Bookkeeping

While finance focuses on forward-looking projections, accounting relies on historical data—pro forma financial statements help bridge the gap between the two. Accounting software with advanced accounting capabilities, like QuickBooks, can help here. While they all fall into the same categories—income…
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This can lead to a loss of business and a decline in the value of the investment firm. The impact of window dressing on investors and shareholders can be positive and negative. On the positive side, it can create a…
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This activity base is often direct labor hours, direct labor costs, or machine hours. Once a company determines the overhead rate, it determines the overhead rate per unit and adds the overhead per unit cost to the direct material and…
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When reconciling bank statements, voided checks must be accounted for. Instead, a void cheque is a physical check with the word “void” written across the face. That said, a void cheque is often requested when registering a new direct deposit…
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On account is saying that the supplies will be paid for later and that is why we increase accounts payable with a liability. While you are in a course like accounting basics, T accounts are a fantastic way to grasp…
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We understand the challenges of managing finances while trying to grow your business. Our team brings years of experience in virtual CFO and CPA services specifically for your industry, helping numerous clients overcome financial obstacles and achieve sustainable growth. Automation…
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Ana is the CEO of a large conglomerate that has various business lines in the insurance and energy industries. Her company wants to build a new energy plant that will need to be funded in the next year. A majority…
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To maximize earning potential and secure long-term job stability, it’s worth pursuing a career as an accountant. You choose a career path based on several different factors including salary, number of job opportunities, and job stability. After all, you don’t…
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From there, each of your assets (subcategories) will have a number in the thousands. Using a personal account for your property incomings and outgoings is a surefire way to get things muddled up when it comes to reconciliation. Security deposit…
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DOF’s new regulations will be substantially similar to the state’s, with several notable differences. Non-Resident Employees of the City of New York – Form 1127 Most New York City employees living outside of the five boroughs (hired on or after…
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