Bookkeeping

A Simple Explanation of Internal Consistency

Leadership gurus always talk about developing self-discipline to succeed. Well, when you are committed towards a goal, you work consistently to achieve it. This teaches you self-discipline which is extremely important to succeed. Send us feedback about these examples. Since the wording of this question is so confusing and obscure, it’s possible that different customers

Unamortized Bond Premium: What it Means, How it Works, Example

The preferred method for amortizing the bond discount is the effective interest rate method or the effective interest method. Under the effective interest rate method the amount of interest expense in a given accounting period will correlate with the amount of a bond’s book value at the beginning of the accounting period. This means that

Wave Accounting Review: App Features, Pricing, Pros & Cons

I sent them proof of our business AGAIN and a nasty gram; they turned it back on claiming they were unable to verify our business before. If they couldn’t verify our business, why did they turn on Wave Payments the first time for a year?! Accounting transactions are very limited; gotta have workarounds to fix

FreshBooks vs Wave Accounting Comparison

If you’re a small business owner offering an in-person service or working with a bookkeeper or accountant, QuickBooks is a standard choice and may be worth the subscription fee. It meets a more diverse set of business needs, and has become standard among accountants, so your team won’t have a learning curve getting started. In

What is Yardi? Property Management Software Explained

This increases the time you’ll have available for your budget review, enhancing the overall quality of your budget and giving you additional opportunities to eliminate mistakes. Yardi Voyager is a web-based, fully integrated end-to-end platform with mobile access for larger portfolios to manage operations, execute leasing, run analytics, and provide innovative resident, tenant, and investor

What Is a Compensating Balance?

For example, it’s used to meet short term obligations such as operating expenses. Cash is also considered a nonearning asset, so management is constantly balancing the need to hold cash with the desire to put it to work. This is because even though you still need to pay interest on your compensating balance, it might

Bookkeeping Vancouver and CFO Services

We are also QuickBooks experts, specializing in set up, data conversions, and training. See how you can benefit with Jason Ding, CPA Inc. on your team. Get a quote on professional accounting and bookkeeping services for your small business. The two careers are similar, and accountants and bookkeepers often work side by side. We provide

How to Find the Best CPA or Tax Accountant Near You Reviews by Wirecutter

Practices have caught up with facts, and startups around the world thrive through business process outsourcing (BPO). For most startups, an outsourced relationship with an accounting company is the right solution. However, there could be instances in which an in-house professional makes sense. The companies who survive and thrive are usually the ones who find

The Expanded Accounting Equation Explained

Insurance, for example, is usually purchased for more than one month at a time (six months typically). The company does not use all six months of the insurance at once, it uses it one month at a time. As each month passes, the company will adjust its records to reflect the cost of one month