Category: Bookkeeping

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Budget Variance Analysis Step-by-Step Guide

To perform a horizontal analysis, you must first gather financial information of a single entity across periods of time. Most horizontal analysis entail pulling quarterly or annual financial statements, though specific account balances can be pulled if you’re looking for a specific type of analysis. Companies use the balance sheet, income statement, and cash flow…
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What Is Bookkeeping? Definition, Tasks, Terms to Know

For example, you may find yourself in a dispute with a vendor or under audit by the government. Without clean financial records, you may be at risk of paying settlements or tax penalties for avoidable financial errors. You also may be able to prevent or uncover fraud, whether from customers, vendors, or employees. Bookkeeping…
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The Ultimate Guide to Truckers Bookkeeping for Your Trucking Company

Even if you are updating your books daily, you still need to check your finances regularly. A major problem with bookkeeping for truckers is the sheer amount of credits and debits from all over the country that takes place as part of keeping your company in business. Generally, records are recorded daily to ensure that…
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