by admin | Oct 10, 2022 | Bookkeeping
One person should start by running down your master list, counting each ingredient, and recording it in a draft list. Go through all your recipes and insert each ingredient into your master restaurant cash flow list, under their respective food categories. Go through...
by admin | Jan 10, 2022 | Bookkeeping
The clarity provided by accurate bookkeeping is instrumental in devising strategies that enhance overall operational efficiency and profitability. When you first start handling the accounting and bookkeeping tasks for your ecommerce business, you’ll likely be...
by admin | Nov 24, 2021 | Bookkeeping
The capitalized cost of an asset is recorded as the asset’s “book value.” This book value is then used to calculate the company’s “net worth,” which is the second way that capitalization affects the balance sheet. Net worth is the...
by admin | Jul 23, 2021 | Bookkeeping
Business expenses need not be required to be considered ordinary or necessary. Generally, ordinary means that the expense is common in the industry and most business owners in the same line of business or trade would normally expense these things. Necessary means that...
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