Category Archives: Bookkeeping

Payroll Outsourcing In 2023: The Ultimate Guide

RUN is its small business solution and a good place to start if you’re a small business expecting to grow into a large enterprise. ADP RUN is a simple payroll and benefits administration platform with room to grow into enterprise plans with the main ADP platform. The platform provides automated, full-service through its AutoPilot payroll […]

Why Petty Cash Is Important to Small Businesses

Next, the amount is withdrawn from the bank to settle cash expenses. Finally, the amount withdrawn – paper money or coins – is deposited with the custodian. The petty cash custodian then issues receipts and a petty cash voucher for the required cash. The petty cashier will be responsible for the petty cash drawer and […]

Net Income vs Profit: What’s the Difference?

The net income of a company is the result of a number of calculations, beginning with revenue and encompassing all expenses and income streams for a given period. When there is spending exceeds the budgeted revenue it causes a revenue deficit. These may include your monthly grocery bill, gas for your car, credit card bill […]

Financial Ratios Calculations

As an investor, you might be interested in solvency ratios if you think a company may have too much debt or be a potential candidate for a bankruptcy filing. A financial ratio is a means of expressing the relationship between two pieces of numerical data. When discussing ratios in a business or investment setting, you’re […]