Grasping this equation not only provides insight into a company’s financial health but also enables accounting professionals and business owners alike to make informed decisions. The accounting equation is the…
While consulting at Enron, Arthur Andersen CPAs did not maintain independence and performed both consulting services and auditing services, which violates the CPA code of ethics. The AICPA requires that…
Revenue realization plays a critical role in accurate revenue and profit reporting. If sales bookings are reported as revenue, you run the risk of overreporting revenue and making business decisions…
The cost of capital is expressed as a percentage and it is often used to compute the net present value of the cash flows in a proposed investment. It is…
Recapture can be common in real estate transactions where a property that has been depreciated for tax purposes, such as an apartment building, has gained in value over time. You…
At the most basic level, when a company draws up a budget, it is a way to plan for the future, avoid overspending, and measure its strategies. Whether your clients…
One of the policies you’ll want to design is how your business manages paid time off, overtime and other types of non-mandatory leave. Your handbook will be unique to your…
The right tool will save you time and money, reduce accounting-related risks, and help you monitor the business’s financial health. We are experts in creating financial reports that provide an…
For example, if you have an entry for an invoice of $1,000 and a recent $1,000 deposit in your bank account, it what is not sufficient funds might suggest matching…
Simple solutions have starting prices range from $30 one-time to an on-going subscription cost of $50/month. Countingup is the business current account with built-in accounting software that allows you to…