Why SaaS Companies Need a Fractional CFO
These same companies see their value grow once they get their finances in order. Money management skills matter more now as investors want both growth and profits. This explains why 82% of SaaS CFOs hired by portfolio companies since 2023 already had CFO experience. The same thing happens when SaaS startups focus too much on […]
Saving the Receipts: What to Keep and What to Toss
If you answered yes to any of those questions, keep the receipt. You can always throw the receipt away if you don’t end up using it for your tax return. Due to recent popularity, the number of receipt apps continues to grow, but they aren’t all created equally. Protect your records from loss And while […]
Understanding the Multi-Step Income Statement in Financial Accounting: Overview and Examples
A simple multiple step income statement separates income, expenses, gains, and losses into two meaningful sub-categories called operating and non-operating. Single step vs multi step income statements means the difference between simple and detailed income statements. A multi step income statement includes subtotals for gross profit, operating expenses, and non-operating expenses. Access and download collection […]
Profit and Loss Statement P&L
A profit and loss statement summarises revenue and expenses during a specified period, usually a quarter or a year. You start with revenue and then subtract the costs of doing business, such as operating expenses and taxes, to calculate the net profit or loss. A cash flow statement reflects changes in cash, mostly based on […]
How to file backdoor Roth IRA conversion in TurboTax
It’s greatest to comply with the steps contemporary in a single go. If you happen to already went forwards and backwards with completely different solutions earlier than you discovered this information, a few of your earlier solutions could also be caught someplace you not see. First click on on “I moved …” then click on […]
Wire transfer vs electronic payment: what’s the difference?
The treasuryXL Partner Program is designed for organizations offering products or services in treasury, cash and risk management. I have 20 years of experience working across Asia as a corporate lawyer, investor, and entrepreneur. I’ve seen firsthand how challenging it can be for small and medium-sized businesses to access reliable financial services—especially when operating a… […]
How long after a check is deposited can it be stopped?
Employers ask employees to present voided checks to set up direct deposits. This is because a voided check has all the necessary information, like your account number and routing number. Using a voided check helps ensure that your account details are correct and match the records you provided. This reduces the chance of errors when […]
Hubdoc Set date to current century Share and support customer ideas for Xero
They can’t look at any documents or add connections within the practice’s own Hubdoc organization. Choose from user roles like upload only, standard, or accountant/bookkeeper. Hubdoc’s software provides a slick way to store and organize financial records. Manually typing documents into a spreadsheet or software is monotonous and time-consuming. Hubdoc, Xero’s data capture tool, helps […]
What’s the Difference Between Gross Income vs Net Income?
If the business also happened to get a payout from a lawsuit or insurance policy, those wouldn’t count as revenue. Gross profit is a company’s revenue minus the costs specifically linked to achieving those sales. It helps evaluate how well a company manages its production costs, such as labor and supplies. These costs are separate […]
Product Costs Types of Costs, Examples, Materials, Labor, Overhead
Direct material costs are the costs of raw payroll materials or parts that go directly into producing products. For example, if Company A is a toy manufacturer, an example of a direct material cost would be the plastic used to make the toys. Costs needed for setting up and keeping production or sales going are […]
