It can be used to make informed decisions and develop a long-term business plan for your company’s future success. By looking at each component individually, you can start to ask yourself critical questions about your pricing and costs. If you’re having trouble hitting your break-even point or it seems unreachable, it’s time to make a […]
Project accounting shares the same fundamentals as other accounting methods such as cost accounting. However, there are certain aspects of project accounting that differ from traditional accounting methods. Productive is the all-in-one agency management tool for project, financial, and resource tracking. Additional features of Productive include Project Management, Reporting, Sales, Docs, and Automations. Productive also […]
Complete an Oregon Business Registry Resale Certificate and give it to the out-of-state seller at the time of purchase. The seller may accept this certificate and exempt the transaction from their state’s sales/use/transaction tax, but they aren’t required to accept it. To qualify for the home sale exclusion, otherwise known as the Section 121 Exclusion, […]
Companies may need significant time and effort to identify which categories their income and expenses should sit within the income statement. Companies may also need to change the extent of information disclosed in the notes to the financial statements. As current reporting practices and maturity of reporting systems differ among companies, the level of impact […]
You should be charging your clients accordingly for your services. Otherwise, you could wind up losing clients to other firms (and no bookkeeper wants that). Because fixed rates are so risky for accounting firms, they’re usually reserved for very straightforward bookkeeping jobs. On paper, a part time bookkeeper may look like an attractive option. However, […]