QuickBooks and PayPal Integration

Connect bank and credit card accounts for automatic downloads and categorization. Plug into apps you already use for seamless integration. But you have to pay a fee for each credit card transaction, which can hurt your profits. Here’s a guide to the best small business payment options to help you get started. If your customer […]

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4 8: Closing Entries Business LibreTexts

There may be a scenario where a business’s revenues are greater than its expenses. This means that the closing entry will entail debiting income summary and crediting retained earnings. But if the business has recorded a loss for the accounting period, then the income summary needs to be credited. Your closing journal entries serve as […]

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Bottom-up vs Top-down Sales Forecasting

Tesla’s earnings report, featured in The New York Times, provides an excellent example of how reaching the break-even point can be transformative for startups. To calculate this, divide your company’s fixed costs https://capitaltribunenews.com/navigating-financial-growth-leveraging-bookkeeping-and-accounting-services-for-startups/ by the contribution margin ratio (unit selling price minus variable costs per unit). Because we start from the “bottom” i.e. sales volume […]

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