da complastic | Lug 3, 2023 | Bookkeeping
A company may not always have a lot of cash on hand, but it better make sure it has sufficient amounts of liquid assets that can quickly be converted into cash if needed should an immediate need for money arise. As such, the long-term assets portion of the balance...
da complastic | Lug 18, 2022 | Bookkeeping
Using predictive analytics and machine learning, companies can automatically compile data from all relevant sources—historical and current—to continuously predict future cash flows. With faster, more accurate cash flow forecasting, companies can make proactive moves...
da complastic | Giu 30, 2022 | Bookkeeping
Journal entries are used to create sub-ledgers, general ledgers, quarterly or annual reports, and other reports and statements. For example, you decide to buy a car for your business and write a $5,000 check for the down payment on a new $20,000 car. You will be...
da complastic | Gen 26, 2022 | Bookkeeping
I decided to take a deep dive into the origins and rationale behind “MM” to better understand this unique element of finance culture. Moreover, the use of “MM” aligns with the principles of transparency and comparability advocated by international...
da complastic | Gen 13, 2022 | Bookkeeping
Your bookkeeper reconciles your accounts, categorizes your transactions, and produces your financial statements. They also make adjustments to your books to ensure they’re tax-compliant. Occasionally your bookkeeper might need your input on things like categorizing a...
da complastic | Ott 20, 2020 | Bookkeeping
This is in contrast to a business where revenue is typically recognized at the point of sale or service delivery. Nonprofit auditing differs significantly from its for-profit counterpart due to the unique objectives and operational frameworks of these organizations....
