Bookkeeping

This will make sure the business taxes are filed according to the law. Before establishing an LLC, you should seek the advice of a qualified tax professional who can explain how this entity is taxed at the state and federal levels. An LLC is treated as a pass-through entity by default, which means profits and […]

A sales capacity model (in conjunction with the headcount plan) will help you to estimate the performance of your sales team and the revenue they expect to generate. If you’re a SaaS startup, it’s vital to ensure your financial projections are realistic, achievable, and based on accurate data. In this article, we run through a

If that’s not the case in your country or state, just adjust the numbers to reflect the labor laws you adhere to and your business practices. For example, if your full-time employee is obligated to work only 30 hours a week, you should use that number in your calculations instead of 40, as in our

Although commissions and other income sources technically belong to you as a real estate agent, lumping them into your general bank account can become an organizational hassle. Schedule a monthly meeting to review your incoming cash and outgoing expenses. If the numbers are off track, this regularity allows you to pivot and track down errors

An accountant is a professional who takes care of all of the boring—um, essential—math tasks that go along with running a business. They do bookkeeping, financial planning, and prepare financial documents like tax returns and profit-and-loss statements. A Certified Public Accountant (CPA) is an accountant who also meets the educational and experience requirements of cpa

Amortized loans are also beneficial in that there is always a principal component in each payment, so that the outstanding balance of the loan is reduced incrementally over time. Understanding amortized Cost helps you evaluate the actual value of investments over time. By considering the gradual reduction in asset values through periodic payments or expenses,