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Viewing 1 - 12 of 23
Depreciation written on Notebook.

March 27, 2025

MACRS Depreciation Calculator + MACRS Tables & How To Use

Free Calculator

Use our free MACRS depreciation calculator to compute the deductible amount for each year of the asset’s life. The IRS’s MACRS depreciation tables are included, along with an explanation of how to use them to calculate MACRS depreciation by hand. How to use our MACRS depreciation
Payment Overdue and pencil

March 25, 2025

How To Write a Collection Letter [+Templates]

Free Templates

Key takeaways: A collection letter is a written correspondence informing a client of a lapsed invoice date and reminding them to settle their debt. It is typically sent within 14 days after the missed due date. The process of how to write a collection letter
A man is computing using a calculator

March 10, 2025

What Is Prime Cost? Formula + Free Calculator

Free Calculator

The prime cost is the total direct material and labor costs of producing a product or delivering a service. It helps you analyze how much these costs reduce your gross profit, making it easier to determine whether your expenses are within a healthy range. The formula
Woman is holding a paper with charts printed on it while using calculator.

February 26, 2025

How To Set Up QuickBooks Online for Nonprofits

Free Donor Restriction Tracker

In this article, I’ll guide you through setting up QuickBooks Online for nonprofits, from getting a QuickBooks Online plan and modifying the account setting to creating products and services and setting up classes and locations. The process ensures your income and expense information is perfectly
Creative woman working with computer in the office

November 22, 2024

How To Use Excel for Accounting [+Free Templates]

Free Templates

Microsoft Excel is an incredibly powerful tool for accountants, especially when it comes to handling complex calculations that most bookkeeping software can’t. While I wouldn’t suggest relying on Excel as your main bookkeeping system, it’s perfect for filling in gaps where your primary tool might
Hand using calculator and eyeglass beside it.

November 20, 2024

Accounts Payable Turnover: Definition, Formula & Calculator

Free Calculator

The accounts payable (A/P) turnover ratio is a liquidity measure that shows how fast a business pays its suppliers during a specific period. The A/P turnover formula is: Accounts Payable Turnover = Total Credit Purchases Average Accounts Payable Accounts Payable Turnover Ratio Calculator Generate A/P reports faster by using accounting software.
Inventory Turnover Ratio

November 13, 2024

Inventory Turnover Ratio Defined: Formula, Calculator & Examples

Free Calculator

The inventory turnover ratio is an efficiency ratio that measures the number of times a company sells and replaces stock during a set period, generally one year. While you shouldn’t base decisions solely on it, a high inventory turnover is generally positive and means you
Closeup shot of an invoice document on a white surface

November 6, 2024

2 Free Locksmith Invoice Template Designs

Free Template

A professional locksmith invoice must include standard information such as the invoice number, amount due, and customer billing address. It must also include special items like detailed descriptions of items and services, relevant dates, a warranty statement, and terms and conditions. We provide two locksmith invoice
Two employees working.

October 29, 2024

How to Set Up Advanced Settings in QuickBooks Online

Free QuickBooks Tutorials eBook

I’ll walk you through how to set up advanced settings in QuickBooks Online. I’ll show you how to navigate to the Advanced tab, where you can set up and adjust various preferences, including the fiscal year and accounting method, company type, chart of accounts, and
Cash Management word written in a white and red puzzle pieces.

October 8, 2024

10 Cash Flow Management Tips for Small Businesses

Free Calculator

By following our 10 cash flow management tips for small business operations—including not paying bills until due, utilizing a credit line, investing excess cash, establishing a petty cash fund, and determining your cash conversion cycle—you can meet short- and long-term cash requirements and optimize return
Professionals working on data and graphs

August 30, 2024

What Is Trailing Twelve Months [+ Free Calculator Template]

Free Template

Trailing twelve months (TTM) refers to a company’s past 12 consecutive months of performance data used in financial reporting.

person calculating assets

August 12, 2024

Fixed Asset Roll Forward: Template & Explanation

Free Template

A fixed asset roll forward is an accounting process used to track changes in the fixed assets and accumulated depreciation accounts from the beginning to end of the year. It shows all fixed asset acquisitions, fixed asset disposals, and depreciation for the year, thus reconciling
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