Bookkeeping

However, a virtual bookkeeper or virtual accountant can sometimes refer to accountants or CPAs who work out of their homes and contract out their services individually. In contrast, outsourced bookkeeping and accounting nearly always refers to accountants with an accounting firm who handle your books from their own office. Virtual and outsourced bookkeeping and accounting services …

How to Succeed With Your Virtual Accounting or Bookkeeping Practice Read More »

In writing, subjectivity refers to the expression of a writer’s personal opinions, feelings, beliefs, and perspectives. To overcome these challenges, it is essential to be aware of our own biases and actively seek different perspectives. Engaging in critical thinking and fact-checking can help mitigate the influence of emotional involvement and media bias, allowing for a …

TOP 30 Examples of Objectivity Across Different Fields Read More »

The investor wants to know how well Sally uses her assets to produce sales, so he asks for her financial statements. Net sales, found on the income statement, are used to calculate this ratio returns and refunds must be backed out of total sales to measure the truly measure the firm’s assets’ ability to generate …

Assets Turnover Ratio Formula, How to Calculate, Definition & Example Read More »

Another factor to consider is that both LLCs and corporations have tax flexibility which means you can choose how the business is taxed. For example, you can ask to have your LLC taxed as an S Corp, which could lower self-employment taxes. In this article, we’ll explain what a business entity is, the different types …

Business Entity Definition Types Read More »

Support is limited, so users are left reading help articles rather than getting a live person to help. Intuit’s fraud prevention technology constantly scans the company’s systems and blocks individuals who are up to no good. Employees proactively search for scams and frauds that might impact customers. Multi-factor authentication is a requirement, and the company …

Best Accounting Software for Small Businesses Read More »

Their investigations help uncover illegal activities, support legal proceedings, and contribute to fraud prevention efforts. Forensic accounting, often described as the intersection of accounting, auditing, and investigation, is a specialised area of accounting that investigates financial discrepancies and fraud. The term “forensic” in “forensic accounting” indicates its relation to the discovery of evidence suitable for …

What is a Forensic Accountant? Forensic CPA Society Read More »

Collaborate easily with others across the business and outside the business, including technical advisers and bankers who may be funding a project. With complete visibility into the plan, you can accurately model and understand how your assumptions impact financial viability. Capital project expense, asset category, and useful life will help you determine the net impact …

AI in CapEx: Your Guide to Transforming Capital Planning Read More »

Both of them, when taken together, multiply and magnify the effect of change in sales level on the EPS. Where earnings are either equal to fixed financial charge or unfavorable, debt financing should not be encouraged. If the financial leverage is positive, the finance manager can try to increase the debt to enhance benefits to …

Operating Leverage DOL Formula + Calculator Read More »

Diligent tracking ensures that cost allocation is precise and reflected in job cost reports. In general, a construction business with gross receipts (also known as Business Tax Receipts) over $10 million must use the percentage of completion revenue recognition method for tax purposes. A construction business with gross receipts under $10 million can use the …

Bookkeeping Essentials For Construction Companies Read More »

Construction project accounting involves tracking costs, revenues, and budgets on a project-by-project basis. We have over 24 years of experience in delivering accounting services for construction companies worldwide. Our services encompass various critical functions, including project accounting, financial reporting, and compliance management. Proper tax planning is a vital component of construction accounting, and construction bookkeeping …

Bookkeeping & Accountant for General Contractors & Builders Read More »