Bookkeeping

Be aware of scammers, who can become more active during tax season. They will attempt to mislead people about tax refunds, credits and payments. They pressure people for personal, financial, [...]

Specifically, this metric can be used to evaluate https://www.bookstime.com/articles/brewery-accounting the likelihood of receiving a payment should the company have to liquidate. The [...]

The payment of the insurance expense is similar to money in the bank—as that money is used up, it is withdrawn from the account in each month or accounting period. Under the [...]

A “prepaid asset” is the result of a prepaid Accounts Payable Management expense being recorded on the balance sheet. Prepaid expenses result from one party paying in advance for a service yet to [...]

A nonprofit’s statement of financial position can tell you how well the organization is performing financially at a given moment in time. Generally, a healthy nonprofit will have assets that are [...]

This involves recording revenue and expenses from both the current and previous periods to show how the organization’s net assets have changed. By using gross receipts to record revenue and [...]

The future of any construction Accounts Payable Management company depends on how it keeps track of its spending. In fact, accurate bookkeeping helps the business make long-term predictions. As [...]

Mixing personal and business finances can lead to tax complications and inaccurate financial reporting. Construction accounting may feel daunting, but you can rely on industry professionals to [...]

Financial statements should be audited by a quality third-party accounting firm, and financial reporting needs to occur on an ongoing basis for board members (as well as donors and other [...]

To stay compliant, keep a calendar of all important deadlines, including filing dates for forms like the IRS Form 990. Partnering with an accountant or a firm experienced in non-profit [...]