The slightly lower pay is worth it in many ways since EAs have much more flexibility than a CPA. They can set their own hours and work independently for individuals or business all over the United States. CPAs tend to work in a traditional work setti... Read more
In the end, streamlining your project depends on how you manage and track finances, and adapt to what they reveal. This is why maintaining current financial reports ensures that decisions are based on the most relevant information.In a few minutes, w... Read more
And if we give the wrong advice, not only does it make us look bad, it exposes the client to financial liabilities like incorrectly filed taxes. That's why we rely on Finicity to do the heavy lifting on the data access and insights side.Bookkeepers a... Read more
A statement of stockholders' equity is another name for the statement of shareholder equity. This section of the balance sheet is also known as a statement of shareholders' equity or a statement of owner's equity. It gives shareholders, investors or... Read more
This message is not a proposal to sell or the solicitation of interest in any security, which can only be made through official documents such as a private placement memorandum or a prospectus. Let’s understand the example of loan amortization with a... Read more
OverviewThe goal of most businesses is to make a profit. However, it often happens so that the company has great sales and the sales figure is impressive, but when you look down the Income Statement, you realize that most of this money earned went to... Read more
The process involves a series of steps which begins when a transaction happens in a Business and ends with reports called Financial Statements. This not only frees up leadership to focus on growing their brands, teams, and products, but it also gives... Read more
Once you approve of the categories, transactions automatically settle in your financial statements. Before we jump into establishing a bookkeeping system, it’s helpful to understand exactly what bookkeeping is and how it differs from accounting. Book... Read more
When selling online, you first need to determine if you are required to collect sales tax from buyers in your buyer’s state. Next, you need to determine the sales tax rate at the buyer’s location.How much taxes do I pay on $200000?If you make $200,00... Read more
OverviewThe going concern principle plays one of the key roles in accounting and auditing. The term assumption is closely related to this concept. Its idea is that when forming the accounting and reporting methodology, we do not take into account the... Read more
