Category: Bookkeeping

Amortization of acquisition-related intangible assets consists of amortization of intangible assets such as developed technology, brands, and customer relationships acquired in connection with business combinations. Charges related to the amortization of these intangibles are recorded within both cost of sales and MG&A in our US GAAP financial statements. Amortization charges are recorded over the estimated… Continue reading What is Average accounts receivable

The money is usually kept in a deposit account, such as a checking or savings account, a certificate of deposit (CD), or another type of holding account. The financial accounting term restricted cash and compensating balances refers to monies that are reserved and not generally available to the company. Restricted cash can include minimum balances… Continue reading 6 5 Cash, cash equivalents, and restricted cash

Content Key Service Provided Business Accounting & Bookkeeping Services Your Annual Reminder to File Worker 1099s How and when will I receive my financial information from fund accounting? How will fund accounting process cash receipts? Will my fund accounting team sign my tax returns as preparer? Bookkeeping Services Related cost information C) Submission the tax… Continue reading Small Business Accountant Phoenix & Scottsdale AZ

Content Bonus depreciation rules, recovery periods for real property and section 179 expensing What Are the Effects of Bonus Depreciation? Key Points about Bonus Depreciation Our services Sale or Disposition of Assets Frequently asked questions about bonus depreciation That $1,000 write-off is nice, but it might not be enough of an incentive to encourage you… Continue reading The Phase-Out of Bonus Depreciation and Its Effect on Your Business PKF O’Connor Davies

In 2006, she obtained her MS in Accounting and Taxation and was diagnosed with Hodgkin’s Lymphoma two months later. Instead of focusing on the fear and anger, she started her accounting and consulting firm. In the last 10 years, she has worked with clients all over the country and now sees her diagnosis as an… Continue reading 6 4: Comparing Absorption and Variable Costing Business LibreTexts

Content Punch Financial Impress investors The Right Chart of Accounts What financial records should a startup keep? Step 6: Outsource your bookkeeping and accounting to a reliable provider Automate bookkeeping tasks The accrual method is more complex than the cash basis method, but it provides a more accurate long-term financial picture of your business. For… Continue reading Accounting for Startups: The Ultimate Guide

For enhanced safety and security, your login credentials are never stored on Stessa’s servers. Instead, Yodlee and Plaid make the secure connection on your behalf and then deliver ongoing data feeds for as long as your credentials remain valid. It starts with generating payment files (for instance ISO XML files for SEPA payments). Companies frequently… Continue reading Bank Connections

Indirect costs are those costs that cannot be directly traced to a specific product or service. These costs are also known as overhead expenses and include things like utilities, rent, and insurance. Indirect costs are typically allocated to products or services based on some measure of activity, such as the number of units produced or… Continue reading What is the Income Statement Under Absorption Costing? Guidance

Content Long-Term Assets How to analyze a common size balance sheet? Create a balance sheet format Balance sheet FAQ What is a pro forma balance sheet? How to Make a Balance Sheet? Download a balance sheet template. It helps businesses to connect to their customers from all over the world. One of its products is… Continue reading Free Downloadable Balance Sheet Template

When automation is implemented, it can create thousands of entries in seconds, and machine learning algorithms can systematically identify anomalies in datasets and correct them. With these technologies, powered by AI and machine learning, businesses will be in a place where they don’t need to fiddle with expenses and revenues through manual data entry. In… Continue reading 6 Steps to Automate Your Accounting Process