Remote Quality Bookkeeping
APRIL 14, 2025
Familiarize Yourself With Your Bookkeeping System Businesses use two primary methods to document revenue and expenses and report to the IRS: cash basis or accrual. Thus, selecting the proper type of accounting immediately is important. Depending on the proper method for your company, every other bookkeeping task is affected.
Accounting Tools
SEPTEMBER 22, 2023
Related Courses Bookkeeping Guidebook Human Resources Guidebook Payroll Management Accounting for a Bonus Accrual A bonus expense should be accrued whenever there is an expectation that the financial or operational performance of a company at least equals the performance levels required in any active bonus plans.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Accounting Tools
JUNE 20, 2023
There is a specialty in external reporting, which usually involves a detailed knowledge of accounting standards. There is also the controller track, which requires a combined knowledge of financial and management accounting. It includes such areas as cost accounting and target costing.
Accounting Tools
SEPTEMBER 8, 2023
Certifications There is also a difference in the accounting certifications typically found in each of these areas. People with the Certified Public Accountant designation have been trained in financial accounting, while those with the Certified Management Accountant designation have been trained in managerial accounting.
AvidXchange
SEPTEMBER 30, 2015
Cash management, accounts receivable, prepaid expenses, fixed assets, accounts payable – there are countless activities that must be accounted for before closing the books for the month. We’ve seen companies dramatically improve their month-end close by automating accounts payable processes.
Remote Quality Bookkeeping
MAY 15, 2025
Misclassifying expenses , skipping reconciliations, and misunderstanding how to handle accruals are all common bookkeeping mistakes that can lead to serious reporting errors and even IRS red flags. While software tools make bookkeeping more accessible, they dont eliminate the learning curve.
Accounting Tools
SEPTEMBER 29, 2023
Related Courses Property Management Accounting What is Accrued Rent Liability? Accrued rent liability is a balance sheet account that stores the amount of rent incurred but not yet paid. This account is used by a tenant that has entered into a facility rental arrangement with a landlord.
Expert insights. Personalized for you.
52 
Let's personalize your content