שם המחבר: Husnain Bukhari

Instead, companies need to ensure they have processes and controls that enable them to identify and account for lease modifications completely and in a timely manner. Other normal balance Remeasurement EventsRemeasurement accounting also applies in instances where variable payments become fixed payments or when there is change in amounts probable of being owed under residual […]

First, find your customer with an open invoice in QuickBooks. Under the Action tab, click "Receive Payment." Notice that when you go to receive the payment, QuickBooks will automatically deposit this to undeposited funds, shown below. If you receive two payments, a check for $50 and another for $100, and deposit those checks, your bank

You’ll have a dedicated team solely for managing your financial statements. This gives you more time to focus on your vision and purpose, enabling you to fulfill your core duties better. What exactly are the kind of organizations that benefit from outsourced accounting? Companies outsource to achieve cost savings and focus on core business functions.

Stock is generally authorized on the Certificate of Incorporation (whereas stock is issued in the bylaws or sold on a public exchange). Whether your business is physically in Delaware or not, you don't pay any state taxes. In contrast, Company B, with fewer authorized shares but a greater number of them issued and a higher

When you provide accounting consulting services, you do more than make sure the numbers add up. As a CPA consultant, you analyze the numbers and trends and provide thoughtful, detailed insight to improve your client's business going forward. If you succeed in forging a path to your client's growth, you also create a solid footing to continue working with them long-term as a business

For instance, when you send a customer an invoice, it will record a journal entry to debit Accounts Receivable and credit Sales. The income summary is used to transfer the balances of temporary accounts to retained earnings, which is a permanent account on the balance sheet. Temporary accounts are accounts in the general ledger that