The mobile app works with Xero accounting software to help you run your small business from anywhere. Keep track of your unpaid and overdue invoices, bank account balances, profit and loss, cash flow, and bills to pay. The mobile app is free with every subscription, and is compatible with iOS and Android. Top accounting software […]
Category: Bookkeeping
Look at our payroll software methodology piece to learn more about how we find the software we review, what criteria we use to rate software and how much weight we give to each of our evaluative criteria. Your data is safely stored in the cloud so you won’t be affected by theft or accidents to […]
Due to the multiple IRR problem and the unrealistic reinvestment rate assumption inherent in IRR methodology, net present value is the preferred capital budgeting tool. Small changes in the discount rate can significantly impact the present value, making it challenging to accurately compare investments with varying levels of risk or uncertainty. Regardless of this, capital […]
In the dynamic landscape of startup finance, the adoption of a cost-indexing method stands as a… Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Why You Can Trust Finance Strategists […]
On the other hand, bottom-up forecasting may be ideal if you have a seasonal business model that experiences great variation throughout the year. While startups may want to use the top-down view to forecast revenue for investors, the bottom-up model is crucial for helping startups make smart budgeting and hiring decisions. With top-down forecasting, companies don’t need […]
Many experts believe that bottom-up forecasting offers a more realistic financial view than the top-down forecasting model. Unlike top-down forecasting, bottom-up sales forecasting methodologies project revenue by multiplying the average value per sale by the number of prospective sales per product. The resulting forecast may be more accurate because bottom-up forecasting employs actual sales data. […]
When your business is still growing, bookkeeping isn’t such a cumbersome task. But as the business virtual accountant gets larger, it can start to become a very time-consuming job. When deciding whether to use online bookkeeping services, it’s best to consider the amount of time (and therefore, the amount of money) that you’ll save with […]
This cost-effective approach helps reduce your overhead costs by eliminating the need to hire additional full-time accounting staff or maintain an accounting department. Explore premier bookkeeping services near me tailored for small businesses, delivered by our skilled team of CPAs at competitive rates. Bench is a popular small business choice because it’s an affordable bookkeeping […]