Why Cloud Accounting The Benefits Of Cloud For Accountants

Studies have shown that the life-cycle cost savings of cloud computing are as high as 50% for companies using large numbers of in-house servers. Add to that the elimination of service interruptions caused by traditional IT issues, such as downloading updates and fixing system errors, and you can move forward a lot faster than the…

What Is Straight-Line Depreciation? Guide & Formula

In other words, companies can stretch the cost of assets over many different time frames, which lets them benefit from the asset without deducting the full cost from net income (NI). The straight line method is one of the simplest ways to determine how much value an asset loses over time. In this method, companies…

How to Find the Right CPA for Your Small Business

An in-house accountant could work part or full time – depending on your requirements – meaning they’d be added to your payroll and paid a salary. For others, outsourcing an accountant and working with them as needed – often paying per hour – can be more cost-effective. Taking care of small business accounting can become…

A Beginners Guide to Double-entry Accounting

After a series of transactions, therefore, the sum of all the accounts with a debit balance will equal the sum of all the accounts with a credit balance. This program can identify revenue and expenses, calculate profits and losses, and run automatic checks and balances to notify you if something needs your attention. In single-entry…

Restaurant Bookkeeping and Accounting Explained

Depending on the laws in your state, you may also be required to make quarterly tax payments to the state. If you’re new to bookkeeping for a small restaurant, this overview will help you understand common financial tasks such as handling payroll and paying quarterly taxes. It will also cover the importance of restaurant insurance to your…