Bookkeeping Archives - Asbestos Disposal Melbourne

19 Sep

N Y. Regional Accounting and Business Services Corp. Home

At the end of the day, business owners want to build their businesses, not manage their books. If you find you’re spending too much time trying to work through your finances, it might be time to consider investing in bookkeeping services. The advent of accounting software significantly lessened the tediousness of bookkeeping by handling debits and credits for you in the background. And technologies like optical character recognition (OCR) and bank feeds have come just short of fully automating [...]

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09 Sep

Free Cash Flow Yield: The Best Fundamental Indicator

It also includes spending on equipment and assets, as well as changes in working capital from the balance sheet. When evaluating stocks, most investors are familiar with fundamental indicators such as the price-to-earnings ratio (P/E), book value, price-to-book (P/B), and the PEG ratio. Also, investors who recognize the importance of cash generation use the company’s cash flow statements when analyzing its fundamentals. Why Does Free Cash Flow Matter? + How to interpret FCF It often suggests competent management and makes the [...]

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27 Jul

What Book Value Means to Investors

For value investors, this may signal a good buy since the market price generally carries some premium over book value. Additionally, companies in certain industries may experience drastic shifts in their market or book values, further complicating accurate assessments. Therefore, it’s imperative for investors to consider industry context when using the B/M ratio. Furthermore, it’s crucial to consider the context of the industry in which the company operates. Certain sectors, like technology, may naturally exhibit lower B/M ratios due [...]

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14 Mar

How to Become a QuickBooks ProAdvisor: Elevate Your Skills With QuickBooks Desktop and Online

The training aims to make accountants more proficient with QuickBooks workflows and configurations. QuickBooks Online certification training and exams are free to accounting pros. The ProAdvisor program is for accounting, tax, bookkeeping, and consulting professionals who provide services to third-party clients. This program is designed for accounting professionals and is often free, especially for the online version. Accounting Clerk The certification trainings and exams are set up similarly for both. Accelerate your professional development with actionable, live trainings taught by Advanced [...]

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19 Oct

What Is a Contra Account? The Motley Fool

In its general ledger, the business will want to capture its gross sales figures and the actual value of the discount. The concepts of debits and credits in accounting dictate how transactions are recorded. For instance, to increase asset and expense accounts, we simply record a debit and to decrease those accounts, we can record a credit. Accountants use contra accounts rather than reduce the value of the original account directly to keep financial accounting records clean. The allowance for doubtful [...]

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