Category Archives: Bookkeeping

Vertical Analysis: Definition, Advantages, Examples

This strategy can save a significant amount of time, as it shifts the focus to the areas of the company’s financials that need the most attention. This isn’t about hiding information or presenting an unrealistic picture; it’s quite the opposite. It’s about allowing executives and decision makers to drill down to the vital information quickly—without […]

How to Become a Bookkeeper in Arizona Programs + Certification

Dimov Tax Specialists also resolves tax issues by representing clients before the IRS. George Dimov, the founder of the practice, contributes over 15 years of accounting and consulting experience to the company. Acceler8 LLC is an accounting company in Tempe, Arizona with certified public accountants that assist their clients with their financial needs, tailored to […]

Preparing Your Business for a Year-End Audit: A Step-by-Step Process

She is the owner of Liz Scott Training & Consulting LLC, where she provides technical training and Legal E-Billing on-demand resources for best-in-class apps and solutions in the accounting space. Liz has been recognized as the Insightful Accountant Top Educator/ Trainer/ Writer ProAdvisor for her contributions tothe accounting community. Reviewing outstanding vendor balances helps you […]

How to Calculate Billable Hours

When you have everything checked and clear, you can create your invoices. To track project progress and estimated vs actual time,  you can use Toggl Track’s Project Dashboard. https://www.bookstime.com/articles/internal-vs-external-audit This gives you insight into a project’s performance,   helps you spot bottlenecks, and keeps it within budget. Log billable hours for each day After your […]

Understanding Salary Payable in Financial Statements and Cash Flow

A well-managed account payable is central to maximizing cash flow, maintaining strong vendor relationships, and ensuring financial stability. Secondly, precise records influence a company’s internal decision-making process. The condition of accounts payable can directly affect a company’s cash flow management strategies. When a firm knows its payable accounts’ status accurately, it can make informed decisions […]