/Bookkeeping

The Evolution of Accounting Software From Abacus to AI

In simple words, Green Accounting is a kind of accounting that tries to take into consideration the environmental costs in the calculation of [...]

By | January 22nd, 2024|Bookkeeping|Comments Off on The Evolution of Accounting Software From Abacus to AI

Why Is Reconciliation Important in Accounting?

It is something that may be done in a variety of accounts, from inventory records to bank accounts. Find and add cash deposits [...]

By | October 17th, 2023|Bookkeeping|Comments Off on Why Is Reconciliation Important in Accounting?

5 Tips for Effective Small-Business Bookkeeping

Primarily, you need to have an accurate picture of all the financial ins and outs of your business. From the cash you have [...]

By | April 12th, 2023|Bookkeeping|Comments Off on 5 Tips for Effective Small-Business Bookkeeping

Current Assets

Accounts receivable are the money customers owe the seller or business. Since most customer payments are converted to cash within a year, it's [...]

By | March 6th, 2023|Bookkeeping|Comments Off on Current Assets

What is a defined contribution pension plan?

Pension plans often tie retirement benefits to an employee's salary and tenure with the company. Deferred pensions are deferred compensation, meaning participants forego [...]

By | February 3rd, 2023|Bookkeeping|Comments Off on What is a defined contribution pension plan?

Big 4 Accounting Firms History, Culture, Jobs, & More!

The Big 4 firms are experimenting with streamlining job duties for audit and better use of technology to become more efficient. This transition [...]

By | January 18th, 2023|Bookkeeping|Comments Off on Big 4 Accounting Firms History, Culture, Jobs, & More!

Retained Earnings Explained Definition, Formula, & Examples

Instead, they use retained earnings to invest more in their business growth. RE impact shareholders by influencing the company’s overall financial health and [...]

By | October 14th, 2022|Bookkeeping|Comments Off on Retained Earnings Explained Definition, Formula, & Examples

The Companies Cutting Jobs in 2024: Heres the List

Employing offshore CPA firms will provide you with Licensed CPAs to ensure compliance is followed. Want to learn more about bookkeeping before outsourced [...]

By | September 28th, 2022|Bookkeeping|Comments Off on The Companies Cutting Jobs in 2024: Heres the List

Law Firm Accounting: The Ultimate Guide

It can streamline and automate processes, reducing the amount of time spent on bookkeeping and allowing law firms to focus on more pressing [...]

By | July 18th, 2022|Bookkeeping|Comments Off on Law Firm Accounting: The Ultimate Guide

Reporting Requirements of Contingent Liabilities and GAAP Compliance

Contingent liabilities must pass two thresholds before they can be reported in financial statements. If the value can be estimated, the liability must [...]

By | June 10th, 2022|Bookkeeping|Comments Off on Reporting Requirements of Contingent Liabilities and GAAP Compliance
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