Bookkeeping

It involves tracking the financial performance of a portfolio of properties, managing investor contributions and distributions, and ensuring compliance with regulatory requirements. Fund accounting focuses on providing detailed financial information accounting for real estate transactions to investors and stakeholders. Modern accounting tools offer features that streamline real estate accounting. This involves implementing real-time data syncing, using [...]

The revenue generated in advance can be useful for the cash flow requirements of the seller. However, it creates an obligation to deliver timely services or goods to the buyer. Unearned revenue is common for sellers with services and subscription models. It comes with the added advantage of receiving cash before delivering goods or services. 08 [...]

If the company suffers a net loss, there may not be enough revenue to cover both cash expenses and CPLTD. Of course, any company that consistently loses money will have a hard time repaying its long-term debt. A policy that requires some minimum DSCR would preclude long-term loans to companies that cannot at least break even. [...]

Inventory count determines both inventory shortages and the amount of inventory on hand at any time. In accounting, a business must establish the cost basis of this inventory. Cost accounting is a more conservative inventory valuation method that values inventory based on its cost. Get Weekly 5-Minute Business Advice Your inventory value would then be $180 [...]

Among these, restricted funds play a crucial role in ensuring that specific donor intentions are honored and resources are allocated appropriately. There are times when funds are received in one year and carry over to the next fiscal year before they are spent; it is important to note that deferred revenue should not be recorded in [...]

Sum of the years’ digits depreciation is another accelerated depreciation method. It doesn’t depreciate an asset quite as quickly as double declining balance depreciation, but it does it quicker than straight-line depreciation. Businesses also use depreciation for tax purposes—namely, to reduce their total taxable income and, thus, reduce their tax liability. Under U.S. tax law, a [...]

Stocks are sold on stock exchanges, such as the Nasdaq or the New York Stock Exchange. They offer the greatest potential for growth, but they also come with significant risk. Stock prices can drop significantly in a short time, so it’s possible to lose money investing in stocks. Northwestern Mutual is the marketing name for The [...]

In the realm of invoice factoring, a business transfers its unpaid invoices to a financier. This lender usually fronts the company between 70% and 85% of the total value of these invoices. While invoice financing is one way to avoid cash flow issues, trade credit insurance remains the most reliable way to deal with trade credit [...]

Ensure that each payment is correctly linked to a deposit in the Undeposited Funds account. In case of any discrepancies, double-check the payment and deposit entries to is accounts payable a credit or debit ensure accuracy. This process involves reconciling the undeposited funds account regularly, which can prevent discrepancies in the financial reports. Unattended undeposited funds [...]

Explore opportunities for co-marketing, joint webinars, or referral programs. By partnering with these entities, you can leverage their customer base and tap into a pool of individuals actively seeking financial solutions. Platforms like TikTok and Instagram Reels offer a playground of creative opportunities to showcase your accounting firm’s personality. Imagine the impact of your accounting firm’s [...]