Categoria: Bookkeeping

Like any mathematical equation, the accounting equation can be rearranged and expressed in terms of liabilities or owner’s equity instead of assets. Although the balance sheet always balances out, the accounting equation can’t tell investors how well a company is performing. If a business buys raw materials and pays in cash, it will result in…

Get comprehensive protection of sensitive information through property-level and folder-level security for documents. You implemented Yardi software to ease your daily tasks and help your business grow. Our Client Success team is there for you to make sure you have a streamlined and positive experience post-implementation. So far, I was able to confirm the provider…

We recommend reconciling your current, savings, and credit card accounts every month. Check out our complete reconciliation guide to understand the full workflow. In the realm of financial management, reconciling accounts stands as a fundamental task. It ensures the harmony between your recorded transactions and the reality reflected in your bank statements. Make sure you have the right dates and transactions.…

AI-powered voice search is another latest technology that’s fast gaining ground in the country’s IT outsourcing sector. To counter this congestion, the Indian government is offering several programs to encourage outsourcing companies to set up operations in emerging cities like Nasik, Chandigarh, and Ahmedabad. The major IT hubs in India like Bangalore, Pune, Delhi, and…

AI-powered voice search is another latest technology that’s fast gaining ground in the country’s IT outsourcing sector. To counter this congestion, the Indian government is offering several programs to encourage outsourcing companies to set up operations in emerging cities like Nasik, Chandigarh, and Ahmedabad. The major IT hubs in India like Bangalore, Pune, Delhi, and…

Asset accounts can be confusing because they not only track what you paid for each asset, but they also follow processes like depreciation. Maintenance of the CoA should be centralized to enable greater control over data integrity. As part of the governance process, the use of the flex-field segments in Oracle and data objects in…

Examples of insignificant changes made to organizing or enabling documents or bylaws that aren’t required to be reported here include changes to the organization’s registered agent with the state and to the required or permitted number or frequency of governing body or member meetings. A voluntary employees’ beneficiary association (VEBA) is a trust under state…

IAS 1 states that management may need to consider a wide range of factors, including current and forecasted profitability, debt maturities and replacement financing options before satisfying its going concern assessment. Management assesses all available information about the future for at least, but not limited to, 12 months from the reporting date. This means the…

Whether you’re taking the first step into your career or a veteran searching for a new challenge, accounting in real estate has plenty to offer. And if you’re already employed as a real estate accountant, you know that the industry is constantly changing — meaning there are always new skills to learn and regulations to…

Then, any expenses and losses are added up and are subtracted from the revenue/gains, to calculate the net income. While single-step income statements provide a quick snapshot of a company’s revenue and expenses, multi-step income statements provide a more in-depth look, including a breakdown of gross profit, operating income, and net income. This allows stakeholders…