Schedule a free 15-minute discovery call with our experts to discuss your firm’s needs and how we can help. Get a quick call with an expert to discuss custom solutions for your business. I’ve had the pleasure of working with Kollect for assistance with client relations and collecting outstanding receivables. Accounting Review Meeting Streamline employee […]

From automation to connected tools and expert support, discover how Xero helps you become an advisory powerhouse. Explore free resources below for helpful tips and steps to get you to the next level. Xero is here to help, no matter your experience level. Earning your way toward a Xero Advisor certification is a deliberate but […]

By continually expanding your knowledge of liabilities and other financial concepts, you will not only enhance your professional skills but also stay ahead of the curve in an ever-evolving industry. High liabilities may signal financial distress and potential insolvency. It records financial events when they are incurred, rather than when cash is exchanged. The accrual […]

By consistently applying this method, companies can better interpret sales data, enhance decision-making processes, and ultimately drive profitability and sustainable success. These percentages indicate the proportion each category contributes to the overall sales for that period. Knowing how to calculate percentage of sale is a valuable skill that empowers you to make informed decisions, maximize […]

If your total revenue from sales is higher than your expenses, you have a positive net income. We’ll cover what it means, why it matters, where it lives on your income statement, and most importantly, how to calculate it. Learn how to calculate net income (NI), including the formula to use, and see how it […]

R&D amortization for a mobile phone company, however, should be amortized much faster (a smaller number of years) since new phones tend to emerge much more quickly and, thus, come with shorter shelf lives. Indirect costs often get overlooked, but they can make up a significant portion of R&D spend. These include balance sheet shared […]

It can also be helpful to understand the different roles that bookkeeping plays in accounting. Bookkeeping is an activity that’s primarily used to record and analyze financial transactions, but it can also help in making decisions about investments or managing cash flow. It’s important to understand the different roles that bookkeeping can play to utilize […]

The Senior Accounting Officer regime affects companies that have turnover above £200 million or balance sheet totals exceeding £2 billion. The SAO must take personal responsibility for the company’s tax accounting arrangements. Missing these obligations results in personal financial penalties. k38consulting is a leader in accounting services for startups Many businesses are faced with difficulties […]

One common dilemma that often arises is how to classify a vehicle in terms of accounts. When it comes to managing our finances, it is important to categorize our assets correctly in order to accurately track our wealth. For most consumers, the combined effect of high recurring costs and bike is asset or liability value […]