Bookkeeping

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 »

Together with group health insurance, a POP reduces taxable income and results in a reduction in the amount used to determine your company’s FICA and FUTA payroll taxes and any applicable state taxes. An FSA allows employees to pay for qualified out-of-pocket medical expenses on a pre-tax basis. If the FSA is the only benefit …

Solved: Can I deduct the money listed on my W2 as less other cafe 125? Read More »

From this analysis, the board, working with a management company, can determine the budgetary dollar-amount required to be set aside each year. An HOA reserve study is an in-depth analysis of the physical condition of your associations’ capital components. It serves as an appraisal of the financial health of the HOA’s reserve funds. Get a …

The Best HOA Accounting Methods HOA Bookkeeping Tips Read More »