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Keep in mind that if your client is a large company, your point of contact for payment might not be your standard contact. If you’re using a template, make sure the template includes all the fields you need. Your...
Smart, growing churches will save unspent dollars to strengthen their capital improvement capacity in the years to come. In other words, in our example above they would take the additional 10% (50%-40%) and either pay down on their mortgage,...
Depreciation Tax Shield is the tax saved resulting from the deduction of depreciation expense from the taxable income and can be calculated by multiplying the tax rate with the depreciation expense. Companies using accelerated depreciation methods (higher depreciation in...
No matter the size of the company, businesses turn to the top 30 accounting firms in Singapore to receive excellent accounting and bookkeeping records. Using these services is so important because they help keep the awareness about the specifications...
Cloud accounting is the practice of using an accounting system that’s accessed through the internet. This means that it can be accessed from anywhere which is perfect for remote workers or if a worker is on the road. Digital...
Accounts receivable refers to the amount that your customers owe to you for the goods and services provided to them on credit. Thus, the accounts receivable account gets debited and the sales account gets credited. This indicates an increase...
These donations can come in various forms, such as cash, checks, or online payments. It is crucial to maintain clear records of these transactions to ensure proper accounting and stewardship of the funds. Many organizations start out tracking their...
Certain skills are vital for anyone seeking success in accountant consultancy. For most, this begins with earning a bachelor’s degree in accounting or a related field, such as finance or business administration. We put down recession-proof roots in the...