If you are planning to put your money in mutual funds, an online SIP calculator could be helpful in deciding the amount you need to invest for building a certain corpus fund. A SIP calculator is an online tool that allows investors to assess the possible returns of a Systematic Investment Plan (SIP) in mutual…
Your QuickBooks Live Bookkeeper will not send invoices, pay bills, manage your inventory, or provide tax or financial advisory services. Unlike QuickBooks Live Bookkeeping, Bench also offers historical bookkeeping services beyond the last filed tax return as well as tax filing and advisory services. And if you need accounts receivable or accounts payable, Bench offers…
Both QuickBooks Online and QuickBooks Desktop are designed to handle small business’s bandwidth and needs. Strictly based on ease of use and basic functionality, QuickBooks Online is an easier-to-adopt option that can handle small business accounting needs well. Seeing as it’s a program installed on your local system, it relies on the device’s processing power…
Both QuickBooks Online and QuickBooks Desktop are designed to handle small business’s bandwidth and needs. Strictly based on ease of use and basic functionality, QuickBooks Online is an easier-to-adopt option that can handle small business accounting needs well. Seeing as it’s a program installed on your local system, it relies on the device’s processing power…
That flexibility pertains to not only high-level organizational aspects of the operating model but also specific components such as funding. The right operating model for a financial-services company’s gen AI push should both enable scaling and align with the firm’s organizational structure and culture; there is no one-size-fits-all answer. An effectively designed operating model, which…
The two common ways of valuing this inventory, LIFO and FIFO, can give significantly different results for ending inventory. This system is preferred by most companies, but it is especially used in companies where the inventory is perishable or subject to quick obsolescence. LIFO might be better for taxes if your product’s inventory value changes…
AP processes, if interrupted due to employee absence, can multiply and burden the business. Outsourcing providers have an adequate workforce (and backup teams) to step in and manage your AP processes. Accounts payable outsourcing can increase the efficiency of your AP processes by streamlining vendor invoices and payments. Since everything is organized, you can also…
There are many different ways to calculate Depreciation, but the most common approach is the straight-line Depreciation method. Under this approach, the cost of an asset is divided by its estimated useful life to come up with a Depreciation expense per year. Take self-paced courses to master the fundamentals of finance and connect with like-minded…
Here we want to highlight one of these team members, Melodee Papke, our Vice President of Accounting Services. Keep reading to see what makes Melodee a crucial member of our staff and what she enjoys about working with us. Experience normal balance the power of streamlined operations and unrivaled financial management. What is Oil and…
Many firms that charge a flat monthly fee also offer tax filing services for an extra fixed annual fee in the range of $750 to $900. Although it’s a virtual service, Bench personalizes its clients’ experiences by assigning them a dedicated team of in-house professionals. The team takes over all bookkeeping functions, including setting up…