For example, in the case of a mortgage, your home will always serve as the collateral. There are a wide variety of secured loans on the market that you may run into. While this sounds scary, there are advantages to secured loans, as well. In this article, we at the MarketWatch Guides team will go Read more about Secured vs Unsecured Loan: Whats the Difference?[…]

With Malone’s payroll management service, you have the ability to turnover payroll for as little or as many employees as you want rather than outsourcing payroll for your entire workforce. TriNet is tailored toward small to mid-sized businesses, offering a streamlined and user-friendly platform for payroll, benefits and HR management. The right payroll software or Read more about Payroll Software Online Payroll Services[…]

As your business grows and you hire employees, you can consider whether to rent office space or keep working remotely. Bookkeepers can be certified in various financial platforms, such as QuickBooks, or via training programs. You can also choose to become a certified public bookkeeper to market yourself better as a bookkeeping professional. As part Read more about 12 Online Bookkeeping Jobs To Start Your Bookkeeping Career[…]

If you’re looking for something very cheap and simple and your business is in its very early stages, the affordability of Merritt Bookkeeping makes it a good choice. Bookkeeping is an unavoidable part of having a business because the IRS has certain rules around financial recordkeeping. Aside from staying compliant, having organized books helps you Read more about How To Start A Bookkeeping Business 2024 Guide[…]

Conversely, operating leverage is lowest in companies that have a low proportion of fixed operating costs in relation to variable operating costs. If the composition of a company’s cost structure is mostly fixed costs (FC) relative to variable costs (VC), the business model of the company is implied to possess a higher degree of operating Read more about How to Calculate Operating Leverage: 8 Steps with Pictures[…]

This metric is commonly used to compare companies within the same industry to gauge whether they are on par with their competitors. Recourse factoring means your company is liable if your customers default on their invoices. In non-recourse factoring, you don’t have to pay if your customers default due to specific reasons such as bankruptcy. Read more about What is Invoice Factoring & How Does it Work?[…]

If it doesn’t know the answer, it will direct you to the TurboTax community forums or offer expert (human) help. It’s not 2024 without a chatbot thrown into the mix. TurboTax offers a 24/7 chatbot that answers your tax-related questions. “Most Americans don’t want the tax collector and enforcer to also serve as the tax Read more about IRS Free File now accepting 2021 tax returns Internal Revenue Service[…]

These types of expenses are composed of both fixed and variable components. They are fixed up to a certain production level, after which they become variable. It’s easy to separate the two, as fixed costs occur on a regular basis while variable ones change as a result of production output and the overall volume of Read more about Fixed vs Variable Cost: Whats the Difference?[…]

This means that a company comes in under budget and achieves a lower amount of overhead costs during the accounting period. A journal entry must be made at the end of the period to reconcile the difference between the estimated amount and the actual overhead costs. In this case we would, debit the factory overhead account and credit Read more about Solved Overapplied overhead occurs when the actual overhead[…]

Learn how Asana’s operations team uses standardized processes to streamline strategic planning—no matter how many stakeholders are involved. Using a contingency plan template will help you create well-developed strategies to help you protect your business from potential risk. Learn how to create a reusable action plan template in Asana to take the guesswork out of Read more about Cost Benefit Analysis: An Expert Guide[…]