For a taste of how you might find it to set up Quickbooks for your nonprofit, read our guide on How to Use Quickbooks Online, a very similar product from Quickbooks. Learn essentials including the 990, sustainability models, spending best…
Under the equity method, an investing company will recognize it’s share of the investee company profit or loss for the period in its own income statement. The equity method acknowledges the substantive economic relationship between two entities. The investor records their…
The firm provides financial services for individuals, families, businesses, and organizations, including accounting, internal audit, wealth management, transaction advisory, and cost segregation. Through its affiliation with the RSM US Alliance, it obtains access to resources in the organization, which includes…
The market capitalization, i.e. “equity value”, of a company following a stock split or reverse stock split should be neutral in theory. The distinction between the basic and diluted EPS can be seen in the denominator of their respective formula.…
The Modified Accelerated Cost Recovery System (MACRS) is used to recover the basis of most business and investment property placed in service after 1986. MACRS consists of two depreciation systems, the General Depreciation System (GDS) and the Alternative Depreciation System…
Some accountants only prepare taxes, while others work in health care accounting, auditing, or a specific industry. Small businesses often schedule video appointments once or twice per month to discuss questions and to review results. You’re limited to one scheduled…
The asset value will be reduced with a credit and a loss will be recognized for the reduction of value. Fixed Asset Accounting Software – There are some specific asset accounting packages, although they will have additional costs. However, even if…
You may not even notice serious errors — such as duplication of invoice processing and exception processing — until it’s too late. Accounts payable outsourcing refers to contracting with a third-party team to manage your accounts payable process. In AP…
To avoid scope creep and help shine a spotlight on your advisory expertise, carefully define your menu of services. Advisory services and your financial acumen are what set you apart from every other firm. Also consider creating packages of bundled…
The firm offers bookkeeping and accounting services for business and personal needs, as well as ERP consulting and audit assistance. Yes, it’s always possible to switch from the cash method to accrual accounting or vice versa. It’s a big undertaking…
