Bookkeeping

Add employees as contacts in Xero, then retained earnings add key payroll information such as their wage rate, bank account details, tax number, email, and postal address. All personal information, pa…

In analogy, the payment gateway serves as an entry and communication point. This article explains what a payment service provider is, how it works, its benefits and drawbacks, and offers guidance on h…

The company uses the effective interest rate method to calculate interest expense and amortize the bond premium. Below are two examples where a bond is issued at a premium or discount. The interest ex…

Cash flow analysis in sales is the backbone of any business’s financial health. We can find the variation in the ICER by randomly sampling the source dataset. We find a large number of points th…

Make sure to tackle your books when your mind is fresh and engaged—say, at the start of the day before you open your doors rather than late at night, after you’ve closed up shop. You want to be at you…