We save you money the moment you hire us by cutting out the expensive cost of hiring an in-house CFO. Check out our webinar, Simplifying bill payments for your business, to find out more ways you can streamline your processes. Believe me when I say that I have “been there and done that” when it […]
by Team Boostly
Since equity accounts for total assets and total liabilities, cash and cash equivalents would only represent a small piece of a company’s financial picture. Stockholders’ equity is equal to a firm’s total assets minus its total liabilities. The equity capital/stockholders’ equity can also be viewed as a company’s net assets. S corp shareholder distributions are […]
by Team Boostly
In this ADP Run payroll tutorial, we’ve enumerated seven steps to help you create your account, add employees or contractors, and run payroll. If you have your accounting software integrated with ADP Run, click “Download Payroll Details to General Ledger,” and the applicable payroll information will go to it. The system also has an “Add […]
by Team Boostly
After adjusting all the above items what you get is the adjusted balance of the cash book. The above case presents preparing a bank reconciliation statement starting with positive bank balances. Since the adjustments to the balance per the BOOKS have not been recorded as of the date of the bank reconciliation, the company must […]
by Team Boostly
For example, suppose a company leases office space for $10,000 per month, rents machinery for $5,000 per month, and has a $1,000 monthly utility bill. A fixed expense is a bill that must be paid on a regular basis and the cost of which doesn’t vary too much. Since fixed expenses don’t change, it’s easier […]
by Team Boostly
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