Substance Over Form Principle in Financial Practices

da | Mar 25, 2024

In this instance, the company itself will be called the ‘lessee’ and the other party leasing its building to them as the ‘lessor’. This is because although the building is legally owned by the lessor, the estate agency controls the building and derives maximum...

Undeposited Funds in QuickBooks: How to Clear Them

da | Nov 14, 2023

Once verified, the payments should be deposited into the appropriate bank account, and the transactions should be reconciled to reflect the accurate financial status. Getting rid of undeposited funds in QuickBooks involves a meticulous process of clearing and...

Comparing Retail and Cost Accounting Methods

da | Set 29, 2023

Keep track of your stock, purchases and sales with our handy inventory spreadsheet. While retail accounting isn’t a separate discipline of accounting, the difference is that there’s a greater focus on inventory, which we’ll explain in this guide. Synder bookkeeping...

Internal Rate of Return IRR: Formula and Examples

da | Mar 21, 2023

At Finance Strategists, we partner with financial experts to ensure the accuracy of our financial content. For information pertaining to the registration status of 11 Financial, please contact the state securities regulators for those states in which 11 Financial...

Best Invoicing App For Small Businesses Wave Financial

da | Ago 17, 2022

Transactions will appear in your bookkeeping automatically, and you’ll say goodbye to manual receipt entry. You can mark invoices paid on the spot, so your records are instantly up to date. Accept payments through credit cards and bank payments to get paid even...

SAM: On-demand tax prep and advisory services for CPA firms

da | Feb 9, 2022

Aside from consent, cost is the only notable difference between offshore and onshore income tax outsourcing services. Many firms make the mistake of overestimating client resistance to 7216 consent and pay extra for their assumption. For most practices, there is no...