61% of freelancers today say their biggest problem is landing clients, so streamlining their process can clear room in their schedule to pursue their next gig. QuickBooks Online pricing offers five main plans, plus a host of add-ons for an extra monthly charge. Since you don’t have the additional cost of file hosting and servers, cloud-based software can actually be cheaper overall than desktop-based bookkeeping software. A Live bookkeeper cannot begin cleaning up your past books until they receive the required supporting documentation, which your bookkeeper will request from you after your first meeting. QuickBooks Setup Fee On the other hand, QuickBooks is easier to learn, has strong mobile apps, and has tax support. QBO has everything you’d expect from accounting or bookkeeping software, including expense tracking, bank reconciliation, journal entries, class tracking, what is interest expense and how is it calculated and more. You can create invoices, estimates, purchase orders, and sales receipts. While the software is easier to use than its locally-installed counterparts, you may face occasional navigational difficulties. Pricing increases throughout the years also make QuickBooks Online an expensive choice for some businesses. QuickBooks Online Advanced Plan But what QuickBooks Pro Plus sacrifices in mobility, it more […]

The answers to these questions should help you determine which plan is best for your business. QuickBooks Online is almost always offering a discount on its website, so be sure to check for any promotions before buying. QuickBooks Online has over 750 integrations to choose from, including common software programs, such as Shopify, Gusto, and Mailchimp. Small business owners get more deductions with AI-powered expense tracking and receipt matching. Banking services provided by our partner, Green Dot Bank, Member FDIC. Simple Start is for one user, but you can invite up to two accounting firms to review your books at no additional cost. These hours can be added by the manager manually, though the employee in question can also be given permission to add their hours themselves. This plan is designed for freelancers who file a Schedule C IRS form to report their income as sole proprietor. As with the Silver plan, this number can vary significantly from business to business. If you want cloud hosting, QuickBooks Enterprise also has each of its plans available with cloud access. Tax Forms & Support Pay bills on time with recurring payments and tracked due dates. If you’d like additional help, there are […]

Basic EPS does not factor in the dilutive effect of shares that could be issued by the company. Since basic EPS relates to earnings available only to common shareholders, the current year’s preferred dividends reduce from net income. Increasing basic EPS, however, does not mean the company is generating greater earnings on a gross basis. Companies can repurchase shares, decreasing their share count as a result and spread net income less preferred dividends over fewer common shares. Basic EPS could increase even if absolute earnings decrease with a falling common share count. Our earning per share calculator demonstrates how to determine EPS by starting with net income, adjusting for any preferred dividends, and then dividing by the average outstanding common shares. What Is the Formula for Calculating Earnings per Share (EPS)? One of the ways to make an informed investment decision is to compare the EPS figures for one company over a long time period. You can also compare EPS values for a few companies within the same industry to choose the most profitable one. All which corresponds to the owners (capital invested and retained earnings) is called equity. Consequently, a way to measure the return of the business compared to the investment of […]

Gross sales are a measure of the total revenue generated by a business, without taking into account any deductions or expenses. This metric is important because it provides a clear picture of the overall sales performance of a business. By examining gross sales, businesses can determine the revenue generated from various products or services, identify best-selling items, and allocate resources to improve sales. Gross sales is the sum of the total or grand total of sales transactions done over a period of time. The sales cost or other deductions like allowances and returns are not included in the gross sales. Companies that allow sales returns must provide a refund to their customer. A sales return is usually accounted for either as an increase to a sales returns and allowances contra-account to sales revenue or as a direct decrease in sales revenue. As gross sales vs net sales such, it debits a sales returns and allowances account (or the sales revenue account directly) and credits an asset account, typically cash or accounts receivable. This transaction carries over to the income statement as a reduction in revenue. Calculating gross sales Our guide covers essential components, helping you manage resources effectively. This blog […]