Bookkeeping - Page 20 of 146 - Online Accounting

Cash book excel: How to Create a Cash Book in Excel With Easy Steps

Jun 16, 2023 Bookkeeping by Adam Hill

This type of cash book has an extra benefit as it shows your cash transactions along with bank transactions when the period has ended. The Cash Book is a subsidiary accounting ledger used to track cash transactions, to put it simply. The general ledger is updated by the accountant with the cash book entries. Some
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Calculate markup: Markup Learn How to Calculate Markup & Markup Percentage

Jun 16, 2023 Bookkeeping by Adam Hill

Therefore, for John to achieve the desired markup percentage of 20%, John would need to charge the company $21,000. Let’s “talk” through how to calculate the perfume’s markup percentage. Some people resort to pricing all their products at a 100% MU or by just doubling the cost price, which is a tactic known as Keystone Pricing.
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Calculate cost of goods sold: Cost of Goods Sold COGS Explained and How to Calculate it 2023

Jun 16, 2023 Bookkeeping by Adam Hill

The cost of goods sold tells you how much it cost the business to buy or make the products it sells. This cost is calculated for tax purposes and can also help determine how profitable a business is. The COGS calculation process allows you to deduct all the costs of the products you sell, whether
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Buy vs lease equipment: Business Equipment: Buying vs Leasing

Jun 15, 2023 Bookkeeping by Adam Hill

There are many technology innovations that have come and gone, and various business equipment can face similar obsolescence. It’s a risk that needs to be mitigated if you want to avoid unanticipated replacement costs and stay one step ahead of your competitors. By the time you finish paying off your loan for the equipment you
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Business invoicing software: 21 Best Invoicing and Billing Software for Small Businesses in 2023

Jun 15, 2023 Bookkeeping by Adam Hill

Xero does offer invoicing, along with a number of automations and customizations. In addition, you’ll be able to access advanced accounting features and hundreds of integrations. Unless you plan to take advantage of all of the features offered by Xero, there are plenty of more affordable invoicing solutions on the market. Freelancers and small business
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