Bookkeeping

Wave also includes good bill payment capability, as well as the option to upload receipts directly to Wave for easy expense management. You can connect all of your bank accounts directly to Wave, and an automatic reconciliation feature is included in the application for easy month-end bank reconciliation. Better suited …

The financial transactions are all recorded, but they have to be summarized at the end of specific time periods. Other smaller firms may require reports only at the end of the year in preparation for doing taxes. Bookkeeping is the process of keeping track of every financial transaction made by …

Using Excel spreadsheets for calculations is time consuming and increases the risk of error. Reducing net debt and increasing EBITDA improves a company’s financial health. When the times earned interest ratio is comfortably above 1, you can feel confident that the firm you’re evaluating has more than enough earnings to …

This applies whether you’re an individual investor or if you run a company. One way to ascertain this is to follow the internal rate of return rule. This rule states that you should only take on a new venture if its IRR exceeds the breakeven point. If it’s lower, you …