In a journal entry, we will do entries for each letter labeled in the chart — where the arrow is pointing TO is our debit and where the arrow is coming FROM is our credit. An example of successful labor cost optimization can be seen in a manufacturing company that introduced automated assembly lines. This…

The cash amount in fact represents the present value of the notes payable and the ‘interest’ included is referred to as the discount on notes payable. The cash amount in fact represents the present value of the notes payable and the interest included is referred to as the discount on notes payable. If a note…

For this reason, it’s an important additional ratio to consider when running a percentage of the sales forecast. Because the percentage-of-sales method works closely with data from sales items, it’s not the best forecasting method for things like fixed assets or expenses. The percentage of sales method is a valuable tool for financial forecasting. But,…

One of the hottest customer service trends nowadays is personal assistance. People like feeling catered to on a personal level, so hire extra help to take charge of that. Small Biz Saturday is a time to not only win new customers but also win old customers back. If you’re using CRM, and you definitely should…

In that work he claimed to have been in possession of the method of least squares since 1795.11 This naturally led to a priority dispute with Legendre. However, to Gauss's credit, he went beyond Legendre and succeeded in connecting the method of least squares with the principles of probability and to the normal distribution. Gauss…

Financing activities are defined as the transactions that impact the size, composition, or nature of the company’s capital(equity or borrowed). Your cash flow from ops does not include the cash spent or generated via investing activities, such as buying or selling assets, or via financing activities, which include both debt and equity. Companies typically calculate…

So you thought finding the right accounting firms for small business was all about getting the lowest rates? Well yes, some parts of it are, but it is mostly about finding a partner who understands your business and has your back in keeping your finances on track. But not every firm can live up to…

By analyzing vast amounts of financial data, machine learning algorithms can learn to recognize patterns and flag transactions that deviate from the norm. This proactive approach to error detection means that transposition errors can be identified and corrected before they affect financial reports. From the perspective of a seasoned accountant, the emphasis on training is…

They’re automating repetitive processes, allowing them to maintain profit margins even as traditional firms struggle with rising labor costs. Most importantly, they’re redefining client expectations—offering faster response times, real-time financial insights, and proactive business recommendations instead of just retrospective reports. Blockchain reduces the risk of fraud, as every transaction is permanently recorded and identifiable. As…

We advise clients from different sectors such as Freight Forwarding, General Services, Manufacturing, Import and Export, Advertising and Graphic Design, Construction, Health, Restaurants, Jewelry, Telephone, and Travel Agencies, among many other business diversities, in in South America, CentralAmerica and the U.S.A. We deliver this commitment to quality through investment in the best people and innovative…