Category Archives: Bookkeeping

Reasons Why 8 10 Businesses Outsource Accounting & Bookkeeping

The outsourced bookkeeper will explain what each report means so you can then base your business decisions upon that. The bookkeeper will go into detail so that you can understand your business’s current position and whether you need to change some things to ensure it does better than it is doing right now. The outsourcing […]

Financial Ratios Complete List and Guide to All Financial Ratios

Return on assets, or ROA, is a metric expressed as a percentage for measuring the performance of a company or other investment. The better its ROA, the more efficiently a company may be using its invested resources. A lower ROA may indicate a company that, while still profitable, nevertheless does less with its money than […]

An overview of What is Cloud Computing in Accounting?

Nestor Gilbert is a senior B2B and SaaS analyst and a core contributor at FinancesOnline for over 5 years. With his experience in software development and extensive knowledge of SaaS management, he writes mostly about emerging B2B technologies and their impact on the current business landscape. However, he also provides in-depth reviews on a wide […]

Tutorial 7: Incurred Cost Proposals and audits

Initial outfitting of the unit is completed when the unit is ready and available for normal operations. Indirect cost pools means (except for subparts  31.3 and 31.6) groupings of incurred costs identified with two or more cost objectives but not identified specifically with any final cost objective. In short, the first few sections of the […]

How data, automation and AI are transforming Business Process Outsourcing into a competitive advantage

Process standardization translates into a better customer experience, higher productivity, better quality, more clarity for better decision-making, and increased morale across the organization. Business process management is a way to evaluate your entire process, model the ideal process, and then improve your work based on that process model. You don’t necessarily need to use these […]

Allowance for doubtful accounts definition

In the percentage sales method, the company assigns a flat percentage to estimate the amount for the accounts receivable for the given accounting period. Businesses that offer their goods or services on credit to their clients initiate and set up doubtful accounts to ensure that accounts receivables are accurate in the balance sheet. Accountants and […]

Allowance for Doubtful Accounts: Methods of Accounting for

Later, if a customer fails to pay their account balance and the company deems the account uncollectible, they would record another journal entry to write off the bad debt. Inconsistent collection history may affect the accuracy of using the percentage of accounts receivable balance to estimate the allowance for doubtful accounts. The allowance for doubtful […]

Certified Public Accountant: What Is A CPA?

SmartAsset Advisors, LLC (“SmartAsset”), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. SmartAsset does not review the ongoing performance of any RIA/IAR, participate in the management of any user’s account by an RIA/IAR or provide advice regarding specific investments. However, outside of exceptional circumstances, a general accountant cannot file their […]