Bookkeeping

Investors should compare cap rates within similar property types and locations to ensure they make an informed decision. Newer or well-maintained properties usually come with lower cap rates. The need for fewer repairs means more predictable operating costs and an overall lower risk. Older buildings with deferred maintenance may require higher returns to justify future …

Cap Rate 101: Definition, Calculation & Good Cap Rate Factors Read More »

It is, however, still preferred because of the accuracy and reliability it offers in the payment making process. When the three documents are cross-checked back to back, there is hardly any chance of misled payments. The invoices are only approved when the checking authorities are satisfied with what the invoice, purchase order receipt and goods …

Difference between 2-Way and 3-Way Matching in Invoice Processing Read More »

Success in business is often hard-earned, but it can be significantly influenced by adhering to some tried and tested principles. Below is a list of 10 fundamental business principles, sourced from industry leaders and academic studies, that can guide you on your path to success. Prior to launching your business, you need a solid monetary …

10 Principles of Effective Organizations Read More »

When researching companies, the financial statement is a great place to start. The company would now adjust the carrying amount to £90,000, and Airbnb Accounting and Bookkeeping depreciation would be calculated using the revalued amount. If the asset’s value is found to be impaired, the carrying amount would be reduced. Shaun Conrad is a Certified …

What is a Plant Asset? Definition and Real-World Examples Read More »

The result is an optimized blend of systems, technologies and personnel that deliver more accurate and timely results versus an in-house financial staff. Businesses can have access to qualified individuals with a technical understanding of accounting concepts and practices by entering into the world of outsourced bookkeeping. This knowledge can assist in streamlining financial operations …

How to Outsource Bookkeeping Services: A Guide Unity Communications Read More »