Cash Flow Statement: Explanation and Example

Cash Flow for Month Ending July 31, 2019 is $500, once we crunch all the numbers. After accounting for all of the additions and subtractions to cash, he has $6,000 at the end of the period. Under Cash Flow from Investing Activities, we reverse those investments, removing the cash on hand. Over 1.8 million professionals […]

Total Annual Income: Annual Salary vs Income Explained

This includes salary, dividends, passive income, and other sources. Your gross income is a starting point for preparing and filing your yearly income tax return. Note that if you work 50 weeks per year, https://www.bookstime.com/ you can just multiply the hourly wage by 2,000 hours to determine your gross annual income. That can be a […]

How to Start an Accounting Business

With Xero, you can easily track your sales, send invoices and manage your suppliers’ bills, all within the same software. And with pricing plans starting at just $15 a month, it’s attainable for small businesses on a budget. When looking for free accounting software, you’ll want to consider features that are important for small businesses, […]

Mastering Bookkeeping Service Pricing: Key Strategies

Remember, even small businesses can be complex and may need additional support because they have fewer resources. I’m an entrepreneurial CPA that founded Xen Accounting, a100% cloud-based accounting firm, in 2013. Following its acquisition in 2018,I started Future Firm to help accountants fast-track the growth of a modern, scalable accounting firm of their own. Take […]