Bookkeeping

Let’s say a company sells a product at a revenue of $50 per unit, sells 200 units, and has total costs of $6,000. CVP stands for cost-volume-profit – three of the essential cornerstones of business. A CVP analysis is how you make sure your business is making money and work out the impact of production […]Continue reading

Over 1.8 million professionals use CFI to learn accounting, financial analysis, modeling and more. Start with a free account to explore 20+ always-free courses and hundreds of finance templates and cheat sheets. A company’s growth and financial situation in relation to competitors are displayed via horizontal analysis. You can choose whatever interval (month-over-month, year-over-year, etc.), […]Continue reading

The Balance Sheet is necessary because your P&L Statement is missing some key components of your business, and therefore provides an incomplete picture. The Profit and Loss statement doesn’t account for the value of unsold inventory, or the money that you borrowed to order your next shipment, or how much you owe in sales tax. […]Continue reading

When you sign up for QuickBooks Online Accountant, you’re automatically enrolled in the ProAdvisor Program. Access free training, business development resources and enhanced product support. Your clients will love the benefits of QuickBooks Online, including less data entry, secure file transfers and collaboration with you, right in their books. When you have questions or need […]Continue reading

A balance sheet reports a company’s assets, liabilities, and shareholders’ equity for a specific period. The balance sheet shows what a company owns and owes, as well as the amount invested by shareholders. Below the assets are the liabilities and stockholders’ equity, which include current liabilities, noncurrent liabilities, and shareholders’ equity. The format of the balance sheet is not mandated […]Continue reading

Xero Central provides users with access to articles, courses, community discussions, and more. Xero gets a 4.3 out of 5 stars rating on software review site G2, and a 4.2 out of 5 stars on Trustpilot, a consumer review site for businesses, with many reviews praising its customer service. For businesses that have larger amounts […]Continue reading

Online merchants using BigCommerce or WooCommerce can use QuickBooks to process payments through its QuickBooks Online integrations. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from […]Continue reading

More than 3.5 million users all over the globe use Xero to manage their billing and invoicing each month. In this Xero accounting software review, we’ll break down the pros and cons to help you figure out whether Xero is the right accounting tool for your needs. Luckily, both providers offer 30-day free trials (though […]Continue reading