Bookkeeping Service in Fort Lauderdale Virtual Bookkeeper

Full-service cloud-based bookkeeping solution for one low, monthly, flat rate. — A top all-in-one bookkeeping service in Fort Lauderdale that can handle all accounting tasks necessary, from daily bookkeeping to end of the year tax prep. Bench — A top of the line company that is highly tech savvy with their own app so […]

Double-entry bookkeeping Definition

It will allow you to collect information about all transactions in one place and simplify accounting. That said, most accounting software is used double-entry accounting. Generally accepted accounting principles are based on double-entry accounting. You could also add a reference column if you’d like to record invoice numbers and a reconciliation column at the far […]

Capitalization: What It Means in Accounting and Finance

If the value of the item significantly improves or the lifespan of the item expands, the costs might be better off capitalised. You should also keep in mind that while R&D costs are typically considered an expense, certain legal fees involved in acquiring these, as well as patents, could be capitalised. The above also showed […]

Special Journals Definition, Types, & Advantages

The widespread use of microcomputers has enabled even small firms to automate their accounting systems. A single journal is satisfactory for small business enterprises where the transaction volume is usually small. A financial professional will offer guidance based on the information provided and offer a no-obligation call to better understand your situation. Our mission […]

Inventory change definition

Under this method, the projected inventories balance equals the DIO assumption divided by 365, which is then multiplied by the forecasted COGS amount. The inventory turnover ratio measures how often a company has sold and replaced its inventories in a specified period, i.e. the number of times inventories was “turned over”. The weighted-average cost method […]

American Institute of Certified Public Accountants AICPA

Continuing professional education (CPE) is also required to maintain licensure. Many CPAs are members of the American Institute of Certified Public Accountants and their state CPA society. The CPA is an important credential to me, and I still get continuing education credits every year to keep up with our state requirements. This helps me keep […]