by Deepak Bhardwaj | Aug 3, 2023 | Bookkeeping
This document summarizes banking and business activity, reconciling an entity’s bank account with its financial records. Bank reconciliation statements confirm that payments have been processed and cash collections have been deposited...
by Deepak Bhardwaj | Nov 25, 2021 | Bookkeeping
The account balance includes the purchases, which in this case total $175, and the item returned for $10. The net of the debits and credits is $165, or $175 minus $10, which is the account balance. Balancing your checking account is an essential component of sound...
by Deepak Bhardwaj | Sep 28, 2021 | Bookkeeping
One of the most significant challenges with these ratios is that they rely heavily on historical data, and past performance doesn’t necessarily predict future results. The primary purpose of these ratios is to assess the effectiveness of a company in utilizing...
by Deepak Bhardwaj | May 19, 2021 | Bookkeeping
Paid add-on services include online ACH and credit card processing bookkeeping for independent contractors and payroll. But these cost more than some competitors, so if you process a lot of payments, you may end up paying more with Wave’s “free” accounting than you...
by Deepak Bhardwaj | Mar 15, 2021 | Bookkeeping
This process involves reconciling credit card transactions, accounts payable, accounts receivable, payroll, fixed assets, and subscriptions to ensure that all are properly accounted for and balanced. The Income Statement reflects a company’s financial performance over...
by Deepak Bhardwaj | Feb 16, 2021 | Bookkeeping
They are recognized as one of the best outsource CPA services for startups, offering comprehensive support in tax and financial advisory services. They help startups and businesses by providing tailored financial strategies, compliance solutions, and more to drive...
