Bookkeeping

Things to Do in Hillsboro, Oregon Combine the convenience of in office visits with a local accounting service in Hillsboro and online chat and video video support necessary. Hillsboro, Oregon, is a thriving city nestled in the heart of the picturesque Tualatin Valley. As with any important business decision, if you do your homework you […]

Our connected global construction platform unites all stakeholders on a project with unlimited access to support and a business model designed for the construction industry. As a result, construction companies often find it difficult to match the efficiency of companies that make the same products repeatedly in a controlled location. You can go to a […]

Content My Business Bank Account Is Empty, Why Am I Still Showing A Profit? Owner’s draw in an S corp How easy is it to change your salary? Determine the owner’s draw amount How To Report An Owner’s Draw For Sole Proprietors? For sole proprietorships and partnerships that keep formal financial records, the owner’s drawing […]

Contents: Join 1000s of Small Businesses and CPAs who outsourced their Bookkeeping to Maxim Liberty! Bookkeeping Cost Based On Business Size How Much Does In-House Bookkeeping Cost? What Does a Bookkeeper Do for Your Small Business? This was for a very basic business with minimal transactions. When you are just starting out, it may be […]

But a common mistake is to focus only on these past numbers without looking carefully at how these might change in the coming period and properly accounting for new business strategy and bets the company is making. When doing this manually, there is a significant amount of work and time that goes into building a […]

See what the change in your balance is if you increase or decrease your rate of return by 1 or 2 percentage points. This formula is the projected rate of return on an asset or investment, even if it does not explicitly pay compounded interest. The CAGR is a form of the compound interest formula, […]

What are closing entries? The purpose of closing entries is to prepare the temporary accounts for the next accounting period. In other words, the income and expense accounts are “restarted”. This is the second step to take in using the income summary account, after which the account should have a zero balance. Likewise, shifting expenses […]

The daily reinvest rate is the percentage figure that you wish to keep in the investment for future days of compounding. As an example, you may wish to only reinvest 80% of the daily interest you’re receivingback into the investment and withdraw the other 20% in cash. ______ Addition ($) – How much money you’re […]