Bookkeeping

Accounting Conservatism: Definition, Advantages & Disadvantages

June 23, 2022

Accountants are required to record and expand the potential impact of uncertainty about incurring losses. In the same vein, accountants are advised to ignore any possibility of market reward until it occurs. When estimating allowance for doubtful accounts, casualty losses, or other unknown future events...

Ultimate Guide: Accounts Payable Outsourcing

June 21, 2022

in Bookkeeping

by socialsharks

By partnering with Genpact, organizations can focus on their core business activities while an experienced team effectively manages their AP processes. This can include invoice processing, payment execution, tax and regulatory compliance, and even strategic financial planning and analysis. Having a full suite of services...

Depreciation Questions & Answers

March 23, 2022

in Bookkeeping

by socialsharks

Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both...

Accounting Matters Federal Energy Regulatory Commission

December 1, 2021

in Bookkeeping

by socialsharks

Benefit from responsive service that tailors to your organization’s needs. Boost back-office efficiency, streamlining revenue or settlement distribution to operators and interest owners with financial systems. Transition between solutions effortlessly with smooth integrations within the Upstream On Demand Suite’s Production Operations. Information is considered material...

Accounting Services for small businesses Bookkeeping Outsourcing in Kiev Units Consulting Ltd Kyiv, Ukraine

September 24, 2021

in Bookkeeping

by socialsharks

We handle your bookkeeping, invoicing, and financial reporting, allowing you to focus on delivering exceptional services to your clients while maintaining a solid financial foundation. External accounting companies will have the most updated knowledge of security procedures and data protection standards. This knowledge is especially...

Accounts Receivable Factoring: How It Works, How Much It Costs

August 19, 2021

in Bookkeeping

by socialsharks

If customers pay early, the fee is lower, but if they pay late, the fees continue to accrue. Receivables financing (or accounts receivable finance) is a finance arrangement in which a company uses finance flowing in (such as from overdue invoices) to go into an asset...

Discounted Cash Flow DCF Explained With Formula and Examples

July 19, 2021

in Bookkeeping

by socialsharks

Whereas a lot of valuation methods use past performance to value a company, the DFC analysis measures it in terms of what it will yield in the years ahead by integrating the liquid assets it holds today. Following this logic, the business is considered to...

Bookkeeping for Startups: Managing Finances for New Ventures

June 17, 2021

in Bookkeeping

by socialsharks

But, low quality bookkeepers are trying to get the transactions into QuickBooks as quickly as possible to save time, and they don’t really care if they’re labeled or if they’re in the right categories. Smart VCs will check to see what the difference is between...

What is an Adjusted Trial Balance and How Do You Prepare One?

May 17, 2021

in Bookkeeping

by socialsharks

For example, if you have to pay rent on a commercial property, you may record a $2,000 credit in your cash account but a $2000 debit in your property assets account. You may balance your assets against your cash by inputting all transactions in this...

Capital Finance Lease vs Operating Lease Explained: Differences, Accounting, & More

March 5, 2021

in Bookkeeping

by socialsharks

As you learn more about your equipment leasing and financing options, you’ll want to understand some key structural differences between an operating lease and a capital lease. A capital lease is capitalized on the balance sheet by the present value of future lease payments. The...

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