Accounting software provides controls to ensure your trial balance is accurate. The software will ensure that the total dollar amount of debits equals the credit balance and that each account balance is in your trial balance report. Double-entry bookkeeping is an accounting method where each transaction is recorded in 2 or more accounts using debits […]

First, companies can take a percentage of the original cost as the salvage value. Third, companies can use historical data and comparables to determine a value. To appropriately depreciate these assets, the company would depreciate the net of the cost and salvage value over the useful life of the assets. Using Salvage Value to Determine […]

Here you can find all the tools and resources you need to manage your business effectively, from templates and training modules to expert advice from our team of professionals. Virtual bookkeepers and accountants communicate via phone, email, video conference, or messaging platforms like Microsoft Teams and Slack. The U.S. Bureau of Labor Statistics expects the […]

The loan is said to be invested in the Mexican and Colombian markets that will target technology development and product innovation, attract talent, and build up its customer base. Get instant access to video lessons taught by experienced investment bankers. Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts. In addition, the reluctance […]

Outsourced, virtual bookkeeping can cost as little as $150 per month and as much as $900 (or more) per month. Some companies charge by the number of accounts you need them to manage, while other companies charge based on your company’s monthly expenses. Typically, the lower your expenses (and the fewer your accounting needs), the […]