Who are the best CPAs for startups?

By demonstrating a deep understanding of your financial trajectory, we help position your startup for the best possible outcomes in any due diligence scenario. A general ledger is a compilation of entries detailing each of your business’s financial transactions. If you are using software, your statements will be added automatically when you create an invoice […]

Cost of Debt Formula: What It Means and How To Calculate It

There is no better way to understand the concept of the after-tax cost of debt than to see it applied in real life. Don’t waste hours of work finding and applying for loans you have no chance of getting — get matched based on your business & credit profile today. Build business credit history, see […]

Phoenix, AZ tax preparation, bookkeeping and planning

The Fuel Tax Credit is supposed to be for off-highway business and farming use, and taxpayers need to have a business purpose and a qualifying business activity such as running a farm or buy aviation gasoline to be eligible to claim. A recent report from the Treasury Inspector General for Tax Administration also found problems […]

Gross Margin Ratio Learn How to Calculate Gross Margin Ratio

Gross margin, a key financial performance indicator, is the profit percentage after deducting the cost of goods sold (COGS) from a company’s total revenue. In other words, the Gross Margin Formula is not just a mathematical calculation; it is an agile tool that enables us to take necessary actions based on actionable insights. Analysts use […]

Unity Scripting API: Canvas scaleFactor

For these software services, ScaleFactor charged around $6k annually up to $30k for their most premium plans. Graphcore, a UK-based startup that designs processors specifically for artificial intelligence… I’ll let you decide, but the one thing that’s apparent is that the challenge of interweaving accounting and AI functionalities into one platform that accomplishes tasks that […]

Total Debt-to-Total Assets Ratio: Meaning, Formula, and What’s Good

There is no real “good” debt ratio as different companies will require different amounts of debt based on the industry they operate in. Airline companies may need to borrow more money because operating an airline is more capital-intensive than say a software company that needs only office space and computers. A higher debt ratio (0.6 […]

How to Calculate Opportunity Cost with Formula

In other words, it’s the money, time, or other resources you give up when you choose option A instead of option B. The goal is to assign a number value to that cost, such as a dollar amount or percentage, so you can make a better choice. In other words, she’ll give up a 2% […]

Bookkeeping vs Accounting: A Small Business Guide to the Differences

Double-entry accounting means that for every debit entry you make, a corresponding credit entry must be made. Whether it’s updating your books or keeping in contact with your tax adviser, maintain your business’s financial records and expenses throughout the year. That way, you can be well prepared when it’s time to file taxes with the […]

A Step-by-Step Guide to Absorption Costing

Carrying over inventories and overhead costs is reflected in the ending inventory balances at the end of the production period, which become the beginning inventory balances at the start of the next period. It is anticipated that the units that were carried over will be sold in the next period. If the units are not […]