Category: Bookkeeping

If you have a loss, there is obviously no income to be taxed by the tax authorities. This loss can be leveraged in future tax reporting periods to offset taxable income (you can ‘carry it forward’), which reduce the amount of tax you will pay in that specific tax ... Leggi tutto

Return on capital employed stands as a pivotal financial ratio, serving to gauge a company's profitability and the effectiveness with which it utilizes its capital resources. The calculation involves dividing net operating profit, or earnings before interest and taxes, by the total capital employed, which encompasses both equity and debt. ... Leggi tutto

Compared with XYZ’s ROCE, which is significantly lower at 15.47%, we see that ABC Corp is a more profitable and efficient business. EBIT, also known as operating income, indicates how much a company earns from its operations alone without interest on debt or taxes. In other words, it is the ... Leggi tutto

We have capital employed in the denominator instead of total assets (which is the case of Return on Assets). Essentially, it is the capital investment required for the regular functioning of a business. ROCE is a vital tool for comparing the efficiency of capital used across companies in the same ... Leggi tutto

We have capital employed in the denominator instead of total assets (which is the case of Return on Assets). Essentially, it is the capital investment required for the regular functioning of a business. ROCE is a vital tool for comparing the efficiency of capital used across companies in the same ... Leggi tutto

Your input plays a crucial role in the process, and we encourage you to ask questions and voice your concerns. At Bench, we understand the bustling economy of Sioux Falls, South Dakota, and the need for prompt bookkeeping services. Bench simplifies your small business accounting by combining intuitive software that ... Leggi tutto

This enables you to make proactive changes, ensuring that your growth is sustainable and profitable. As your business grows, accurate job costing becomes increasingly critical. With larger and more complex projects, having precise data on the costs of labor, materials, and subcontractors is essential to determine profitability. Expert bookkeepers ... Leggi tutto

It costs five to seven times more to acquire a new customer than to retain an existing one. In other words, once you’ve onboarded a new client, you need to do everything you can to retain them. Becoming a member of professional accounting bodies and associations is often a necessity ... Leggi tutto

One of the ways you can improve your credit score is to use financial products—credit cards, mortgages—that have attractive interest rates and assets = liabilities + equity other benefits. Credit Karma, NerdWallet, and WalletHub all show you targeted ads for these kinds of products; it's how the apps can remain ... Leggi tutto