Category: Bookkeeping

We’re trusted by thousands of companies because we’ve helped countless startups achieve success. A variety of expenditures can be involved in establishing a business; obtaining equipment or stock, market research, and even staff training can qualify as start-up costs. Startup costs for a new business are categorized as income and listed in a balance sheet’s […]

Stessa is a smart money management tool that helps rental property owners and investors optimize their portfolios for performance. This includes free rental property accounting software that offers a Cloud-based “smart bookkeeping solution” for landlords. The product vision is to make managing the financial aspect of a portfolio of rental properties painless and automatic. Instead, […]

Adequate cybersecurity measures prevent disruptions and ensure uninterrupted financial operations. However, when viewed together, these elements create a comprehensive view of the organization’s financial standing and stability. Grants, from both governmental entities and private groups, should be tracked meticulously. Unlike for-profits, nonprofits don’t have equity because they don’t have owners, and that’s the biggest difference […]

Because the estimated cost of ending inventory is based on current prices, this method approximates FIFO at LCM. By adjusting the inventory down, the balance sheet value of the asset, Merchandise Inventory, is restated at a more conservative number. Notice that we never adjust inventory up to fair market value, only downward. More about IAS […]

Do not forget to download the Excel working file at the end of the article. Tools like Katana help address these challenges, providing real-time insights into inventory, assisting with inventory optimization, offering scenario analysis tools, and automating cost tracking. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers […]