The choice between being a W-2 employee or a 1099 contractor can be a game-changer, with your decision ultimately hinging on your goals, finances, and preferences. Let’s dive

These tools provide real-time financial insights, enabling swift decision-making. Integration with banking institutions streamlines transactions and minimizes errors, while customi

You know you sold 50 dice, so you match the number of items sold to the average cost of 7 cents, which is a total of $3.50 for the cost of goods sold and $1.40 for ending inventory

By setting clear goals for profitability and monitoring your progress towards them, you can set yourself up for success with a profit strategy that delivers results and adds to you

The normal balance of an account refers to the balance that is naturally expected on that account. Understanding how increases and decreases in your cash flow financial records imp

An alternative format is to add as many years as will fit on the page, without showing a variance, so that you can see general changes by account over multiple years. A less-used f

“Sal-1” is the individual code for the account “salaries” and would also be referred to in the journal entries relating to salaries. The folio number or cod

By effectively managing these assets, businesses can respond to market demands quickly and position themselves for growth. Understanding the different types of current assets is cr