DE Franchise Report & Tax Requirement

The tax does not affect income or company activity. The tax is required to maintain the company’s good standing in Delaware. If so, that document can be sent directly from the Delaware Secretary of State. This document certifies the date the company was formed,...

Restaurant Accounting 101: Manage Your Bookkeeping Like a Pro

At any given moment, you peek at your sales-to-labor ratio or determine if sales are meeting historical averages. These financial snapshots give you the power to take action, in real-time with minimal effort. While long-term trend analysis is important, you should...

Invoice Payment Terms: A Quick Guide

Sales returns, allowances, and discounts are the three main costs that can affect net sales. All three costs generally must be expensed after a company books revenue. As such, each of these types of costs will need to be accounted for across a company’s financial...

How To Do Accounting for Your Startup: Steps, Tips, and Tools

We were born out of a tech-focused venture fund, and we have a deep expertise in AI & SaaS accounting. We were born out of a tech-focused venture fund, and we have http://www.forsmi.com/oborudovanie-i-tehnika/101.html a deep expertise in SaaS accounting. You need...

Pros and Cons of First In First Out FIFO Inventory Control

Companies have their choice between several different accounting inventory methods, though there are restrictions regarding IFRS. A company’s taxable income, net income, and balance sheet balances will all vary based on the inventory method selected. FIFO is...

Owner’s Equity Definition, Formula, Examples & Calculations

For normal day-to-day business analysis, owner’s equity is both a valuable indication of a business’s financial health and a way to track whether the company is gaining or losing value over time. Many owners use equity to demonstrate their company’s value to lenders...