Bookkeeping

Use the historical data to calculate drivers and assumptions for future periods. See the information below for common drivers used in calculating specific line items. Finally, use the prepared drivers and assumptions to calculate future values for the line items. Positive working capital doesn’t necessarily mean you’re using your resources efficiently. If, after using the […]

A bookkeeper is ideal for accurate transaction recording, while an accountant offers interpretative insights, strategic financial planning, and expertise in compliance. Assess your business requirements to determine the most fitting financial professional for your team. Attention to detail is critical for bookkeepers and accountants to deal with complex financial data and transactions. They must meticulously

A financial professional will offer guidance based on the information provided and offer a no-obligation call to better understand your situation. Our goal is to deliver the most understandable and comprehensive explanations of financial topics using simple writing complemented by helpful graphics and animation videos. Sign up to receive more well-researched small business articles and

We leverage your property management bookkeeping services plus in-house automation tools to streamline processes, delivering faster and more accurate results. Let our team of 100% real estate focused and experienced property accountants manage your financial back office with precision and professionalism. We work with property managers, real estate investors, and developers ranging from one man

Get granular visibility into your accounting process to take full control all the way from transaction recording to financial reporting. Kristin is a Certified Public Accountant with 15 years of income summary accounting experience working with small business owners in all aspects of business building. In 2006, she obtained her MS in Accounting and Taxation

It looks at different cash sources, like operations, investing, and financing, and reports the changes in those accounts. A profit & loss statement shows the cash inflow and outflow and non-cash transactions such as depreciation. Both financial statements are useful, but they serve different purposes. Your business may have plenty of cash in the bank

It makes tracking requests easier and reduces the risk of fraud and other illegal activities. A bearer bond is a type of fixed-income security belonging to whoever physically holds it, and not to any registered owner. The bond contains coupons for interest payments; however, to collect an interest payment, the holder has to present the

Additionally, as more companies offer a combination of products and services, it’s essential to understand how to allocate revenue between the two streams. Another challenge in identifying service revenue as a liability or asset is ensuring consistency across different situations. It can be challenging to maintain consistency in recognizing revenue for services offered in different

Unlike managerial accounting, payroll accounting requires no complex analysis on which to base business decisions. Without payroll accounting, you can’t get an accurate view of the total cost of your employees. By utilizing HighRadius’ Autonomous Accounting Software companies can significantly reduce the time required for payroll journal entry processing, cutting it from 40 to just

Ready to see how professional bookkeeping can benefit your construction business? Contact us today to discuss how NorthStar Bookkeeping can support your growth and financial success. The average hourly rate for an accountant in the U.S. is about $35, making it quite affordable for the average owner. However, these rates may vary depending on the