Bookkeeping

Its use in organizing business transactions and meeting regulatory requirements makes it a field that requires extensive knowledge and study. As such, accountants make strong salaries and work in a variety of industries. The Securities and Exchange Commission has an entire financial reporting manual outlining the reporting requirements of public companies. Jobs Similar to Accounting […]

Usually the most liquid of all assets.The quickest of quick assets, the most current of current assets. Cash and cash equivalents is a useful number that can help investors understand whether a company is liquid enough to cope with larger or unexpected short-term cash needs. Cash and cash equivalents is a useful measure for investors

We’ll explore the differences between FIFO and LIFO inventory valuation methods and their relationship to inventory valuation, inflation, reporting, and taxes. We’ll also examine their advantages and disadvantages to help you find the best fit for your small business. LIFO, or Last In, First Out, is a common accounting method businesses can use to assign

The two main sets of accounting standards followed by businesses are GAAP and IFRS. Accounting standards are critical to ensuring a company’s financial information and statements are accurate and can be compared to the data reported by other organizations. Unlike IFRS, transactions of an unusual nature are defined as possessing a high degree of abnormality

If you choose to file an amended tax return, be sure to include it with your CP2000 response form. The IRS website recommends writing “CP2000” at the top of your return and attaching it behind your completed response. You’ll need to sign the included response form if you find the IRS is correct and your

But starting with a plain vanilla accounting system and adding expensive customizations and inefficient workarounds never attain the perfect “flavor” of accounting needed for a restaurant business. While it’s possible to run a profitable restaurant business using these outdated methods, it’s certainly not efficient. Still other reports allow you to compare what you spent on