March 03, 2021
Charles Lutwidge
What 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...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
March 03, 2021
Charles Lutwidge
What 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 Lutwidge
What 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 Lutwidge
What 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 Lutwidge
BooksTime 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 Lutwidge
Contribution 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...
December 25, 2020
Charles Lutwidge
Accounts Receivable Turnover Ratio
The impact of accounts receivable on the company’s financial position is ambiguous. A significant amount of accounts receivable can lead to a need to attract additional funds due to the outflow of the company’s own cash. On the other hand,...
December 23, 2020
Charles Lutwidge
A Guide to Notes Payable
Definition The definition of Notes payable is a formal debt in which a note is signed for the repayment of any obligations due to the creditor. In other words, we are owning money or something to a creditor (someone else)....
