by admin | Apr 9, 2024 | Bookkeeping
Assume that a restaurant owes workers $3,000 in payroll for the last five days of March and that the next payroll date is April 5. While you might be able to handle minimal incoming and outgoing transactions during the start-up phase, it will become increasingly...
by admin | May 10, 2023 | Bookkeeping
Effective pricing strategies are crucial for retail businesses aiming to boost profit margins. By carefully analyzing market trends and consumer behavior, retailers can set optimal price points that maximize revenue without deterring potential customers. Implementing...
by admin | Aug 15, 2022 | Bookkeeping
You bill them for hours worked (Pay for Work retainer) or for access retainer fee meaning to your expertise (Pay for Access retainer). You know the client you’re working with, what you’re doing for them, and when your next cheque is coming in. The “feast-or-famine” —...
by admin | Mar 16, 2020 | Bookkeeping
Liquid, or current, assets, are tangible assets that can be quickly converted into cash or remain in the business for a short period of time, typically for up to one year. Intellectual property (IP) is an intangible asset that plays a large part in determining the...
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