Bookkeeping

That’s why your hotel budget is one of the most important documents you’ll create annually. It serves as your blueprint for managing your property’s financial resources and guides decision-making throughout the year for the strongest profitability and efficiency possible. Effective budgeting requires analyzing both internal factors, such as a hotel’s operational efficiency and past performance, […]

Indeed, the specter of imprisonment looms large for those who dare to deceive the taxman. Use Beem’s tools to plan your finances and stay ahead of tax season. Estimate your tax liability quickly and easily with Beem’s free tax calculator. So, taxpayers may be tempted to fiddle the numbers or cook the books – never

For example, if a company makes $50,000 in revenue during an accounting period and has $30,000 in expenses, their net income is $20,000. It is a basic calculation showing the difference between its earnings and expenses, which can include labor, marketing, depreciation, interest, taxes, operational expenses, and the cost of making products. Net income (NI)

In the case of an investor, they would benefit from compounding rather than simple interest, because simple interest calculates interest only on the principal amount. For example, continuous compounding meaning an investor wants to earn the most interest possible, as it brings more of a return to their initial investment amount. This is the constant

Short-term contracts are based on either the cash or accrual accounting method, but for certain long-term contracts, there are additional choices provided by IRC §460. Commercial contractors manage large and complicated budgets that can have slow payment rates and volatile costs. They also have to accurately allocate job costs based on specific factors such as…

According to the Substance Abuse and Mental Health Services Administration’s research, there is a correlation between geographies lacking adequate access to mental health treatment resources and urban neighborhoods with a high level of racialized economic segregation and inadequate mental health resources.33 Without accurate data, identifying and addressing health inequities accurately becomes difficult, hindering progress toward

We’ve seen startups save thousands in their first profitable year simply by selecting the right entity structure from the beginning. A variety of expenditures can be involved in establishing a business; obtaining equipment or stock, market research, and even staff training can qualify as start-up costs. Startup costs for a new business are categorized as