Content Deferred Revenue Recognition Compliance Join our community of SaaS leaders Unearned Revenue What Types of Industries Have Unearned Revenue? What if I use cash basis accounting? How to account for deferred revenue Why companies record unearned revenue The balance of the $12,000 payment remains in unearned revenue until goods…
Content What is the structure of cash flow statements? Example of the Cash Flow Statement The indirect method of calculating cash flow Financial Accounting Outline What the Statement of Cash Flows tells users about the business Chapter 12 How Is the Statement of Cash Flows Prepared and Used? Balance sheet…
Content Join over 140,000 fellow entrepreneurs who receive expert advice for their small business finances Why Do Independent Contractors Need Accounting? Separate Business Expenses from Personal Expenses Software for Bookkeeping and Accounting corp to corp contractors QuickBooks Self-Employed If you’re self-employed, you’re not required to hire a bookkeeper or an…
Thus, if you don’t have a clearinghouse that has specific processes in place to help you with each of those mental health billing-related aspects, you should seek a new one. Since you and your staff work within your PM/EHR daily, the most ideal process to submit mental health claims to…
He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University. As mentioned, dividends are a profit distribution among shareholders. According to this definition, dividends must reduce a company’s earnings. One metric that we can use to analyze a…
Content Products & Services What is net working capital and how to calculate it from balance sheet? Business Class Furthermore, if you calculate changes in NWC from the balance sheet, it would provide you with a general understanding of the company’s current position. But from an owner’s point of view,…
Its team also offers recurring bookkeeping solutions such as sales tax reporting, payroll administration, budget preparation, and W2 and 1099 preparation. The company has worked extensively with service-based industry clients such as real estate, retail, automotive, construction, and food companies. Robinson Accountancy PLLC is a team of dedicated accounting expert…
Content What Qualifies as a Work-Related Travel Expense? The Uber & Lyft Driver’s Guide to Taxes Everything You Need to Know About the Business Travel Tax Deduction Step 3: Calculate your net profit or loss from your rideshare business Is Work-Related Ridesharing a Tax Deductible Expense? When it comes to…
Content Effects of the Principle on the Calculation of Taxable Income The disadvantage of the Historical Cost Principle: Can result in distorted financial statements Promotes consistency in accounting – Advantages of Historical Cost Principle What Is the Difference Between Historical Cost and Fair Market Value?? What Historical Cost Principle Is, and…
Content Financial Markets, Financial Institutions, and Fiscal Service U.S. Department of the Treasury Client Alert: IRS Provides Additional Direction on Tax Treatment of PPP Loan Forgiveness Credits & Deductions Federal Financial Data The CAA therefore clarified that the amount of the forgiven loan must be excluded from gross income of…