The productivity benefits and specialized tools make paid self-employed accounting software worth the monthly fees for most full-time, self-employed users. However, if you have very limited accounting needs for your small business, then choosing a free platform should be fine. A. One major consideration when choosing a bookkeeping software tool suited for sole proprietors and […]
Category Archives: Bookkeeping
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Total Liabilities encompass all the financial obligations a company has to external parties. It is crucial to ensure that all liabilities, both current and long-term, are accounted for when calculating the D/E Ratio. Current liabilities are obligations that are due within a year, whereas long-term liabilities are due after one year. A company that does […]
Mark-to-market (MTM) is an accounting practice that involves valuing assets and liabilities at their current market prices or fair values, rather than their historical cost. This approach provides more accurate and up-to-date information about the financial condition of a company or institution. In a mark-to-market valuation, Assets are revalued periodically based on their current market […]
Services for small businesses and individuals include income tax services of all types, bookkeeping, payroll preparation, and business advisory service. Burr Business Service employees are members of the Nebraska Society of Tax Professionals, National Society of Accountants, American Institute of Professional Bookkeepers, and more. A strategic partnership with the right agency creates a powerful combination […]