Notes Payable: Notes Payable: The Promissory Path of Current Liabilities
When it comes to managing notes payable, it’s all about balancing bigger debts and keeping things on track with formal agreements. In this section, we’ll dive into the key metrics that help businesses stay on top of their notes payable. These accurate journal entries help maintain the balance sheet balance, enable precise tracking of liabilities […]
Paycheck Calculator to Determine Your Tax Home Pay
Remember, the federal withholding calculator is a helpful tool, but it’s an estimate. Federal income tax withholding refers to the portion of your employees’ paychecks you send directly to the federal government to cover their tax liability. To accurately calculate tax withholding for your employees, consider their total income, filing status, and the number of […]
What are the differences between solvency ratios and liquidity ratios?
This ratio indicates the degree of financial leverage being used by the business and includes both short-term and long-term debt. A rising debt-to-equity ratio implies higher interest expenses, and beyond a certain point, it may affect a company’s credit rating, making it more expensive to raise more debt. A business is liquid if it has enough […]
Efficient Bookkeeping Services for Kansas City Businesses
We try our best to keep you with the bookkeeping team you’re assigned when you come on board. If there’s any change in your bookkeeping team, we’ll let you know as soon as possible and make sure the transition is a smooth one. We use Plaid, which lets you securely connect your financial accounts to […]
