A smart time tracking system can provide real-time data and minimize the chance of forgetting or inaccurately estimating hours worked. Even for fixed fee or project billing, tracking time spent can offer valuable insights into the efficiency of your work processes and help estimate future projects more accurately. Implementing a time tracking system can significantly…

Content The Original Currency Exchange Rates Calculator What is the difference between FX translation and FX revaluation? Difference between FX translation and FX revaluation Defining functional and foreign currencies Translation Risk: What it is, How it Works What to know about the functional currency approach Many companies publish CER numbers to separate the effects of…

A bookkeeper can tell you with comprehensive cash reports, while also managing your bank accounts and reconciliations. Our bookkeepers have years of experience and are experts in bookkeeping for businesses of all sizes. When you choose BooXkeeping, you can rest assured knowing that you’re getting the most reliable bookkeeping services from a team “obsessed” with…

The remaining portion of the advance payment is included as gross income for the subsequent tax year independent of how it is treated on your AFS. Under the cash method, generally, you deduct expenses in the tax year in which you actually pay them. Instead, you may be required to capitalize certain costs, as explained…