The key to quality SaaS accounting is automated systems that manage customer subscriptions, handles recurring billing, and streamline the bookkeeping, accounting, and tax services. Your bread and butter is likely generated by selling services on a recurring schedule. If you are accepting prepayments, you’ll need to spread out revenue for the duration of your contract. […]

With that said, you have to follow the rules and guidelines from eBay. For example, make sure you deliver the item in the timeframe stated in the listing and make sure the buyer’s satisfied with the purchase. Even though it’s a dropshipping type of exchange, you’re the named seller on eBay, so make sure you […]

Rates can vary due to many factors, including expertise and experience, location, and market conditions. Tax laws are complex due to federal, state, and local bodies, each of which have different rules. These rules are changed and upgraded regularly, and your accountant knows how to track these changes and make financial recommendations while preparing your […]

As a mental healthcare provider, you can do everything right up until you submit a claim, but all of your hard work will be undone if you don’t do it properly. For instance, after you provide a service, you should expect to receive a reimbursement from a claim. However, if you file an incorrect code […]

When a company and a customer have a cordial relationship, the customer is more likely to fulfill their payment obligations. Customers frequently avoid delays on purpose since they are satisfied with the business. QuickBooks Online has tracking tools that provide fast, easy reports on numerous financial metrics, including assets such as accounts receivable. If you […]

After inquires from our musician customers needing an accountant, Growth Group expanded the services to include both bookkeeping and accounting services for music entrepreneurs. We work with our artists on a monthly basis to assist with managing the financial side of their artistic businesses. We assist with musician taxes, record keeping, accounting,  coaching, and music contract […]

These non-current assets generate revenue or benefits for the business into future fiscal periods, but they do not have any physical substance (like PP&E would, for example). Although capital investments are typically used for long-term assets, some companies use them to finance working capital. Current asset capital investment decisions are short-term funding decisions essential to a firm’s day-to-day […]

Other examples of non-current assets include tangible assets like land, buildings, and vehicles, as well as intangible assets like intellectual property and goodwill. The bottom line is that the distinction between current and noncurrent assets is a distinction of timing. Knowing how many assets a company has and when those assets will be used or […]

One of my favorite consumer staples stocks to buy right now is PepsiCo (PEP), which owns top-performing brands in the snacks and beverages spaces. I sold my PEP position a few years ago and regretted it almost immediately. PEP’s 50-year dividend growth streak isn’t going to end anytime soon, and its dividend yield of 3.2% […]

When you make payment on a loan you guaranteed, you may have the right to take the place of the lender. If you have this right, or some other right to demand payment from the borrower, you can’t claim a bad debt deduction how to calculate irr until these rights become partly or totally worthless. […]