Bookkeeping Archive

As a practitioner, you might also want to write your psychotherapy notes with SOAP, DAP or BIRP. As such, make sure you check that the psychotherapy practice management software you choose offers your preferred framework. ZarMoney’s Profit & Loss feature clearly explains your business’s profitability, a crucial aspect of any therapy practice. Which plan is

If you’ve been looking for ways to attract new clients and get your existing ones booking more often, you’re in good company – most businesses have the same sticky problem.The answer? Are you staying current on the latest research, considering legal compliance factors, or finding a way to attract new clients and build a thriving

This means that hourly employees working standard 40-hour workweeks in the usual frontline industries (retail, hospitality, healthcare, etc.) are non-exempt and must receive time and a half pay if they go into overtime. First, input the regular hourly wage of the employee.Then, enter the number of overtime hours worked during a specific pay period. It

On the other hand, the gross margin for manufacturing companies will be lower as they have larger COGS. This metric is calculated by subtracting all COGS, operating expenses, depreciation, and amortization from a company’s total revenue. Like the gross and net profit margins, the operating profit margin is expressed as a percentage by multiplying the

It is possible for an account expected to have a normal balance as a debit to actually have a credit balance, and vice versa, but these situations should be in the minority. Abnormal account balances are triggered by transactions that are out of the ordinary; for example, the cash balance should have a normal debit

Figuring out the value of your donations on your own can be difficult and potentially time-consuming. TurboTax offers the ItsDeductible tool to streamline the process for you, which can be especially handy when you’re on the go. The buttons you described are near the end of entering donations, so it sounds like you already entered

This gives the company greater flexibility with future dividend plans for shareholders. Conversely, once the company locks into debt obligation, the flexibility https://www.online-accounting.net/general-ledger-account-accounting-101-what-is/ decreases. First, it illustrates the percentage of debt used to carry a company’s assets and how these assets can be used to service loans. One shortcoming of the total debt-to-total assets ratio