In smaller businesses, bookkeepers may handle broader responsibilities, such as processing payroll or assisting with tax preparation. In larger companies, their roles tend to be more […]

Likewise, while the adjusted trial balance is used as the basis for the preparation of financial statements, the unadjusted trial balance usually cannot be used for […]

Outsourcing bookkeeping services in Fort Lauderdale can provide a multitude of valuable advantages for your business. By entrusting financial management to seasoned professionals, you can redirect […]

They use this margin of safety formula to calculate and ensure that their budgeted sales are greater than the breakeven sales. Your margin of safety is […]

It includes leftover stock from the previous period and can be found in the company’s balance sheet under inventory. Return on sales is the ratio of […]

While the D/E ratio focuses on the relationship between debt and equity, the Equity Multiplier provides insight into how a company uses both equity and debt […]

Get your bookkeeping, income tax prep, and filing done by experts—backed by one powerful platform.From startups to agencies, Bench works with Chula Vista small businesses. Our […]

On December 31, a journal entry is required to expense the portion of the insurance policy that has been used from October 1 through December 31—or […]

An asset costing $20,000 has estimated useful life of 5 years and salvage value of $4,500. Calculate the depreciation for the first year of its life […]