Transposition errors can occur when you’re writing down two numbers or a sequence of numbers (e.g., 2553 vs. 5253). As such, the account was under-debited by $90, while the sales account was under-credited by the same amount. Charles Hall is a practicing CPA and Certified Fraud Examiner. He frequently speaks…

The number is used to calculate many common financial metrics, such as earnings per share (EPS) and market capitalization. Outstanding shares represent a company's shares that are held by investors, whether they're individual, institutional, or insiders. Investors can find the total number of outstanding shares a company has on its…

The company now has 5,000 authorized shares, 2,000 issued, 500 in treasury stock, and 1,500 outstanding. The outstanding stock is equal to the issued stock minus the treasury stock. Helpful Fool Company's board has elected to issue just 2,000 shares at this time. Ask Any Financial Question The balance sheet…

When it’s time to tackle your bookkeeping tasks, Taxfyle is your partner in achieving the best bookkeeping practices, ensuring your plumbing business operates smoothly and efficiently. This article will explain accounting for plumbing businesses to help yours grow and thrive. At FreshBooks, we’re obsessed with giving small business owners exactly what…

Cloud-based software options also allow you to manage your finances from anywhere. Xero, a globally recognised cloud-based accounting software, is ideal for small to mid-sized plumbing businesses. Its user-friendly interface simplifies invoicing and expense tracking and integrates seamlessly with job management software like Tradify. This makes it a top choice…