So if you’re working with time values in Excel, you would essentially be working with the decimal portion of a number. If there are any digits after a decimal point in these numbers, Excel would consider those as part of the day and it can be converted into hours, minutes, and seconds. Similarly, the timing […]
Category Archives: Bookkeeping
Conversely, if inventory levels decrease significantly, it indicates more goods have been sold, resulting in a higher COGS. Correspondingly, the inventory account is credited to decrease its value, showing the reduction in items due to the sale. When recording a sale of inventory, the COGS account is debited to increase its value, reflecting the expense […]
Your goals need to align with the goals of the organization or awarding agency you’re seeking a grant from. Organizations should consider enlisting colleagues or board members who are familiar with grant writing to provide feedback on clarity, coherence, and overall impact. Fresh eyes can often catch mistakes or suggest improvements that may have been […]
Generally, small to medium-sized businesses expect to pay between $500-$2,500 USD monthly for their outsourced bookkeeping—an dauntingly large range to deal with. By being upfront and transparent with our pricing, we build trust and make it easier for clients to understand what they’re paying for. This means laying out all the details in a straightforward […]
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company’s operations, financial position, and cash […]