Accounting Tools

SEPTEMBER 25, 2023

The recipients may allow the issuance of unaudited financial statements for interim periods. Related Articles Users of Financial Statements Which Financial Statement is the Most Important? They must also issue a Form 8-K when certain types of events occur. The reporting requirements for these forms are extremely detailed.

Financial Statements 40

Financial Statements Auditing Accounting Accounting 40

Accounting Tools

OCTOBER 15, 2023

The balance in this account is typically eliminated early in the following reporting period , when wages are paid to employees. A new wages payable liability is created later in the following period, if there is a gap between the date when employees are paid and the end of the period. Related Articles Salaries Payable

Financial Statements 40

Financial Statements Payroll Accounting Software Bookkeeping 40

Accounting Tools

AUGUST 4, 2023

Holding Period The dividend recipient must have had ownership of the stock for a period of greater than 60 days during the 121-day period that begins 60 days prior to the ex-dividend date. Related Articles Final Dividend Interim Dividend Liquidating Dividend Property Dividend Scrip Dividend Stock Dividends

Tax 40

Tax 40

Accounting Tools

JUNE 8, 2023

The gross profit method estimates the amount of ending inventory in a reporting period. This is of use for interim periods between physical inventory counts. Multiply (1 - expected gross profit %) by sales during the period to arrive at the estimated cost of goods sold.

Financial Statements 40

Financial Statements Auditing Accounting Accounting 40

Accounting Tools

NOVEMBER 4, 2023

It itemizes the deposits, withdrawals, and other activities impacting the checking account for a one-month period. Bank Reconciliation Record Keeping Bank reconciliation statements should be retained and archived by period, so that they are readily accessible when needed during the annual audit.

Bank Reconciliation 40

Bank Reconciliation Deposits Record Keeping Auditing 40

Future Firm

SEPTEMBER 27, 2023

In this article, I’ll run through some of the more modern options that might make the most sense for your firm at the moment. I had the chance to interview Botkeeeper’s CEO and I wrote up a pretty extensive article on how their service works. They’re mainly focused on the US.

Outsourced Bookkeeping 98

Outsourced Bookkeeping Bookkeeping Bookkeeping Services QuickBooks 98

Accounting Tools

APRIL 24, 2024

Prior Period Error Corrections Prior period financial statements should be restated when there is an error correction. If the financial statements are only presented for a single period, then reflect the adjustment in the opening balance of retained earnings. It is not an accounting change.

Financial Statements 75

Financial Statements Accounting Accounting 75

Accounting Tools

JUNE 19, 2023

Related Courses Accounting for Inventory How to Audit Inventory What is a Periodic Inventory System? A periodic inventory system only updates the ending inventory balance in the general ledger when a physical inventory count is conducted.

General Ledger 40

General Ledger Accounts Payable Accounts Payable Accounts Receivable 40

IMA's Count Me

JULY 8, 2019

And once I kind of finished the qualification, I went back and did my internship and articles in my late twenties. And through that period I really just ran with academics, you know, sometimes more academics, less consulting, sometimes more consulting and less academics.

Accounting 40

Accounting Accounting Corporate Finance Computation 40

IMA's Count Me

JUNE 6, 2021

I saw an article recently from Accenture on this, and I found it very, very interesting and poignant. And so we developed this health of America report series that is a data-driven set of analytics and we do publications periodically on different topics. So they're asking us, “Hey, look, cut us some slack on premiums for a while”.

Collections 40

Collections Accounting Accounting Billing 40

Cloud Accounting Podcast

APRIL 3, 2020

They put out the interim final rule that the administrator wrote up of how they would go about advising and providing guidance to the banks and community banks. with all those provisions, or is it a larger period of time? Michael Ly: [00:32:09] Yeah, there's a list of forgivable expenses that are covered in the covered period.

Payroll 40

Payroll Bookkeeping Billing Reconciling 40

Cloud Accounting Podcast

MAY 10, 2020

I didn't even grab that article. Like, it's eight weeks; we get eight minutes to talk PPP; then we move on to other articles. I think the big shocker that just came down the wire was this concept that the White House may delay tax season again? David Leary: [00:05:59] Oh, I'm glad you. I saw that. I almost forgot about that.

QuickBooks 40

QuickBooks Payroll Tax Accounting 40

Cloud Accounting Podcast

JUNE 16, 2020

Tons of articles related to all that mess. million. [00:09:45] Then, the interesting one is there's an article about Square that I found; why its stock is soaring and how it's threatening banks. Couple of interesting points in this article. I'll just read this verbatim from the article here. This article was in Forbes.

QuickBooks 40

QuickBooks Bookkeeping XERO Payroll 40

Cloud Accounting Podcast

MAY 18, 2020

It doesn't say this in the articles that I read, but I imagine the way they caught him is probably how they catch a lot of this stuff, which is he was posting on Instagram, or something. Hard to say, right? David Leary: [00:17:04] That's the article- that's the part I did not get. So, it was probably super-obvious.

Payroll 40

Payroll Billing Deposits Auditing 40

Cloud Accounting Podcast

MAY 26, 2020

There was an article in The Wall Street Journal this week about how, on both sides of the aisle, senators are complaining that Jovita Carranza and the SBA leadership are not being responsive to their requests for information. Now, you can compare periods when creating a custom chart. Pretty cool. Go check it out. Pretty funny quotes.

XERO 40

XERO Accounting Accounting QuickBooks 40