Category Archives: Bookkeeping

The ability to track those costs is important and project management software can help. ProjectManager is online work Interior Design Bookkeeping and project management software that delivers real-time data to monitor costs as they happen. While we have many project views, the Gantt chart contains key details on how much you’re spending on production. 📆 […]

The program is smart enough to match downloaded transactions with those you’ve already entered into QuickBooks. If it doesn’t find a match, it will generate a new transaction record—you just need to review the transaction and approve it. While you can manually add banks in the chart of accounts, you might prefer to fixed assets […]

The differentiation between the two accounts depends on the share’s par value. Accounting standards require companies to recognize the finance received from issuing shares in the two accounts. However, the share capital account only holds the par value for the issued shares. Furthermore, this account doesn’t necessarily include the finance received from the issuance of […]

TVM calculates the future value of a sum of money, assuming the cash can grow over time and earn a positive return. Because of the time value of money, money received or paid out today is worth more than the same amount of money will be in the future. By the same logic, a lump […]

Before we close out this discussion, I want to stress that a critical step in the process, which I did not discuss above, is fx translation identification or determination of the functional currency of an entity. It is important because the translation reporting requirements in ASC 830 are based on the functional currency. You need […]

Even if you have figured out how to calculate commissions, doing it on spreadsheets is a lot of work and easily prone to errors. Usually, the employer determines the length of the commission period, which might be anything from daily to quarterly or even annual. In this blog, let’s look at how to calculate commission […]

This pay schedule is commonly used for salaried positions, particularly if you hold an executive role, a managerial position, or work in a specialized profession. However, if you’re an hourly worker or earn commissions, you might find that a monthly pay period is less common. Compared to weekly (52 payrolls) or bi-weekly (26 payrolls) schedules, […]

Many insurance companies sell lifetime annuities to retirement-age assets = liabilities + equity individuals. Sometimes, lifetime annuities may be transferred to the buyer’s spouse upon the annuity holder’s death. Variable annuities allow you to save for retirement by investing in a portfolio of subaccounts. However, you cannot easily research subaccount performance through a fund tracker. […]