Let’s say Sam is your only employee, and her pay date is coming up. Both debit and credit columns have $1,000, which makes them equal. This helps you check you’ve paid your supplier, which should keep them happy and your relationship strong. Otherwise, the delay in payment could result in reduced employee retention, i.e. a […]
If you manage health and safety properly, you can detect the triggers that lead to serious accidents at an early stage and then manage these issues before they cost you too much money. Just because someone isn’t an employee (say, they’re a contractor or member of the public), it doesn’t mean you can ignore them. Remember, …
As you prepare your bookkeeper job description, salary range transparency is an important consideration. Adding compensation numbers can help to build trust with candidates, while also ensuring applicants who may be more aligned with your budget. A Bookkeeper is responsible for recording and maintaining a business’ financial …
The lesser partner may have the right to leave, for example, and to have his or her equity bought out at a predetermined formula price. Or there may be a formula whereby the company can buy out a lesser partner who doesn’t abide by the controlling partner’s decisions.
When British retailer BhS established partnerships with …
“Many estates won’t have to worry about federal estate taxes at all because their estates will be lower than the estate tax exemption amount,” Zimmelman says. An estate tax is based on the value of your property at the time of your death and is imposed by either the federal or state government. The tax is determined by the …
Higher the current ratio, the greater is the short-term solvency of the firm and vice versa. If the current ratio is very high, it implies that the current assets are lying idle whereas a very low current ratio implies that short-term solvency is not good for the organization. Both quick ratio and current ratio represent […]