Average Collection Period: Definition, Formula, How It Works, and Example

Suppose Tasty Bites Catering has an average collection period of 30 days, while Delicious Delights Catering has an average collection period of 45 days. Such a company’s cash conversion cycle begins with...

Par Bond Overview, Bond Pricing Formula, Example

For investors, par value is especially important in the bond market, where it determines interest payments and redemption values. In addition, there is effectively a ceiling placed on how high a corporate...

What is a flexible budget variance?

Not to mention – having a solid overview of your budget performance is non-negotiable if you want to stay in control and hit your goals. Connected to that, flexible budget variance is...

Flexible Budget Variance Managerial Accounting

It plays a crucial role in providing insights into deviations between actual and budgeted figures, allowing management to make informed decisions for resource reallocation and cost control. This variance analysis helps in...

Outsourced Bookkeeping Everything you need to Know to find a right Bookkeeper software

You can also choose this dedicated team to manage your entire accounting department if necessary. You can keep track of your processes when you outsource bookkeeping services to a BPO firm for...

Straight-line Depreciation Method: Definition, Formula, Example, More

Depreciation refers to the method of accounting which allocates a tangible asset’s cost over its useful life or life expectancy. Depreciation is a measure of how much of an asset’s value has...

Property Management Accounting Services for Real Estate

Analyze your property management business’s cash flow regularly to ensure healthy financial operations. Monitor rental income, expenses, and cash reserves to maintain a positive cash flow and plan for future investments. Leverage...

How do I connect Amazon seller central to QuickBooks online?

When you find one that you think would work for your business, click on the name to open the overview page where you can view details like reviews difference between depreciation and...

Bookkeeping, tax, & CFO services for startups & small businesses

Its user interface is pleasant, and its navigation tools are excellent. Sunrise handles income and expense management very well and its dashboard is better than others. Two unusual features are its transaction...

How To Set Up A Trust 2024 Guide

You likely will need to bring any requested documents with you to avoid any issues. Before the meeting, it helps to research your rights as a beneficiary. In some states, only licensed...