Bookkeeping

Understanding and accurately calculating salvage value is essential for effective asset management, ensuring compliance with accounting standards, and optimizing financial performance. To appropriately depreciate these assets, the company would depreciate the net of the cost and salvage value over the useful life of the assets. If the assets have a useful life of seven years, […]

But as the business gets larger, it can start to become a very time-consuming job. When deciding whether to use online bookkeeping services, it’s best to consider the amount of time (and therefore, the amount of money) that you’ll save with accounting software and a dedicated bookkeeper. For businesses with over $200,000 of monthly expenses,

It can make a world of difference for future bookings and revenue. The other important event to consider in regards to booking vs billing vs backlog is the instance of returns. This is when customers or clients return items they have purchased from you after they receive the items. Saas bookings are one of the