Bookkeeping

How to Calculate Sales Margin

This can be useful when you know the industry standard margin and want to set your prices accordingly. Whether you’ve been in business for years or you’re setting your first pricing strategy, you need to know how to calculate profit margin. Operating profit margin can often be a preferred metric over net profit margin when analysing the performance of a company. This isbecause each company has a very different capital [...] [...]

What Is an Outsourced CFO and Why Would You Need One?

It should be noted that not every vCFO service offers bookkeeping and/or controller services. A business looking for transaction entry, AR, AP, Payroll, or any other similar offerings, should work with Decimal to handle the operations and lean on an outside CFO partner for strategic interpretations. As a company grows, its needs grow as well, though not all of a company’s needs scale at the same rate. Certain startups can [...] [...]

The Complete Guide to Ecommerce Accounting

Record all financial transactions accurately, including income, expenses, purchases, and sales. Effective financial management in ecommerce businesses help to maintain profitability and support growth. It entails meticulous attention to revenue, expenses, and the strategic use of financial data to make informed decisions. Even with its great significance, business owners frequently overlook the need to give their eCommerce accounting further thought. A proper integration with your ecommerce platform is crucial for [...] [...]

What does FICA mean? Tax rate and your paycheck, explained

The remainder then goes to the federal government’s Medicare trust, which covers medical expenses for individuals aged 65 and older or those who qualify for disability benefits. As of 2024, the Social Security tax rate is 6.2% for both employees and employers, up to a wage base limit of $168,600 ($176,100 in 2025). This means that once an employee’s wages reach this limit, no additional Social Security taxes are withheld [...] [...]

Wire transfer vs electronic payment: what’s the difference?

EFTs, such as direct deposits and online banking transfers, are convenient for everyday transactions within the same country or region. They often have lower fees and can be processed quickly, making them suitable for regular payments like salaries or bills. To initiate a wire transfer, the sender provides the bank with the recipient’s bank account details, including the account number and routing information. EFTs such as bank transfers are generally [...] [...]

What should I do with physical share certificates?

No more searching through piles of paperwork or worrying about misplacing important documents. It is typically used when an investor wants to sell or transfer their shares of a company to another party. The stock power must be signed and notarized how to convert paper stock certificates to electronic by the current owner of the shares, and it must be submitted along with the physical stock certificates to complete the [...] [...]

What should I do with physical share certificates?

No more searching through piles of paperwork or worrying about misplacing important documents. It is typically used when an investor wants to sell or transfer their shares of a company to another party. The stock power must be signed and notarized how to convert paper stock certificates to electronic by the current owner of the shares, and it must be submitted along with the physical stock certificates to complete the [...] [...]