Bookkeeping

Professional service companies, such as dentists, lawyers, landscapers, and marketing agencies, all benefit from financial accounting. Although financial statements provide a wealth of information on […]

We do not want an expert but a medium-level resource who understands QuickBooks. As a freelancer, it’s easier to get out of balance in your […]

Therefore, if a company collects payments for products or services not actually delivered, the payment received cannot yet be counted as revenue. While both deferred […]

It also is not necessary to write an explanation of the transaction because only credit sales are recorded. It should be noted that sales of […]

In fact, Super Micro can install entire rack-scale systems, allowing customers to merely plug in a system into both a power and data source, and […]

IFRS 5 Non-current Assets Held for Sale and Discontinued Operations outlines how to account for non-current assets held for sale (or for distribution to owners). […]

The remaining amount realized of $100 ($1,100 − $1,000) is section 1231 gain (discussed in chapter 3 of Pub. 544). The applicable convention establishes the […]

The transferee received assets of the transferor-taxpayer; and 2. The transferor was INSOLVENT at the time or was rendered insolvent by that transfer or related […]