Bookkeeping

Sales refer to the total revenue earned from selling goods or services during the period. In the Trading Account, the total sales figure is usually recorded on the credit side.…

Its drawback as a peer comparison tool is that, because it accounts for all expenses, it may reflect one-time expenses or an asset sale that would increase profits for just…

It is the technique a company uses to track the decreasing value of aging assets. Another example involves a tech company purchasing office furniture for $10,000, expected to last ten…

For investors, they can offer a level of security and predictability that is often needed to commit funds to long-term projects. Meanwhile, governments use these incentives as tools to steer…

The fiscal year for the federal government in the United States begins on Oct 1 and ends on September 30, which is the last day. Many nonprofit organizations use a…

From local artisans selling crafts to restaurants providing traditional cuisine, the economic impact of tourism extends beyond ticket sales. Local communities benefit from job creation, as tourism-related industries hire workers…

We are business people that believe in expert advice, excellent products, outstanding customer service, and various options to solve the payroll/human resource/workers compensation needs of any kind of business. The…

You are encouraged to consult with competent Attorney, CPA, EA or CFP based on your specific requirements & personal circumstances. Confirm that any potential accountant is in good standing with…

A CPA can offer expert guidance on compliance and accurate financial reporting, streamlining the transition process. For more in-depth information, read our guide to SaaS revenue recognition under ASC 606.…

We cover the same with various types of indirect tax examples below. While common in many countries, the United States does not have a national Value-Added Tax (VAT). A VAT…