Category: Bookkeeping

Franchisees aim to maximize profits by implementing various cost reduction strategies. They should evaluate their largest expenditures, such as wages and marketing fees, to find ways to cut costs without compromising on the quality of operations or staff morale. Franchise bookkeeping challenges demand a blend of technology, education, and communication. Outsource your franchisee bookkeeping to…

It can enhance the valuation of a business by reducing tax liability, which in turn reduces the firm’s net assets. Depreciation allows businesses to deduct a portion of the cost of assets like equipment, vehicles, and buildings from their taxable income each year. This can lead to significant tax savings, especially for businesses with high…

Horizontal analysis involves looking at Financial Statements over time in order to spot trends and changes. This can be useful in identifying areas of concern for a business, as well as improving the performance of companies that horizontal analysis formula are struggling. An absolute comparison involves comparing the amount of the same line of the…