What’s the Difference Between Gross Income vs Net Income?
When you have a major change in your life, such as having a baby or becoming the head of a household, you should complete a new W-4 form. Doing so ensures the right amount of taxes are being deducted from your paycheck. Adding a new dependent could reduce the amount of taxes you pay, therefore […]
Contribution Margin Ratio Formula, Calculation, and Example
These core financial ratios include accounts receivable turnover ratio, debts to assets ratio, gross margin ratio, etc. Profits will equal the number of units sold in excess of 3,000 units multiplied by the unit contribution margin. If the company realizes a level of activity of more than 3,000 units, a profit will result; if less, […]
Accounting automation 2024: key benefits, technologies, and how to get started
Jetpack Workflow provides a straightforward solution for small accounting firms by offering basic workflow automation, task tracking, and a dashboard for clear visibility. It is designed to help small teams stay organized without the complexity of enterprise-level software. Jetpack Workflow focuses on simplicity and ensures that firms can standardize their processes, track progress, and meet […]
