Category: Bookkeeping

  • Units of Production Depreciation Method

    Then, multiply this figure by the number of units of goods or services produced during the accounting period to find the period’s depreciation expense. Under the units of production method, the amount of depreciation charged to expense varies in direct proportion to the amount of asset usage. Thus, a business may charge more depreciation in…

  • Essential Guide to Startup Accounting

    In most cases, you do not need an accountant from day one of your business. Bookkeepers are similar to accountants when it comes to recording financial information; both must accurately record financial information in their roles. With that in mind, let’s explore exactly what “accounting” means for a startup specifically. This means not only how…

  • Best Accounting Software for Small Businesses

    Businesses can store anything from proposals and quotes to accounts payable and receivable files. You can also store documents, spreadsheets, audio, and video in any sort of cloud storage so that they are accessible to you when you need them. A cloud accounting solution, like FreshBooks, can bring your financial records and traditional accounting systems…