Categorie: Bookkeeping

Primarily, this type of endorsement limits the use of an instrument or check. One of its common examples includes a “For Deposit Only” check, which confines a check holder to deposit the amount in their account only. Bearer securities bearing restrictive endorsements as herein provided will thereafter be nonnegotiable and payment, redemption, or exchange will...

The WIP figure also excludes the value of finished products being held as inventory in anticipation of future sales. Bookkeepers need to enter all expenses for each project, typically ensuring each entry is correctly coded so that it is accurately categorized and allocated to the right project. Every business must prepare up-to-date and accurate reports...

Did your customer make the payment by their credit card on the stipulated date after receiving the service? As a business, you must ensure everything you owe others is paid for on time and that you are also paid for your goods and services on time. An outsourced bookkeeper can ensure that your accounts receivable...

Ours is a dedicated team of 1000+ offshore experts who is here to help you save time, effort, and money alongside reducing risks. With state-of-the-art infrastructure and the latest bookkeeping tools and software, we bring you increased profits, operational efficiency, and agility. You also get to choose from our multiple engagement models designed to suit...

The public set represents virtually irrefutable evidence of the underlying transactions. It is important to note that organizations can control access to the data, both in terms of who can access the data and what data can be accessed. The impact of blockchain on audit practices is profound, introducing efficiency, accuracy, and transparency. By immutably...

At each inflection point, it has re-established its vital role in building trust and confidence in the capital markets and in the investing public. Today, we are racing toward yet another inflection point that holds tremendous promise and potential for the future of audit. Digital technology has long influenced accounting, but most digital technology has...

On one hand, high retained earnings could indicate financial strength since it demonstrates a track record of profitability in previous years. On the other hand, it could be indicative of a company that should consider paying more dividends to its shareholders. This, of course, depends on whether the company has been pursuing profitable growth opportunities....

The other way you can use gross margin as a benchmark is to compare a company’s gross margin from year to year. A drastic increase in gross margin from one year to the next could be a red flag. Identifying the most profitable customers operating cash flow can help business owners determine what their ideal...

Continue reading to discover how these fundamental concepts are the heartbeat of every financial transaction and the backbone of the accounting system. Demystify accounting fundamentals with this comprehensive guide to debits and credits, their roles in transactions, and double-entry bookkeeping. In fact, the accuracy of everything from your net income to your accounting ratios depends...

The standard overhead cost is usually expressed as the sum of its component parts, fixed and variable costs per unit. Note that at different levels of production, total fixed costs are the same, so the standard fixed cost per unit will change for each production level. However, the variable standard cost per unit is the...