Small Business Bookkeeping 2024 Guide

Whether it’s a lack of interest or knowledge, many businesses outsource this process to a professional bookkeeper to ensure accurate and healthy finances all around. One of the advantages of using accounting software is that much of the reconciliation process is completed by simply linking your bank accounts to your software of choice. This allows […]

What Is Depreciation and How Is it Calculated?

The depreciation allowance for 2023 is $2,000 [($10,000 × 40% (0.40)) ÷ 2]. As of January 1, 2024, the depreciation reserve account is $2,000. If the depreciation deductions for your automobile are reduced under the passenger automobile limits, you will have unrecovered basis in your automobile at the end of the recovery period. Everything to […]

CPG Key Accounting Accounting Services for CPG Businesses

In 2019, accretive growers demonstrated a 5.0 percentage-point differential in organic growth by pulling the right commercial levers and gaining market share within their category (up from 4.6 percentage points in 2018). Compared with dilutive growers, accretive growers delivered a 0.6 percentage-point differential in organic growth as a result of efficient execution. In fact, more […]