by webf | Dec 12, 2024 | Bookkeeping
The month-end close process allows you to evaluate your current financial position and verify that all transactions have been recorded. Moreover, it gives you the opportunity to make any necessary adjustments. Cash accounting is easy to learn and minimal training is...
by webf | Aug 20, 2024 | Bookkeeping
Failure to pay property taxes could lead to a fine, a lien being placed on your home or even foreclosure. If their analysis shows they’ve collected too little, you’ll need to cover the difference. You may be given options to make a one-time payment or increase the...
by webf | Mar 22, 2024 | Bookkeeping
If your small business has less than five employees, you can use the free version of NCH for your accounting software. The free version lacks some of the bigger features suitable for larger enterprises, but still has much to offer. Examples of financial statements you...
by webf | Feb 12, 2024 | Bookkeeping
CPAs may also be required to maintain active membership in the Association of International Certified Professional Accountants (AICPA) or similar professional organizations to qualify for renewal. While the CPA Exam is the same for all candidates, other requirements...
by webf | Jan 30, 2024 | Bookkeeping
Write-offs affect both balance sheet and income statement accounts on your financial statement, so it’s important to be accurate when handling bad debt write-offs. While the direct write-off method is the easiest way to eliminate bad debt, it should be used...
by webf | Dec 5, 2022 | Bookkeeping
He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University. As an example of how to...
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