DIAMOND CENTERYThe federally mandated minimum wage in the United States has not increased since 2009, meaning that individuals working minimum wage jobs have taken a real terms pay cut for the last twelve years. There are discrepancies between states – the minimum wage in California can be as high as 15.50 U.S. dollars per hour, while […]
Category Archives: Bookkeeping
Some factors may include changes in market conditions, new legislation or regulatory enforcement, turnover in the workforce or decreased asset functionality due to aging. When conducting an impairment test, companies must determine the fair value of the asset and compare it to its carrying value. If the fair value is below the carrying value, the […]
Establish clear, consistent data entry protocols and provide regular training for your AP teams to minimize errors, ensuring everyone follows the same steps. Accounts payable (AP) automation tools can help detect duplicate invoices. These tools can cross-check new invoices against previous ones in the system and flag potential duplicates for review. For example, DOKKA automatically […]
Pairing the right billing method with sound invoicing practices can reduce delays and keep cash flowing. If late payments are hurting your bottom line, check out our blog on the top strategies for contractors to reduce payment delays. Progress billing allows contractors to invoice monthly based on the percentage of work completed. This standardized format […]
If your business incorporates brick-and-mortar sales with online sales, payroll will be different between the bookkeeping tips two. To analyze which type of sales amount to the largest profit for your company, you must segregate in-person sales from online sales. This means you’ll have an accurate valuation of the item and your expenses related to depreciation […]
If you’re looking for a card that rewards you based on your banking relationship, the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card earns 1.5% back on all purchases. Those with banking and investment accounts at Bank of America can bump their earning rate up to 2.625% on all purchases thanks to […]
