Additionally, the aged accounts receivables and aged accounts payables reports are helpful in knowing which customers have not paid and which vendors are yet to be paid. These reports will…

The result would give a far more accurate picture of the company’s true financial status. An investigation may determine that the company wrote a check for $20,000, which still needs…

To successfully complete your bank reconciliation, you’ll need your bank statements for the current and previous months as well as your company ledger. An online template can help guide you,…

A tax haven or shelter is a method of reducing taxable income which results in a reduction of tax payment. The method is any that recovers more than $1 in…

In other words, employers are not required to assess whether employee benefit plans should be treated as subsidiaries and thus need to be consolidated. Consolidated financial statements, however, fully integrate…

Tax collections are managed primarily by the 36 counties in Oregon, which assess property and calculate taxes owed. Revenue from the property tax typically goes to support local services such…

Businesses need to ensure that their outsourcing partner complies with these labor laws to avoid any legal issues related to employment. There are a number of ways to find the…

That’s due to an effective rate of interest which was calculated to incorporate and amortize issuance cost of $200,000 and premium of the $1 million. Suppose Amber plc issues $10…

As a business owner, managing the finances of your fast-growing company can be a hassle. Learn how you can automate manual AR work, reduce errors, and improve your customers’ payment…

One is cash basis accounting and the other is accrual basis accounting. The difference between the both lies in the recognition timing of Law Firm Bookkeeping and Accounting: A Completed…