A company’s financial position, operational performance, etc., are all represented using the same data. One of the biggest perks of switching to a business account is to have access to Instagram insights. It will help you to break down your path towards improving your Instagram…
Gain on sale of fixed assets is the excess amount of sale proceed that the company receives more than the book value. A sale of fixed assets is the transfer of a fixed asset from one entity to another. The transferee gains ownership of the…
Also, for such a scenario, make sure to name it as ‘Other Liabilities’. Record the security deposit received as a short-term liability on the real estate balance sheet. The exact scenario is I am an independent consultant for multiple HR Outsourcing services. Accounting Ratios Now,…
(1) The costs of transportation of the employee, members of his or her immediate family and his household, and personal effects to the new location. (2) Reimbursement to the employee is in accordance with an established written policy consistently followed by the employer. (3) The…
If during Q3 your company experienced slightly lower sales and only moved 4,500 total units across product lines, your multivitamins would account for 28% of your total sales volume. This information is beneficial because it shows buyers are interested in purchasing your multivitamins even when…
Department of Labor as anyone who regularly makes more than $30 a month in tips. This constitutes most front-of-house restaurant employees such as servers, runners, hosts, and bartenders. The amount of wages reported on a paystub is also reported to the Social Security Administration. This…
The audit is a formal requirement of many corporations and business entities. The implications of compilation also include no assurance, review, or internal control check, as in the case of reviewed or audited financial statements. A compilation is when an external accountant converts an organization’s…
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If you need someone to look at your money, they’re the cream of the crop. While many CPAs offer tax preparation services, they can also work in government agencies, nonprofit organizations, and self-employment. The IRS gives certified public accountants cpa what do they do special…