Below you'll find a list of all posts that have been tagged as “accounting outsourcing”
As a small business, you would prefer to handle your own accounting and have control over your accounting books. To manage your business transactions better, you should have a good grasp of these formulas. Being familiar with these formulas you can understand the health of your business. The asset accounting equation Assets are all the things that the company owns. …
Profit margin is the right indicator of your business profitability. Measuring it with a simple formula like subtracting the cost of inventory from your actual retail sale will not give a clear picture of your true profit margins. Instead, speculate on various other metrics that relate to the calculations of sales and profit margins. While calculating the profit margins of …
For any real estate business, proper bookkeeping is a critical aspect of the business. What is the main goal of bookkeeping? The main goal of the bookkeeping is to have a standard and accurate records of all your transactions. Bookkeeping provides a clear record of financial transactions for your business which is useful for future reference. It assures that you …
It’s exciting to start a new business. The initial excitement is followed by a decision making phase where you have to decide which entity type your business belongs to. The entity type that you choose greatly affects the way you operate, so it’s important to know what suits you best. A business entity type defines the legal structure of your company. The type you choose will determine: The …
Financial accounting and bookkeeping can be challenging tasks for Small and Medium Businesses (SMBs). Any misstep can cause serious issues that can cause multiple repercussions. However, you can use those mistakes as stepping stones to identify potential issues that may arise in the future, and work towards preventing them from occurring. Here are four main financial and bookkeeping issues that need to be overcome to ensure a steady flow of revenue for …
Real estate investments can be used maximize write-offs and minimize taxes. Investors can protect the income earned via rental real estate through depreciated deductions, especially in the first year leading to huge tax savings. This can be achieved in three different ways. 1. Cost Segregation Analysis According to the American Society of Cost Segregation Professionals, cost segregation study is “the …
Real estate accounting is usually perceived as a tedious task, and pushed to the wayside. However, it is an invaluable activity that helps investors analyze the health of their operations, pay their taxes on time, and manage their income wisely. Therefore, all those in the real estate business need a strong understanding of the accounting and bookkeeping processes to improve …
The real estate industry has a number of operational issues that keep agents and investors busy throughout the day. There are issues related to rising interest rates, housing affordability, and policy changes that need to be dealt with on priority. There are sales and marketing activities that need to be pursued for new opportunities, and to sustain old ones. New …
Market fluctuations dictate the way a real estate business operates. When interest rates are low, the industry buzzes with activity. When rates are high, a sudden lull sets in with no buyers opting to buy or sell till the rates drop. To deal with the oscillating nature of the real estate business, companies need to be armed with a list …
What is rent-to-own? Rent-to-own (RTO) is a type of rental purchase concept that began in the UK and continental Europe and later got popular in the States. In this model, the owner gives the tenant the right to buy the house for a certain price (that is agreed upon today), within a certain time frame (usually one to three years). …
