Category Archives: Bookkeeping

Used by the top 100 CPA firms, Thomson Reuters GoSystem Tax RS is the market leader for corporate tax departments. The software serves clients filing all return types — including multitiered consolidated corporate returns, life insurance returns (including mixed group filings), and tax equalization returns. Because all work is handled online, you’ll pay less in […]

However, when these debt investors are paid back, then the repayment is a cash outflow. This section covers revenue earned or assets spent on Financing Activities. When you pay off part of your loan or line of credit, money leaves your bank accounts. When you tap your line of credit, get a loan, or bring […]

Before this model can be created, we first need to have the income statement and balance sheet built in Excel, since that data will ultimately drive the cash flow statement calculations. Another useful aspect of the cash flow statement is to compare operating cash flow to net income. The cash flow statement reflects the actual amount of […]

She was asked to work alongside the Australian Cricket team through the 2019 Ashes and the England Rugby team in preparation for the 2019 World Cup. Her keen interest in sport and sporting injuries has developed over the years working with a wide range of clients suffering with muscular problems from everyday activities to more […]

He has a particular interest in diagnosing and treating running injuries, having competed at national level in cross country when he was younger. James enjoys working with tendon injuries, biomechanical and gait analysis and functional rehabilitation. He is trained in Anatomy in Motion, tensiomyography, pressure platforms and Optogait which provide him with a comprehensive understanding […]

This could also signify that your salespeople are granting longer payment terms to customers that are not creditworthy. From your DSO, you will understand how this is affecting your financial health and find a lasting solution to the problem. A low DSO suggests a business collects its debt within its payment time and has prompt-paying […]

This could lead to them charging you more for goods and services or even refusing to do business with you altogether. If you sell to customers on credit, knowing your days sales outstanding is important since the collection rate directly impacts cash flow and overall company profitability. Knowing your DSO can also help you take […]

Taxes are a part of life that most of us avoid thinking about unless we really must. But like most overwhelming tasks, they’re best tackled bit by bit. With some planning, you might even save yourself some money along the way. To find out more about which tax advisor fee structure works best for your […]

Financial analysis plays a crucial role in assessing the performance and financial health of a company. One essential technique in financial analysis is horizontal analysis, which allows you to analyze and interpret changes in financial statement data over time. In this guide, we will provide you with a comprehensive understanding of horizontal analysis, its significance, […]

The content within this article is meant to be used as general guidelines and may not apply to your specific situation. Always consult with a professional accountant to ensure you’re using the inventory valuation method best suited for your business needs. Use QuickBooks Enterprise to account for inventory using less time and with more accuracy. QuickBooks allows […]