The difference between the face value of the bond and the cash received is called the bond discount or discount on bonds payable. When the market rate is not the same as the stated or contract rate, the bond payable and cash will not be the same. If the market believes that the company may […]

Whether you’re launching a product, starting a business, or pricing services, knowing your break-even point helps you make smarter decisions. Anything after that amount, will be profit for the company. So, he decides to calculate the break-even point, so that he and his management team can determine whether this new product will be worth the […]

It excludes capital expenditures needed to maintain or grow your business, and it can be manipulated through timing of payments and collections. Medical supply purchases paid in cash immediately impact cash flow. When those sales occur, AR might increase if customers use store credit cards, temporarily reducing cash flow despite strong sales. A retailer buying […]

What sets Rocket Bookkeeper apart from generic directory services? We focus exclusively on accounting and bookkeeping professionals, which means every listing has been specifically curated for financial expertise. Between tracking expenses, filing taxes, and handling how is sales tax calculated payroll, many business owners find themselves drowning in financial paperwork instead of focusing on what […]

Transparent financial activity provides the necessary data to support planning and budgeting. Partners can compile a list of the most promising clients, determine each team’s expenses, and review pricing approaches. Monthly reporting allows lawyers to analyze business trends, identify inefficient activities, and forecast revenue. As we see, bookkeeping for law firms transforms large volumes of […]