Bookkeeping 101: Bookkeeping Basics for Small Businesses

By: Tim Mcintosh

With these basic accounting tips for small-business owners under your belt, we’re sure you have the tools you need for small-business success. If you set up your finances with cash-basis accounting, you’ll record financial transactions when the cash moves accounts. When https://www.bookstime.com/ you have a small business, you’re responsible for paying taxes on your income […]

Time and a Half: What It Is and How to Calculate It

By: Tim Mcintosh

Overtime laws dictate how much you have to pay staff on top of their regular rate. These laws are part of the Fair Labor Standards Act (FLSA), which protects workers from exploitation. Some states have varying overtime regulations, so check the Department of Labor to confirm. Though calculating overtime pay for salaried employees is similar […]

Accounting Rate of Return ARR: Definition & Calculation

By: Tim Mcintosh

If your manual calculations go even the slightest bit wrong, your ARR calculation will be wrong and you may decide about an investment or loan based on the wrong information. Hence using a calculator helps you omit the possibility of error to almost zero and enable you to do quick and easy calculations. Using the […]

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