Elysa Leonard

One of the best advantages of working with an outsourced accounting team is that you’ll get access to the most up-to-date accounting software. Outsourced accounting refers to all the accounting services from an external service provider hired by a business. Apart from enhanced security and access to experts, businesses have significantly benefited from outsourced accounting. …

Accounting for Small Businesses: A Comprehensive Guide to Financial Management Read More »

Accountants in this department make use of the cost of products and services, the sales revenue, as well as the budget of the company to generate useful information. Financial leverage refers to a company’s use of borrowed capital in order to acquire assets and increase its return on investments. Through balance sheet analysis, managerial accountants …

1: What Is Managerial Accounting? Business LibreTexts Read More »

The cash basis of accounting involves only recording transactions when the cash related to them is either paid out or received. A company’s finances can be handled using either the cash basis or the accrual basis of accounting. Obviously, the financial world needs an accurate picture with sufficient detail from an income statement, balance sheet, …

How to convert cash basis to accrual basis accounting Read More »

I had a problem and called your staff; she got me back on track within 15 minutes with very little information lost. RazorSync is an affordable platform that keeps your team connected in the field. If your lawn care company handles snow removal, hardscaping, or landscape construction, RazorSync can help. It’s important to note that …

Understanding Bookkeeping for Landscaping Business Read More »

An adjusting entry to record a Revenue Deferral will always include a debit to a liability account and a credit to a revenue account. An adjusting entry to record a Revenue Accrual will always include a debit to an asset account and a credit to a revenue account. The point where an adjusting entry becomes …

The difference between accruals and deferrals Read More »