article thumbnail

8 Benefits of Online Bookkeeping

xendoo

Conversely, an online accounting firm can often provide experience in such areas as: Personal financial planning and assistance Forensic Accounting Managerial Accounting IT auditing Non-profits Tax Preparation Some of these tasks tend to be cyclical, such as your annual tax preparation.

article thumbnail

Learn When Your Should Outsource Your Accounting

xendoo

Outsource accounting services can help you stay up-to-date on your books, compliant with regulations, and firmly in control of your company’s financial future. With that in mind, here are some of the reasons why you should consider partnering with an online accounting firm. Forensic accounting. Managerial accounting.

Account 98
article thumbnail

Business Budgeting Software Guide: Budgeting Software for Small to Enterprise Business

Snyder

Profit margin analysis. Understanding your gross profit margin is essential when creating your budget. To calculate your gross profit margin, you need to subtract the cost of goods sold (COGS) from the net sales (which is gross revenues minus returns, allowances, and discounts) and divide the result by the net sales.