article thumbnail

GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). Understanding the principles of GAAP accrual accounting can be challenging and daunting; however, with the right guidance, it can be achieved. What are Generally Accepted Accounting Principles (GAAP)?

article thumbnail

Growing Your Ecommerce Business with an Inventory Manager

Basis 365

On the other hand, an inventory manager directs their attention to the actual product, managing order quantities, re-order dates, purchase prices, vendor relationships, and tracking costs in the accounting system and COGS. One of the main differentiating factors between these two positions is the understanding of backend accounting.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How do I choose what entity type my business should be?

Basis 365

Understanding the direction past businesses have gone is the basis for deciding on your new business structure, but as always consult with your legal and accounting team. In addition, partnerships are faced with expanded accounting requirements to comply with Generally Accepted Accounting Principles.

article thumbnail

How to Find the Best Real Estate Accounting Software for Your Business

Snyder

There are mainly two types of accounting software solutions that will suit particularly real estate businesses: general accounting software solutions with basic accounting; accounting software solutions designed specifically for the real estate business needs.

article thumbnail

How to Avoid Mistakes in Accounting: 5 Common Accounting Mistakes

Snyder

But there’s definitely a potential for improvement, as filing taxes and getting tax returns can be streamlined with the right accounting software and professional help from experienced accountants. Want to brush up on basic accounting principles or small business accounting ? 5 common accounting errors.

Account 52
article thumbnail

Accounting for Startups

inDinero Accounting

We’ll cover the various services startups need from accountants and the things accountants look out for while doing their work. There are many good reasons for the way things work – GAAP (generally accepted accounting principles) has been honed for decades. All of these should be managed and handled by your accountant.

Account 52
article thumbnail

Accounting for Startups

inDinero Accounting

We’ll cover the various services startups need from accountants and the things accountants look out for while doing their work. There are many good reasons for the way things work – GAAP (generally accepted accounting principles) has been honed for decades. The Right Chart of Accounts. Why do you care?

Account 52