August 31, 2020
Charles Lutwidge
Amortization Accounting for Intangible Assets
What is Amortization? You might have come across this work in financial statements before, but what exactly does it mean? The definition of amortization is simple. Amortization is a cost allocation process to systematically allocate the cost of long-term intangible...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
July 24, 2020
Charles Lutwidge
Ignite Spot Review
Most large businesses have a fully staffed accounting department, including a CFO and staff accountants, to perform basic accounting functions. Unfortunately, the majority of businesses cannot the cost of a complete accounting team. Thus, they hire a CFO and overpay...
July 24, 2020
Charles Lutwidge
Amortization: Explanation and Examples
Amortization is a term that you will come across in the business and accounting world. Its definition can vary based on the context of its use. For instance, the amortization can mean paying off debt or a loan over a...
July 24, 2020
Charles Lutwidge
Fixed Asset Accounting
From an accounting perspective, fixed assets – an item with a useful life greater than one reporting period, depreciated over time. Fixed assets are also known as capital assets and tangible assets. These are items that an organization purchases for...
July 24, 2020
Charles Lutwidge
Double-Entry Bookkeeping
Double-entry accounting, also known as double-entry bookkeeping, is a set of accounting rules. It serves as the foundation of accounting rules across the globe. Double-entry is an accounting principle that ensures that the accounting equation remains balanced at all times....
July 24, 2020
Charles Lutwidge
Cost of a Bookkeeper: Can Your Business Afford One?
How many hours do you spend on your books? Are you feeling overwhelmed? Or simply just do not have time to do it? Did you know that bookkeeping will give you time and money? While employing a bookkeeper may be...
July 07, 2020
Charles Lutwidge
Business Taxes: What are they and how do you calculate them?
Getting on top of your taxes, whether personal or business, can relieve a lot of stress. In this article, we will give you a quick overview of common business taxes you will have to pay. Moreover, we will explain who...
July 07, 2020
Charles Lutwidge
Acuity – Accounting and Bookkeeping Services
Acuity is a company that provides bookkeeping and accounting services for small businesses. Like many bookkeeping companies, it does it fully online, so you do not have to provide additional office space and incur other expenses to have an in-house...
