Category: Bookkeeping

There’s almost an unlimited number of ways a company can use retained earnings. Stable companies might retain more earnings as a safeguard against economic downturns, while those with less risk may distribute more dividends. It is not the only metric to consider when performing a financial audit or screening of a company,...

When a company generates net income, it is typically recorded as a credit to the retained earnings account, increasing the balance. In contrast, when a company suffers a net loss or pays dividends, the retained earnings account is debited, reducing the balance. If a company decides not to pay dividends,...

We demonstrate our dedication to data security through the implementation of ISO in our office. Velan supports a New Jersey speciality chemical manufacturer with top-notch accounting services. Velan completes accounts receivables and payables on time with 100% accuracy and earned the client’s trust. Determine how accessible the bookkeeping service will...

This will help you narrow down your options to a great extent. When seeking bookkeeping services in your area, there are a few critical aspects to consider. Book a call with your Bookkeeper Manager directly through the Velocity Ledger Platform. Whether it’s tax season review call or a monthly check-in,...

This field of accounting also utilizes previous period information to calculate and project future financial information. This may include the use of historical pricing, sales volumes, geographical locations, customer tendencies, or financial information. Requirements to enroll in the CMA program include membership to the IMA, payment of a program fee,...

The distinction between traditional and innovative accounting practices is illustrated with the visual timeline (see sidebar) of managerial costing approaches presented at the Institute of Management Accountants 2011 Annual Conference. To facilitate its educational objectives, the Institute has accredited a number of universities which have master's degree subjects that are...

Accounts receivable factoring is a valuable financial tool that provides companies with immediate cash flow and relieves them of the burden of collecting payments. By understanding the definition and process of accounts receivable factoring, companies can make informed decisions and effectively manage their cash flow. You can transform your collections...

When factoring receivables, it is critical to understand your discount fee or factoring fee and the advance rate against the invoice value. This key difference lies in who manages the collection process and the nature of the financial arrangement. If your business is experiencing cash flow gaps due to delayed...