What Is Net Income? Understanding Your Bottom Line

Now that we know the gross income for Watts Thrift Shop, the next step is to add up its other expenses to complete the other part of the equation for the quarter. Like EBITDA, companies don’t need to show EBIT on their financial statements. The U.S. GAAP, SEC, and IRS don’t require companies to show […]

Sign up for ProAdvisor and QuickBooks certification courses

Intuit reserves the right to limit the number of sessions and the length and scope of each session. Terms and conditions, features, support, pricing, and service options subject to change without notice. QuickBooks Online certification training and exams are free to accounting pros. The ProAdvisor program is for accounting, tax, bookkeeping, and consulting professionals who […]

Basics of Franchise Accounting: Understand Franchise Fees

Look for franchises with a proven track record of success and a large client base. You can also check the franchise’s financial statements to evaluate their profitability. Bookkeeping franchises offer a wide range of services to their clients, which can include bookkeeping, accounting, payroll, tax planning, and more. These franchises are designed to provide comprehensive […]