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Bookkeeping

ECommerce Portals: Make the Most of eCommerce Portal Business Model

AI is also used by ecommerce brands to create efficiencies and automate processes. Several AI apps in the Shopify App Store can help businesses automate tasks like customer service chat, syncing between sales channels, and inventory management. And adoption of AI tools is growing in the general population, with the number of users expected to...
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How to Calculate Manufacturing Overhead

Overhead application is required to meet certain accounting requirements, but is not needed for most decision-making activities. Applied overhead costs include any cost that cannot be directly assigned to a cost object, such as rent, administrative staff compensation, and insurance. A cost object is an item for which a cost is compiled, such as a...
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Tax Preparation Outsourcing: What You Need To Know

Top accounting firms have already taken the outsourcing path, and we need to accept the necessity of shifting all mundane tasks to the safe hands of offshore tax preparers. Upon deciding to outsource your CPA firm’s tax preparation needs, it is first necessary to define your goals so you know how to make the best...
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What Are T Accounts? Definition and Example

And that’s how you manually record T accounts into the ledger. It’s impossible to provide a complete collection of examples that addresses every financial transaction with the corresponding T account. That’s why we’ve only gathered some of the most frequent financial activities businesses deal with in their day-to-day operating cycle. Now, every business has its...
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Sales Returns and Allowances Definition and Explanation

A write-off is an expense debit that correspondingly lowers an asset inventory value. Companies adjust for write-offs or write-downs on inventory due to losses or damages. This requires a company to make additional notations to account for the item as inventory. These memos may correspond to different customers, different reasons for the credit, or even...
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Outsourcing Accounting & Bookkeeping Services to India

In the end, the decision to outsource is specific to each startup and dependent on your unique needs and ambitions. Here’s a comprehensive guide to help you understand the process and make the right choice for your startup. A vertically integrated, full service real estate company based out of Bellevue, WA. The firm has developed...
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NerdWallets Best Accounting Software for Amazon FBA Sellers

This offers a more realistic idea of income and expenses over time, leveling out the sometimes unpredictable swings of cash accounting. You can run a reconciliation report to see if there are any inconsistencies between https://www.kelleysbookkeeping.com/ bank and credit card statements and what is showing up in Xero. This is especially important at tax time...
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Margin of Safety MOS Formula + Calculator

The Margin of safety is widely used in sales estimation and break-even analysis. In simpler terms, it provides useful insights on the sales volume for a company before it incurs losses. For a profit making entity, any changes in production level or product mix may yield substantially lower revenue. The margin of safety provides useful...
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Bookkeeping, tax, & CFO services for startups & small businesses

Our clients are portfolio companies of top technology and Silicon Valley investors, including Y-Combinator, Kleiner, Sequoia, Khsola, Launch, Techstars and more. With us, your books and taxes are in order when it’s time to raise another round of venture financing. With reasonable, fixed fee pricing plans, startups can get CPA level expertise for the cost...
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