Independent contractors are business owners, meaning they set their fees and can have more than one client at the same time. When you interfere with the financial side of an independent contractor’s business, you’re crossing the independent contractor-employee line. The most noticeable difference between contractors and employees pertains to benefits and protections. Employees are often […]

The 21st century has seen an increase in Challenger banks in the United Kingdom, with benefits including fee-free overseas spending. Notable challenger banks include Monzo, Revolut and Starling Bank. The major debit card vendors in Brazil are Visa (with Electron cards), Mastercard (with Maestro cards), and Elo. However, if you have overdraft protection on your […]

With GoDaddy Bookkeeping, these online sellers will quickly and easily be able to manage their finances with automatic access to their sales data within one system. Project management is lacking, along with payroll, bill-pay, inventory management and other features larger businesses would quickly miss. To be fair, GoDaddy is not competing against QuickBooks or Xero, […]

In fact, healthy nonprofits will do this to help fund 3-6 months of operating reserves. There are a number of tools that can assist in creating a nonprofit budget. Some of the best options include Google Sheets, Excel, and budgeting software programs like Xero or QuickBooks. That means your nonprofit will be allocated funding for […]

To continue the previous example, if the patent cost $25,000 and had an amortization period of 10 years, the annual expense would be $2,500. You must use depreciation to allocate the cost of tangible items over time. Likewise, you must use amortization to spread the cost of an intangible asset out in your books. So […]

Most businesses calculate depreciation and record monthly journal entries for depreciation and accumulated depreciation. Accumulated depreciation is a direct result of the accounting concept of depreciation. Depreciation is expensing the cost of an asset that produces revenue during its useful life. Buildings, machinery, furniture, and fixtures wear out, computers and technology devices become obsolete, and […]

According to Indeed, Paro freelancers earn an average of $46.40 per hour with a low of $23.10 per hour and a high of $77.50 per hour. The great thing about hiring a Paro freelancer is you pay only their base rate, which is a fraction of the cost of hiring one of these professionals through […]

The latter sense of the term adjusts these investments for any gains or losses the owner(s) have already realized.Accountants recognize various subcategories of capital. Working capital defines the sum that remains after subtracting current liabilities from current assets. Equity capital specifies the money paid into a business by investors in exchange for stock in the […]