Operating Income Formula Calculator Excel template

This approach will also enable you to monitor changes in your expenses in more detail. As a business owner, it’s part of your job to know your costs and track them diligently. An operating income formula shouldn’t include estimates, but hard numbers. If you’re just starting out, we recommend you monitor expenses by saving your … Read more

6 Steps in The Medical Billing Process Claims Billing

Medical billing specialists must be able to read and understand medical codes in order to submit claims for payment. They must also be familiar with various insurance plans and other payers in order to ensure that claims are submitted in accordance with their requirements. Once medical billers prepare the detailed invoice, the next critical step … Read more

Is Revenue a Debit or Credit? Your Ultimate Guide on Accounting for Revenues

Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He … Read more

What Are Dividends? How Do They Work?

But certain companies have dividend yields that are much higher – and are often referred to as “dividend stocks”. Low-growth companies with established market positions and sustainable “moats” tend to be the type of companies to issue higher dividends (i.e. “cash cows”). Since the objective of all corporations is to maximize shareholder value, management can … Read more

Accounting for Small Businesses: A Comprehensive Guide to Financial Management

This is ideal for companies looking to eliminate a paper-trail as well companies already doing many business related activities like banking and payroll online. Accountants do not automatically have a Certified Public Accountant (CPA) designation unless they have passed the Uniform CPA Examination and received the proper license. CPAs are also eligible to represent clients … Read more

Guide to Working With Business Consultants

Contents: How to choose a business consultant Plan, fund, and grow. We can help you go where you want to grow in your business. Explore Consulting Networks What Is a Business Consultant? There are various types of business consultants specializing in different business aspects. Once the business consultant has developed an in-depth understanding of your … Read more

Guidelines for Transaction Type Reference Accounts

You create a clearing account for the invoice, which you will receive when Company B completes the work. While Company B works on the project, you move funds to the clearing account. At the end of the project, you have $10,000 in the account waiting for the invoice. Funds sit in a clearing account for … Read more

Outsourcing Accounts Payable Services

GEP delivers an action plan that optimizes your contracts and payment terms, improves your procure-to-pay process, increases compliance and prevents future leakage. In this post, we’ll define and add detail to the practice of accounts payable outsourcing, but also examine the alternatives to accurately and efficiently manage a backlog of unpaid invoices, including AP Automation. … Read more

The Pros & Cons of QuickBooks Online vs Desktop

Job costing has the same story as invoicing – you’ll notice that it will become a recurring theme in this review. Both versions have core job costing features, but you’ll get more detail with QuickBooks Desktop, especially on more complex jobs. There are a few key features construction companies typically want from their accounting software. … Read more

6 Ways to Save Time & Money on Real Estate Bookkeeping and Accounting

Content Month and Year-End Checklists Customized Bookkeeping Solutions for Real Estate Investors Ways to Save Time and Money on Bookkeeping and Accounting as a Realtor or Real Estate Agent Worry-free books you don’t even have to think about Accounting Real Estate Bookkeeping: How To Manage Your Finances What is Bookkeeping in Real Estate? When you’re … Read more