What is the purpose of the cash flow statement?

To calculate net cash flow, a business adds up all cash inflows (from operating, investing, and financing activities) in a given period and then subtracts the total cash outflows from the same period. Greg didn’t invest any additional money in the business, take out a new loan, or make cash payments towards any existing debt […]

How to Access QuickBooks Desktop Remotely

You can then follow the procedure in “Getting Started” to connect an application to QuickBooks using Remote Connector. After connecting, you can monitor QuickBooks connections on the Status tab. QuickBooks is one of the unprecedented automated accounting solutions in the present day. Nearly five million small to medium-sized businesses across the globe are actively using QuickBooks to […]

Process Costing in Cost Accounting

The costs transferred in are treated in the same way as direct material that is added to production at the beginning of the process. Let’s assume Coca cola carries out similar calculations for the labeling and packaging departments and discovers that it spent a total of $100,000 to produce 50,000 bottles in the month of […]

Bookkeeping Services near Irvine, CA Better Business Bureau Start with Trust ®

Prepare ready-to-file tax documents before tax season. Transform disorderly documents into a tidy, up-to-date format, primed and ready for seamless tax filing. We’ll reach out regularly with bookkeeping updates. Not only were they able to help with the last year’s books, but they’ve given me the advice I need in order to grow my business […]