Bookkeeping

We also will help you avoid late or incorrect payments and eliminate ineffective bookkeeping systems or faulty accounting metrics that could cause errors. Mofrad Financial Solutions is a full-service financial firm in the heart of Los Angeles based in Monterey Park. With more than 20 years of experience, our team specializes in working with business […]

In this article, you’ll find the formulas and examples to achieve accurate calculations and mitigate inventory inefficiencies. During that same month, the company logs 30,000 machine hours to produce their goods. The overhead rate is a cost added on to the direct costs of production in order to more accurately assess the profitability of each

For example, airlines and hotels are primarily providers of services such as transport and lodging, respectively, yet they also sell gifts, food, beverages, and other items. These items are definitely considered goods, and these companies certainly have inventories of such goods. Both of these industries can list COGS on their income statements and claim them

The future value calculation allows investors to predict the amount of profit that can be generated by assets. If money is placed in a savings account with a guaranteed interest rate, then the future value is easy to determine accurately. However, investments in the stock market or other securities with a volatile rate of return

The filing organization isn’t required to make or obtain such a determination for purposes of Schedule R; if it hasn’t, leave column (e) blank. Enter the name of the entity that directly controls the disregarded entity. For instance, if B is a disregarded entity of the filing organization, and if C is a disregarded entity

Our best expert advice on how to grow your business — from attracting new customers to keeping existing customers happy and having the capital to do it. Factoring, on the other hand, will often cost 1.5%-3% per month (for an annualized rate of 20%-45%). The businesses that employ A/R factoring are advertisers, wholesalers, trucking and

LLCs, for example, can opt to be taxed as a C corporation by submitting Form 8832 with the IRS. There are plenty of strategies out there that can work, but it’s important to tailor them specifically for your business. TurboTax Live Business tax experts are accessible via phone, chat, or one-way video http://www.neogranka.com/forum/blog.php?u=6195 if you

Managing your bookkeeping and accounting right from the start will allow you to keep better control of your finances. You’ll also know when you’re overspending and when you need to increase sales. If you’re still on the fence about handling basic bookkeeping or accounting for your business, you’re not alone. If the thought of doing

These principles of accounting not only ensure the completeness of your accountant’s work but are also expected by funders who review your books. The other half is actually finding one that you can rely on to serve your accounting needs at the rapid pace of a startup. You will want to make sure you find