March 03, 2021
Charles LutwidgeBookkeeping: Do you need to be good at math?
Many people say that we were taught from childhood that math is an important subject because everyone in life will have to count money, just know the numbers, multiply, and subtract. It is even difficult to imagine our world without...
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March 03, 2021
Charles LutwidgeIs it hard to be a bookkeeper?
Are you considering working as a bookkeeper and wondering if it is hard to be one? Let’s find out how difficult or simple the work of bookkeepers can be. Challenges bookkeepers face Most people would say that the work of...
March 03, 2021
Charles LutwidgeWhat are the basic bookkeeping skills?
Communication and teamwork A valuable bookkeeper is not one who is focused only on numbers, paperwork, and bookkeeping, it is a person who knows how to get along well with other team members. In general, a financial specialist is a...
March 03, 2021
Charles LutwidgeWhat exactly does a bookkeeper do?
A bookkeeper is one of the most demanded professions in the field of economics and finance today. In any, even the smallest company, there is always a position of the bookkeeper because the financial life of an organization depends on...
March 03, 2021
Charles LutwidgeWhat is another name for a bookkeeper?
A bookkeeper tracks, organizes, and records transactions and tracks the income and expenses of a business for tax season. Let’s see what other names the bookkeeper can be referred to. Clerk A clerk is a person that is usually hired...
January 19, 2021
Charles LutwidgeWhat are Depreciable Assets for a Business?
Assets are resources that bring value to the company. They are items that you buy to use in your business to help generate income over an extended period (more than 12 months). Non-current assets fluctuate in value over their lifespan....
January 12, 2021
Charles LutwidgeBooksTime vs. QuickBooks Live
What is QuickBooks Live? QuickBooks is best known as accounting software makers. Recently, they started offering something new: a bookkeeping service called QuickBooks Live. The service is simple: they give you a bookkeeper who uses the QuickBooks app to keep...
December 28, 2020
Charles LutwidgeContribution Margin Ratio
Introduction Profit (contribution) margin is the difference between sales revenue and variable costs. Moreover, both of these indicators – revenue and costs – are taken for a specific volume of production. We can also say that marginal profit is the...