Bookkeeping

Choose CFI for unparalleled industry expertise and hands-on learning that prepares you for real-world success. While Roman numerals are technically additive (MM is really 1,000 plus 1,000 or 2,000), MM is still a fairly common way of abbreviating millions, especially in certain industries like oil and gas. This guide will explore how the notation should […]

A small-town baker is often a good fit as a sole proprietor while a more growth-minded bakery will need to eventually form a business entity such as an LLC. Once you start expanding your business or hiring employees, then it might make sense to register a limited liability company (LLC). We recommend checking the relevant […]

The corporate excise and income tax is the second largest source of state tax revenue. This is expected to account for 11% of the state’s General Fund for the 2023–25 biennium. The corporate tax rates are 6.6% and 7.6% of taxable business income. Oregon state tax can’t get any better when it comes to purchasing […]

When conducting horizontal analysis, several metrics stand out as particularly informative. Revenue growth is often the first metric examined, as it provides a clear picture of how a company’s sales are evolving over time. By comparing revenue figures from different periods, analysts can gauge whether the company is expanding its market presence or facing challenges […]

This discrepancy can lead to significant differences between the balance recorded in the company’s books and the actual available funds in the bank account. In the intricate dance of financial reporting, the role of outstanding checks often plays a subtle yet significant part. These are checks that have been written and recorded in the issuing […]

Having your financial, legal, and commercial issues in order can maximize valuation and speed time to a successful close. For example, if a company generates a cash flow of $1 million at the end of the first period, and the discount rate is 8%, with a growth rate of 3%. Of the valuation methods on […]

As a member, you get a concise 15-minute wrap-up of the latest changes in federal and state requirements in our General Ledger eletter. A yearly gathering of bookkeepers from across Canada with learning sessions, social activities, and leaders in accounting technology. Online learning to help you enhance your knowledge, develop new skills, and hone your […]

Now that you discovered the most important bookkeeping skills and how to assess them, let’s close this article with a few frequently asked questions. A certified bookkeeper is also knowledgeable of the standards that govern bookkeeping activities, like the US GAAP, the Generally Accepted Accounting Principles. Here’s an in-depth look at the hard and soft […]