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The cash basis and accrual basis of accounting are two different methods used to record accounting transactions. The core underlying...

The tax season is here again! This year, the IRS announced 4 recent changes in tax laws that can save you a lot. 1. Individual Income Tax...

You would like to be paid on time? You need to send out invoices on time. Especially, people who work in the Construction Industry. As a...

Accounting and financial management is a challenging task in all industries. TABLE OF CONTENT Cash Basic Job Costing Percentage of...

On the last article, we talked about the definition of Account Receivable and its importance to business. Subsequently, Accounts...

Most businesses sell to their customer on credit . That implies, they sell and deliver goods or services quickly, send an invoice, then...

A Balance Sheet gives you a financial snapshot of the company as of the specific date. It calculates how much the company is worth (its...

Have you ever wondered why you should find a professional bookkeeper? As US Small Business Administration states, “half of all new small...

At the end of every month, it is time for you to reconcile your trust bank account. This lets you confirm that your transaction records...

With regards to dealing with your client’s trust accounts, it is critical that your law firm has the correct processes and practices...

On June 5, 202, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law. The PPPFA makes a handful of significant...

Every tax season, it is moment of truth about whether the company book is ready to go. But how do we know that company's book is ready?