Category Archives: Bookkeeping

These costs are dynamic and respond to changes in business operations. The upside with fixed costs is that as you produce more goods or services, your relative cost of production decreases (an effect of economies of scale). That is, your fixed costs are the same to produce 100 units as they are to produce 200…

Even with the best intentions, small business owners can fall into common traps when creating and managing a financial plan. Avoiding these pitfalls can be the deciding factor between financial stability and unnecessary setbacks. Now that we’ve gone over the importance of a business budget, it’s time to understand the steps you need to take…

This ensures seamless collaboration and fosters a productive working relationship. On top of that, you can hire bookkeepers in foreign regions with lower living costs to save on salary expenses. The average salary of a bookkeeping professional in Latin America (LatAm), for instance, is $42,000, over a third less than in the US. To find…

A nonprofit operating budget template can help you make sure you’ve hit all the bases. One of the most important tools for a nonprofit accounting services for nonprofit organizations is a cash flow projection. This is the budget of revenues received and expenses paid, broken down monthly to ensure cash will be there when needed.…