Content Historical Cost Concept Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials Statement of Owner’s Equity Financial Accounting Reporting A Manager’s Guide to Finance & Accounting Why Is Financial Accounting Important? Balance Sheet Financial Accounting Principles Accounting information can be developed for any kind of organization, not just for privately…

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Content How do you calculate owner’s equity? What are Retained Earnings? What Affects Retained Earnings Which Transactions Affect Retained Earnings? How do businesses use retained earnings and how can accountants help? Dividing current assets by current liabilities provides a ratio indicating the amount of cash available per dollar of current liabilities. For example, a current…

Content Related Differences Differences Difference Between Budget vs Forecast More on Cash Management Budgeting: explained Budgeting vs. forecasting difference In short, a business always needs a forecast to reveal its current direction, while the use of a budget is not always necessary. Creating a budget forecast is fairly straightforward once a budget is in place. This…

Content Cost Accounting Investment Tax Credit Going Public Ensure the company is on Google My Business Time Value If your law firm’s ad features here, you can generate a large amount of local search traffic. Considering many law firms rely heavily on local business, the opportunity to attract more of it should be a no-brainer….

Content How the right financial systems can reduce the cost of bookkeeping How much to charge for bookkeeping QuickBooks Live BONUS: 32 Other Free Templates for Bookkeeping Firms Lalea & Black, Los Angeles Certified Public Accounting Firm Bookkeepers Let’s look into three different options your company could consider to fill this need… Part time bookkeepers…

Content What can I do with a diploma in bookkeeping/accounting? LawPay Included, No Fixed Monthly Fees Process All Finances Warning Signs That Your Small Business Needs Outsourced Accounting Bookkeeping & Payroll Accounting Online Diploma Program How Can Small Businesses Use Instagram As A Marketing Tool Accounting software Become an Expert Bookkeeper Bookkeeping is the process…

Accounting regulations and standards are followed to ensure the uniformity of an organization’s financial statements. These procedures include documenting financial records, calculating revenue, estimating fixed-asset valuations and complying with tax laws. Generally Accepted Accounting Procedures (GAAP) form the standard used by the United States Securities and Exchange Commission (SEC). The term fixed, however, does not…

Top accounts payable outsourcing companies provide their clients with highly-skilled professionals and technology. If you run an accounting firm, you know the importance of having a streamlined accounting process. As a result, manual data entry has become the norm — and it’s time-consuming. As with many things, the advantages of outsourcing accounts payable come with…