Category Archives: Bookkeeping

All pricing plans cover the accounting essentials, with room to grow. Tax time is less stressful with a system that’s easy for your whole team to use. Mr. Rose has a green MBA from Presidio Graduate School (emphasis on finance and carbon markets) and a BA in History and Anthropology from Pitzer College. All firms […]

Requests will be reviewed within 1-2 business days and updates for the request will be sent from to the payroll principle officer’s email. Processing fees aren’t taken out of your available balance. When we make an instant deposit, we deposit the full amount and then take the fees later. Create an account and complete an […]

Receivable accounts are any accounts that record how much a customer owes to your business. This transaction won’t be entirely revenue for your business, though. There are also accounts that have to do with liabilities that must be modified. An increase to your sales tax liability account is necessary. When you make a sale, a […]

Below, you’ll find guidance on how to report these transactions that are unique to not-for-profit entities. Each book includes PDFs, explanations, instructions, data files, and R code for all examples. Companies using the indirect method have to disclose cash paid for interest and income taxes, since those numbers are not apparent on the face of […]

A trade receivable (asset) will be recorded to represent Anushka’s right to receive $400 of cash from the customer in the future. As inventory (asset) has now been sold, it must be removed from the accounting records and a cost of sales (expense) figure recorded. The cost of this sale will be the cost of […]

A company with a low ratio for AP turnover may be in financial distress, having trouble paying bills and other short-term debts on time. The AR turnover ratio formula is Net Credit Sales divided by the Average Accounts Receivable balance for the period measured. Similarly calculated, the AP turnover ratio formula is net credit purchases […]

Understanding the bookkeeper job description can help businesses ensure they are hiring the right candidate for the role. Now that our crash course in sensible business accounting practices is over, let’s conclude with a thought experiment. Next up is using technology to improve your accounting processes and reduce your internal workload. The more you can […]

Manager Self Service is where the WEI will perform job actions including, promotions, transfers, and other changes to employee data. These actions are known as work events and can be managed through workflow. If this Job Code change requires approval you may enter additional Workflow Comments visible to all employees in the approval process. With […]

Contents: Training on Your Schedule Best Practices for Process Resources What is the people, process, technology framework? How To Manage People, Process, Product Compelling everyone to adhere to the same procedures and standards promotes teamwork. Teams can therefore produce goods and services more quickly and for less money. There will only be a good return […]

When companies issue stock dividends as part of a broader capital strategy, finance teams must ensure reporting remains clean and compliant. Ramp supports this by automating journal categorization and syncing updates in real-time, giving teams confidence in the numbers behind each strategic move. On that date the current liability account Dividends Payable is debited and […]