Whether you’re saving for a dream vacation, college, or retirement, it’s your behind-the-scenes superhero 🦸. Your savings federally insured to at least $250,000 and backed by the full faith and…

I have been working with this team for years now and could not be happier about the services they provide. They are responsive, efficient, and look at your business from…

It summarizes all the transactions from every account that were posted throughout the year. Since most companies have many different accounts, their general ledgers can be extremely long. The purpose…

Xero’s starting price is half the price of QuickBooks, which makes Xero a more suitable Wave alternative for freelancers on a budget. Wave and Xero also have some crucial, unique…

Companies are increasingly adopting a dynamic approach to dividends, which may include special dividends or share buybacks in lieu of regular payouts. This allows them to adjust their capital allocation…

It also creates inefficiencies, as you or your team may have to go back and fix errors, clarify missing details, or redo certain steps. Over time, this can impact your…

Your balance sheet helps you understand the relationship between your income and your expenses to maintain profitability. This document will help you work with your business’s financial numbers to build…

Also, depending on the details of your service agreement, however, these are a few of the common responsibilities and duties. No matter your industry or specific requirements, ProfitJets has the…

Recall that Building Blocks of Managerial Accounting explained the characteristics of fixed and variable costs and introduced the basics of cost behavior. Let’s now apply these behaviors to the concept…