SMBAccountant

NOVEMBER 4, 2021

How could a business be making money according to their profit and loss but have no money… or even worse, negative cashflow? The most common items found on business balance sheets that affect the cash are loans and distributions. Expenses for items purchased on credit cards get recorded right away, but no cash has been spent.

financial statements 246

financial statements Account accountant accounted 246

ThomsonReuters

FEBRUARY 8, 2024

Going concern assumption: A closer look How do common accounting assumptions relate to GAAP? Staying up to date with GAAP standards Running an efficient and successful business isn’t easy.  This can sometimes prove especially challenging for small and family-owned businesses. What are the main accounting assumptions?

Account 96

Account accountant accounted accounting principles 96

CTP

FEBRUARY 20, 2024

By Dominique Molina, CPA MST CTS You’re in the business of tax planning, and you pride yourself on being the go-to expert for navigating the complex world of taxes. Think about the impact of strategic deductions, tax credits, and entity selection on a business’s bottom line.

tax planning 98

tax planning Tax Real Estate Education 98

Accounting Seed

MARCH 29, 2023

Topics Billing & revenue Payables & expenses General ledger Financial reporting Project accounting Multi-company Multi-currency Taxation Orders & inventory Billing & revenue Account / Customer Textbook Definition Customer master record used to record billing addresses, payment terms, etc.

general ledger 59

general ledger Non-Profits accounts payable Manufacturing 59

ThomsonReuters

APRIL 18, 2023

They paint a picture of the company’s financial position and business performance and help management, investors, and other stakeholders make more informed economic decisions. Financial statements contain critical information about a company’s financial position, cash flows, and results of operations. What are financial statement errors?

financial statements 52

financial statements accounting standards accounting and finance CPA 52

PYMNTS

DECEMBER 12, 2018

Cash is king in business — or at least the maxim holds true for some businesses, where legal issues are works in progress and banks shy away from providing services. We do want to find a solution to make sure that businesses that have large access to cash have a way to get them into a depository institution for it to be safe.”.

Legal 68

Legal Connecticut payroll Tax 68