It’s important to note that this method does not take into account any accounts receivable or accounts payable. This is because it only applies to payments from clients—in the form of cash, checks, credit card receipts, or gross receipts—when payment is received. Accrual basis accounting recognizes income and expenses when they are incurred. As its…
A ‘debit’ entry is typically made on the left side of an account, while a ‘credit’ entry is recorded on the right. This is because gain and revenue accounts normally have a positive account balance. When a payment is made, the credit entry is recorded on the left side and the debit entry is recorded…
Sometimes you might need to sign a cheque over to allow someone else to deposit it. These can get cashed by someone other than the named person on the front of the cheque. Simply put, if you don’t sign your cheque then the bank won’t deposit it or cash it. This is regardless if all…
Connect With PayPal is for merchants who want to allow customers to log into your website/app using their PayPal credentials. Alternatively, Zettle allows merchants to use Tap to Pay on iPhone or Android to accept contactless payments without using any sort of card reader or terminal at all. PayPal’s Zettle mobile processing app is not…
A good accountant, or your Bench bookkeeper, can help generate these reports and get a handle on your business’s financial health. And don’t just keep these items until you turn your forms over to the tax collector. You’ll want to hang on to most records for at least three years, though there are exceptions where…
The drinking and ptsd neurokinin-1 receptor antagonist aprepitant had no effect on PTSD symptoms or alcohol craving (Kwako et al. 2015). Data from theDepartment of Veterans Affairsindicates that as many as 63 percent of veterans diagnosed with alcohol use or other substance use disorder also meet the diagnostic criteria for PTSD. While PTSD does not…
Tax attorneys and certified public accountants (CPAs) both offer specialized expertise, but their roles serve distinct purposes. A CPA focuses on tax preparation, accounting, and financial planning, while a tax attorney provides legal counsel, QuickBooks represents clients in disputes, and navigates complex tax laws. This article explores their unique skills, when to hire each, and…
This free general template was designed for use on small construction projects. Though invoicing in construction is complex, setting expectations, maintaining organized records, and utilizing management tools can simplify the process exponentially. Contractors should include all approved change orders that are invoiced in the current billing cycle along with the payment application. Offer Discounts for…
Regular audits should be conducted by an internal or external auditor to ensure that the financial records are accurate and complete. Auditors should review the financial records, policies, and procedures to identify any weaknesses in the system of internal controls. This will make it easy for you to send invoices online, track expenses, monitor payment…
This method of Costing is used in constructional type of industries such as -Buildings, Dams, Roads, Bridges, etc. Under this method, costs are collected, accumulated and ascertained for each job separately. Because, each job normally differs from others as the works are undertaken strictly in accordance with the customers’ specifications. Most widely used costing methods…