Familiarizing yourself with Xero software is the first step towards mastering essential software skills that are fundamental to modern accounting practices and expanding your accounting knowledge. Being part of the Xero community allows individuals to showcase their proficiency, connect with potential clients, and stay at […]

You can repeat these three steps for each account you wish to connect. As a new user, the first thing you’ll have to do is set up QuickBooks Online for your business. Learn about the different ways you can record your spending, how to record […]

Next, calculate employer and employee payroll tax liability for ESI, EPF, EPS, the health and bookkeeper duties education cess, and employee income taxes as percentages of employees’ gross pay. The process also involves compliance with legal and tax regulations, as well as company policies related […]

If a company ever has to liquidate, common shareholders are the last group of people who can make claims. From an investment standpoint, common stockholders usually profit more handsomely in the long run. Some shares may be acquired by public members, whereas others are only […]

In our example, the sales revenue from one shirt is \(\$15\) and the variable cost of one shirt is \(\$10\), so the individual contribution margin is \(\$5\). This \(\$5\) contribution margin is assumed to first cover fixed costs first and then realized as profit. You’ll […]

Bookkeeper360 has several different services and solutions for business owners, and the total cost will vary depending on the services selected. Depending on the needs of your business, you can choose from the pricing plans that are offered for Bookkeeper360’s individual services, or you can […]