by Admin Samir | Jun 20, 2023 | Bookkeeping
ContentWhat is a Traditional Employee?How are independent contractors different from employees?Contingent Worker ContractsManaging your workers with Square PayrollAPS Expands Vendor Marketplace With Solutions for Growing BusinessesWhat Tax Form Do W2 Employees Use? If...
by Admin Samir | Jun 20, 2022 | Bookkeeping
Cash accounting is an accounting method where payment receipts are recorded during the period in which they are received, and expenses are recorded in the period in which they are actually paid. In other words, revenues and expenses are recorded when cash is received...
by Admin Samir | Nov 11, 2021 | Bookkeeping
ContentWhat is a fractional CFO?Steps for Fraud Prevention: How Entrepreneurs Can Combat Bookkeeper Fraud, Financial Schemes, and Cyber ScamsIs Your Business Ready For A Fractional CFO?OUR LATEST FINANCE & ACCOUNTING INSIGHTS, IDEAS AND PERSPECTIVESWhat does a...
by Admin Samir | Oct 13, 2021 | Bookkeeping
When compared to nearshoring and offshore, onshore outsourcing ensures fewer cultural barriers and ease of communication; yet, it often results in high expenses and a limited pool of talent. By asking all these questions, you can ascertain to find the best IT...
by Admin Samir | Aug 10, 2021 | Bookkeeping
Companies incur or report expenses in their income statement but are not legally due. So, the business must acknowledge the expense as the profit it receives. These obligations are the result of the accrual method of accounting. According to this method, charges are...
by Admin Samir | Aug 4, 2021 | Bookkeeping
In Figure 5.10, we see net income in the current year of $35,000, which was added to the company’s prior year retained earnings balance of $15,000. Notice, however, that the prior year balance was $15,000, and the current year balance is only $20,000. We know that the...
