Remote Quality Bookkeeping

JULY 24, 2023

For example, in 2019, Hertz was fined $16 million for inaccurate financial reporting. For instance, GAAP requires the use of accrual basis accounting. Although the FASB is a private, nonprofit enterprise, its authority to set these rules comes directly from the SEC.

Financial Reporting 52

Financial Reporting Bookkeeping Financial Statements Accruals 52

Cloud Accounting Podcast

AUGUST 3, 2020

There's a form called Form 3115, which you file with your income tax return to change your accounting method from cash to accrual, vice versa. million in payroll in 2019. You used to have to actually mail a duplicate copy of that to the IRS - you file one with your tax return and then you mail a duplicate copy.

QuickBooks 40

QuickBooks XERO Bookkeeping Payroll 40

Cloud Accounting Podcast

JUNE 28, 2020

They'll do cash, or accrual accounting. They're not gonna charge you $500 a month if you're a $10 million-a-year business. [00:11:41] They also have accrual accounting, but it's pretty much similar, other than that. Going Concern was curious, so they went back to the 2019 filings and found out just what that engagement is worth.

Bookkeeping 40

Bookkeeping QuickBooks Payroll Auditing 40