Category: Bookkeeping
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What Is Quick Ratio? Importance, Formula, Example, and Pros
In addition, though its quick ratio only dropped a little, there are bigger changes in cash on hand vs. the balances in accounts receivable. The quick ratio is a more conservative measure of liquidity than the current ratio, because it doesn’t include all of the items used in the current ratio. The quick ratio, often referred to as…
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What is the quick ratio and how to calculate it?
The current ratio, on the other hand, considers inventory and prepaid expense assets. This includes accounts payable (money owed by the company to other businesses or clients), employee wages, taxes, and payments toward long-term debts (like mortgages or loans). You can then pull the appropriate values from the balance sheet and plug them into the…
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Accounting Services Tax Preparer
Whether you’re an agent closing deals along the coast, an investor growing your portfolio, or a service pro serving the Maine community, you get bookkeeping that helps you grow and keeps your business financially healthy. The financial services industry continues to diversify, but competition and more complex vendor relationships make determining business strategy more complicated.…
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Accounting Services Tax Preparer
Whether you’re an agent closing deals along the coast, an investor growing your portfolio, or a service pro serving the Maine community, you get bookkeeping that helps you grow and keeps your business financially healthy. The financial services industry continues to diversify, but competition and more complex vendor relationships make determining business strategy more complicated.…
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YNAB vs Mint: Which Is the Better Budgeting App?
Your dashboard might even show your customized financial goals and your progress toward them. The charts and graphs on the dashboard give you an overview of your financial situation. Rocket Money even allows you to designate transactions as tax-deductible. Transactions must be categorized according to their type of income (such as interest, rental income, or…
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YNAB vs Mint: Which Is the Better Budgeting App?
Your dashboard might even show your customized financial goals and your progress toward them. The charts and graphs on the dashboard give you an overview of your financial situation. Rocket Money even allows you to designate transactions as tax-deductible. Transactions must be categorized according to their type of income (such as interest, rental income, or…
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YNAB vs Mint: Which Is the Better Budgeting App?
Your dashboard might even show your customized financial goals and your progress toward them. The charts and graphs on the dashboard give you an overview of your financial situation. Rocket Money even allows you to designate transactions as tax-deductible. Transactions must be categorized according to their type of income (such as interest, rental income, or…
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YNAB vs Mint: Which Is the Better Budgeting App?
Your dashboard might even show your customized financial goals and your progress toward them. The charts and graphs on the dashboard give you an overview of your financial situation. Rocket Money even allows you to designate transactions as tax-deductible. Transactions must be categorized according to their type of income (such as interest, rental income, or…
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YNAB vs Mint: Which Is the Better Budgeting App?
Your dashboard might even show your customized financial goals and your progress toward them. The charts and graphs on the dashboard give you an overview of your financial situation. Rocket Money even allows you to designate transactions as tax-deductible. Transactions must be categorized according to their type of income (such as interest, rental income, or…
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Common Mistakes in General Ledger Accounting for Law Firms
Inconsistent unearned revenue tracking practices can lead to incorrect billing and potential client disputes, negatively impacting client relationships. Reconciling billable hours with invoices can become cumbersome without an integrated and unified system. When entering transactions manually into the ledger, simple human error can snowball into significant financial inaccuracies. Potential errors include misplaced decimals, credits recorded…