This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. No assurance is given that the information is comprehensive in its coverage [...]

There are certain industries that prefer outsourcing their bookkeeping activity over hiring an in-house bookkeeper. Bookkeeping is essential not only to track the financial position of your business entity but also for its regulatory compliance. They offer a professional, outside, [...]

EBITDA is not normally included in the income statement of a company because it is not a metric accepted by Generally Accepted Accounting Principles (GAAP) as a measure of financial performance. However, EBITDA can be calculated using the information from [...]

Working capital refers to the difference between a company's current assets and current liabilities. Both metrics can be useful in assessing the financial health of a company. You can calculate the current ratio by taking current assets and dividing that [...]

By removing that provision, this final rule takes the position that all relevant aspects of the working relationship, including reserved rights, should be considered, without placing a thumb on that scale. Many commenters agreed with the Department's assessment that the [...]

It divides products into four categories based on their market share and market growth. Despite being released decades ago, it continues to be a major revenue generator for Microsoft. The software suite, which includes applications like Word, Excel, and PowerPoint, [...]

Sage Intacct’s strength is multicompany accounting and multicurrency management. These features become extremely useful if you conduct transactions outside the United States and pay in foreign currency. The image above shows the settings for consolidation, such as selecting the exchange [...]

Every three months, QuickBooks Live Bookkeeping automatically adjusts to the needs of your business by reevaluating your average expenses and pricing tier. QuickBooks Live Bookkeeping is an online bookkeeping service that connects small businesses with trusted, QuickBooks-certified virtual bookkeepers. Your [...]

Carrying value is the original cost of an asset, less the accumulated amount of any depreciation or amortization, less the accumulated amount of any asset impairments. From the perspective of an entire business, you can consider carrying value to be [...]

It is essential to note that this fee is non-refundable under any circumstances, and candidates will not receive a refund if they fail to appear for the exam. Additionally, if a candidate wishes to reschedule their exam date after submitting [...]