen mutual fund at the prevailing Net Asset Value (NAV). By investing a fixed amount consistently, you accumulate more units when the NAV is low and fewer units […]

Как установить индикатор в МТ4 метатрейдер 4, mt4

Пользователь может изменять цвета или добавлять нужные уровни. После нажатия на кнопку ОК инструмент начнет отображаться на графике изменения стоимости пары валют. В качестве примера возьмем индикатор Forex Dashboard. С помощью этого простого алгоритма можно легко устанавливать индикаторы на MT4 и добавлять их в свои графики. Наше руководство по установке индикаторов в mt4 мы […]

What is Project Accounting Software

That’s why timesheets are worth the gold, they make it easy to report on the project’s finances and see what tasks consume the most resources. To get a proper level of certainty that project costs are on track during the project’s lifecycle, businesses leverage At the intersection of project management and financial accounting, project […]

Pro Forma Financial Statements

It helps in understanding the new capital structure, potential changes in working capital requirements, and any adjustments needed to maintain financial stability. However, budgets are more focused on short-term planning, while pro forma statements are more concerned with long-term financial planning. When your financial statements are put into pro forma financial statements, you adjust material […]