Category Archives: Bookkeeping

What Is Resource Management Office RMO and Its Importance

This KPI helps gauge how well the existing capacity aligns with the upcoming demand. In case of discrepancies, i.e., resource shortages or excess, an RMO can implement suitable resourcing measures on time. This prevents last-minute firefighting for competent resources and avoids expensive hiring-firing cycles. Whether you are starting your first company or you are a […]

Depreciation and Its Types in Bookkeeping: A Comprehensive Guide

The business expects the machine to produce 100,000 units over its useful life. How you use the asset to generate revenue affects how the method will depreciate assets. If you expect to use the asset more often in the early years and less in later years, choose an accelerated straight-line depreciation rate. Our team is […]

What Is Unearned Revenue? A Definition and Examples for Small Businesses

From an accounting perspective, deferred revenue ensures that companies don’t overstate income in any given reporting period. Instead, they align earnings with delivery of value to the customer — a core tenet of modern accounting standards. unearned revenue is reported in the financial statements as Unearned Sales results in cash exchange before revenue recognition for […]

What Is Construction Cash Flow and How to Improve It Fast?

These are more flexible options that typically allow you to spend on any of your business needs. Create a free account (or update an existing account) with Nav to find the best possible funding options for your construction business today. Learn how to manage cash flow in hospitality, forecast trends, and keep your business financially […]

Income Tax by State: 2024-2025 Rates and Brackets

However, the limits could disproportionately impact certain corporations depending on the composition of the other tax changes and which state and local corporate taxes are limited. For example, even accounting for other tax cuts like improved cost recoveryCost recovery is the ability of businesses to recover (deduct) the costs of their investments. It plays an […]

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