Bookkeeping

Cash accounting doesn’t conform to these well-known accounting principles. Per the IRS, you can’t use cash-basis accounting if you manage inventory, make... Learn More

These laws vary by jurisdiction but aim to ensure fair treatment and working conditions for all workers. Recent updates in labor laws... Learn More

Accounting professionals who want to branch outside the functional tasks of accounting may consider becoming an accounting consultant. A bachelor’s degree in... Learn More

And so, understanding the procedure and details of accounting becomes quite a necessity for someone planning to run or establish a travel... Learn More

MYOB Essentials also integrates with other popular business applications, such as payment gateways and customer relationship management (CRM) software. Some may argue... Learn More

The software must have enough reports that can be generated with a few clicks. Moreover, we’d also like to see customization options... Learn More

With cash accounting, this occurs only when money is received for goods or services. Accrual accounting instead allows for a lag between... Learn More

As the diagram above illustrates, there are several types of expenses. The most common way to categorize them is into operating vs.... Learn More

I also use my accounting degree to prepare financial statements and loan proposals for banks when I am purchasing properties. I have... Learn More

Understanding incremental costs becomes critical for businesses looking to increase their productivity and overall profitability. If the LRIC increases, it means a... Learn More