inDinero Accounting

JUNE 29, 2023

Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). It is like a complex machine, with many parts that must work together to create an effective system. What are Generally Accepted Accounting Principles (GAAP)?

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Withum

MARCH 6, 2023

The measurement of value can vary widely depending on the application of specific measurement principles. The most common measurement standards include Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS) and GAAP as historically applied by the seller.

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Shay CPA

SEPTEMBER 13, 2023

They’re in the weeds with your accounting systems, overseeing everything from balancing your books to maintaining tax compliance. A controller will almost always be a certified public accountant (CPA). That certification ensures that they’re up to date on best practices like Generally Accepted Accounting Principles (GAAP).

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ThomsonReuters

SEPTEMBER 2, 2021

Simply put, a tax provision is the estimated amount of income tax that a company is legally expected to pay to the IRS for the current year. Other types of provisions a business typically accounts for include bad debts, depreciation, product warranties, pensions, and sales allowances. What is a tax provision?

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inDinero Tax Tips

FEBRUARY 22, 2023

It is mandatory for organizations that use Generally Accepted Accounting Principles (GAAP). If your company uses GAAP accounting, ASC 606 could drastically alter your accounting practices and financial situation. A company based on a cash accounting system will earn revenue when it receives cash, not before or after.

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inDinero Tax Tips

FEBRUARY 22, 2023

It is mandatory for organizations that use Generally Accepted Accounting Principles (GAAP). If your company uses GAAP accounting, ASC 606 could drastically alter your accounting practices and financial situation. A company based on a cash accounting system will earn revenue when it receives cash, not before or after.

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Snyder

DECEMBER 6, 2022

Real estate accounting management is a unique and complex process that requires specialized knowledge to accurately track and report financial information related to the real estate business. QuickBooks makes it simple to manage your finances without having to learn complicated accounting principles. Cons: No mobile version yet.

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