Our services are available online, giving you the flexibility you need from your financial professional. We make it easy to track your finances and provide high-level insights that you need to run a rapidly evolving animal services business. The AVMA—along with many other organizations—recommends the AAHA/VMG Chart of Accounts as the standard chart of accounts …
Veterinary Accounting CPA Firm Home Page BFH, CPAs, Inc Read More »
It’s hard to beat free accounting software, especially if you’re running a small business on a budget. Wave’s free plan offers a decent number of features, like unlimited invoices, that are not always included with other free accounting software options, let alone paid accounting software plans. It also complies with accounting standards and uses double-entry …
Small Business Accounting Software Start for Free Read More »
As of September 30, 2023 (the date listed on the company’s 2023 annual report), the company had an accumulated deficit of $214 million. The company also reported an accumulated other comprehensive loss of $11.4 billion. These changes reflect the ongoing financial activities and decisions made by the business owner(s) or shareholders. Understanding these components helps …
Understanding Owners’ Equity: A Beginner’s Guide Read More »
A debt-to-equity ratio of 1.5 shows that the company uses slightly more debt than equity to stimulate growth. For every dollar in shareholders’ equity, the company owes $1.50 to creditors. Your company owes a total of $350,000 in bank loan repayments, investor payments, etc. It is also worth noting that, some industries or sectors like …
Make sure to include line items for cash paid to employees, suppliers, and interest. On the other hand, having too much cash or cash equivalents on hand can be a sign that you’re not taking full advantage of your liquid assets. To save money in the long run, you may want to use cash to …
If you’re using a fixed fee structure, explain what this entails. Be upfront about what’s included in your services and what would incur additional charges. This step is crucial because it sets realistic expectations and helps prospective clients understand the scope of your services. You’re offering peace of mind and confidence in their financial status, …
Guide to Pricing Accounting Services Fixed & Value Pricing Read More »
