Pennsylvania Bookkeeping & Small Business Accounting

Dimov Tax Specialists provides financial solutions to business owners and entrepreneurs in the Philadelphia area. It also represents clients before the IRS for issues related to audit defense, CP2000 and state letter resolutions, debt settlements, and offers in compromise. The firm’s president and managing owner, George Dimov, has over 15 years of industry experience and […]

Gross Margin: Definition, Example, Formula, and How to Calculate

A surge in demand can allow companies to command higher prices, potentially boosting the gross margin. Conversely, a decrease in demand might necessitate discounts or promotions, which can depress the margin. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. In general, a higher […]

Depreciation: Definition and Types, With Calculation Examples

For the sake of this example, the number of hours used each year under the units of production is randomized. Play around with this SYD calculator to get a better sense of how it works. So, you’ll write off $950 from the asset to equity ratio bouncy castle’s value each year for 10 years. Salvage […]

Acid-Test Ratio Definition, Importance, Calculation, & Example

As with other business formulas, the acid test ratio is a quick way to assess one component of a business’ financial health—in this case, its short-term liquidity—but is not without its limitations. This means that Carole can pay off all of her current liabilities with quick assets and still have some quick assets left over. […]

What Industries Need Bookkeeping?

Bookkeeping is not just an accounting practice; it is integral to sound financial management. In small businesses, bookkeepers often serve in many other roles, from the person who receives receipts to the person who calculates and cuts the checks for payroll. The bookkeeping industry is currently enjoying a period of growth, with the number of […]

Online Bookkeeping

Once all your details have been filled in, your company name will appear at the top right. GoDaddy is best known as a reliable and affordable domain name provider. What most people don’t realize is that they also offer a way to balance the books. Syncing all payment channels provides complete visibility over cash flow […]

Bookkeeping Pricing Packages & Plans Bench Accounting

Hiring a bookkeeper costs $40 to $100 per hour, depending on the location, business size, and services needed. Some bookkeepers charge $200 to $1,000+ per month for part-time services or $3,200 to $5,800 per month for full-time services. Bookkeeping prices fall at the low end for small businesses, while large companies requiring daily bookkeeping services […]

How To Start a Bookkeeping Business in 8 Steps + Checklist

Our comprehensive bookkeeping business course, Bookkeeper Launch, is designed to be completed in ten (10) weeks. Want to know the ins and outs of how to start a bookkeeping business? This might be one of the best decisions you ever make as you consider your own respectable, home-based business. Chase Business Checking Fees and Charges […]

ACH Direct Debit payments on Stripe: Bank debits for US customers

And for specific types of transactions and recurring payments, ACH transfers are an easy way for businesses to reduce the time and money spent on processing transactions. One of the key benefits of HighRadius’ payment gateway is its ability to facilitate ACH payments, offering businesses a cost-effective alternative to traditional payment methods. By validating bank […]