One of the pros of vertical analysis is that it allows for the comparison of financial statements from one accounting period to the next as well as for comparisons among different companies. One of its cons is that it doesn’t take into consideration absolute numbers; so if you are comparing two companies, looking at percentages …

In a variety of situations, providing a voided check enables you to share your checking account information without allowing anyone to use the blank check. This may include rent, mortgage payments, utility payments, or other recurring bills. In addition, a voided check takes away the hassle of sending in payments or setting up an online …

Your fixed costs (or fixed expenses) are the expenses that don’t change with your sales volume. Some common fixed costs are your rent payments, insurance payments and money spent on equipment. These costs will stay the same regardless of whether you sell one unit or a million units. Break-even analysis, or the comparison of sales …

At Finance Strategists, we partner with financial experts to ensure the accuracy cash flow of our financial content. The articles and research support materials available on this site are educational and are not intended to be investment or tax advice. All such information is provided solely for convenience purposes only and all users thereof should …

You need a foolproof system to manage your church finances and give you the insights you need to lead your church well. We’ll help you manage your church finances so you can focus on growing your church. Our nonprofit needed software that can manage donors, accounting, and credit card processing—Aplos has it all. We would …

For example, high profits (income statement) result in higher retained earnings, leading to an increase in shareholder’s equity (balance sheet). Its current liabilities, which included accounts payable, deferred revenue, and most debt, amounted to $137.3 billion. Noncurrent liabilities came to $152.7 billion, which meant Apple’s total liabilities were $290 billion. This trend will provide a …

However, it doesn’t offer time tracking of payroll features, creating fewer efficiencies than some competitors provide. They also wish the platform offered more customization options. If you don’t need quite as many features as Wave offers, ZipBooks is a solid free accounting software alternative. If so, 34 photos of richard branson that will make you …

Ernst & Young has reported that up to 59% of resources in a financial department are spent managing transaction-intense processes. For example, if two companies under the same parent buy and sell to and from one another, then there’s one legal entity paying the other under the same name. This also means that manual errors …

QuickBooks Payments makes it easier for you to accept online payments when you send invoices from within the app. With QuickBooks, it is very simple to track is bookkeeping hard everything you need to know time as well as billable expenses incurred by employees or subcontractors. They can either enter it themselves using the QuickBooks …