Who handles the accuracy of any information provided to complete the accounting engagement? Is the scope limited to a compilation service or is the client looking for a full audit? Knowing who is resp ...

The company then writes a check to pay the bill, so the accountant enters a $500 credit to the checking account and enters a debit for $500 in the accounts payable column. In many cases, the ...

The company then writes a check to pay the bill, so the accountant enters a $500 credit to the checking account and enters a debit for $500 in the accounts payable column. In many cases, the ...

The Undeposited Funds account is present in every QuickBooks Online file. This particular file is developed automatically as the chart of accounts part and also cannot be erased. If you attempt to do ...

Furthermore, outsourcing to an accounting firm allows you to work with a team of financial experts. You may rest assured that your accounting is in the hands of a reliable and knowledgeable business i ...

We are taking every action to minimize delays, and we are processing requests in the order they were received. If you will need your original documents for any purpose within this processing timeframe ...

In the event that something doesn't match, you should follow a couple of different steps. First, there are some obvious reasons why there might be discrepancies in your account. If you've written a ch ...

The other item the GAAP rules guard against is the potential for a company to overstate its value by overstating the value of inventory. Since inventory is an asset, it affects the overall value of th ...

On the flip side, if customers do not pay their outstanding balance, this will result in bad debt expense which reduces net income. By its nature, using A/R delays cash payments from customers, which ...

First, recognize the sunk costs, that is, those 60 thousand pesos and 4 months of work that have already left and will not return. Now you have to rethink the strategy, study what did not work and not ...