How Much Do Bookkeeping Services Cost for Small Businesses?

Consider what’s important from your clients’ perspective. Packages include a set of tasks – which is important to you. Those tasks offer a specific outcome – which matters to your client. Bookkeeping services pricing structure Is there more you can do than providing financial statements? As an industry expert, you might help them recognize needs […]

How to Hire The Right Bookkeeper For Your Interior Design Business

Interior designers should strongly consider hiring a professional bookkeeper to manage their financial affairs for a multitude of compelling reasons. First and foremost, a skilled bookkeeper possesses the expertise to navigate the complex world of finances, ensuring accurate record-keeping and compliance with tax regulations. This expertise minimizes the likelihood of errors, which can be costly […]

Accounts Receivable Aging: Definition, Calculation, and Benefits

The accounts receivables aging method categorizes the receivables based on the range of time an invoice is due. The account receivables aging method sorts the unpaid invoices by date and number, and management uses the aging report to determine the company’s financial well-being. An aging schedule is a detailed report that categorizes a company’s accounts […]

What Is a Statement of Retained Earnings? What It Includes

You need to know your beginning balance, net income, net loss, and dividends paid out to calculate retained earnings. Calculating these figures together using a specific formula provides a statement of retained earnings. Retained earnings are net income (profits) that a company saves for future use or reinvests back into company operations. You should report […]