SSB CPAs can also look at your balance sheet and make sure you’re not incorrectly writing things off. 91.5% of trucking carriers in the U.S. operate with six or fewer trucks. Truck drivers are eligible for several deductions related to their industry and job duties. We match you with an expert trucking tax advisor to […]
Category Archives: Bookkeeping
As AI technologies become more prevalent in the finance industry, it’s crucial to consider the ethical implications of these tools. Before we dive into the world of AI applications in finance, it is essential to understand the core concepts and principles that drive this technology. The world of finance is changing rapidly, with disruptive technologies […]
Operating cash flow is calculated by taking cash received from sales and subtracting operating expenses that were paid in cash for the period. Once cash flows generated from the three main types of business activities are accounted for, you can determine the ending balance of cash and cash equivalents at the close of the reporting […]
During this time, the Child Support Services Program is encouraging case participants to join with them in taking steps to reduce the need for visits to the local Child Support Enforcement offices. The Agency eChild Support Portal provides alternatives to handle common activities such as obtaining the case status and payment information. Please refer to […]
At the start of an accounting period a business has 2,000 units in beginning work in process. During the accounting period a further 8,000 units are added to the production process and 6,000 units are completed and transferred out, leaving an ending balance of 4,000 units in work in process. There is an exception to […]
They are given broad rights, responsibilities, and authority in order to conduct business. As a result, managers require different types of information in order to run their businesses effectively. Parties in today’s business world use a variety of financial statements to meet their specific needs. Although this group might not be the first to spring […]
This past year has seen unprecedented digital acceleration and transformation, highlighting the immense value of engaging the right technology partners and, of course, the consequences of getting this wrong. The latter is a pretty daunting thought considering how time and resource-intensive software selection and implementation can be. Back office and accounting systems offer a variety […]
The word boilerplate can be used in information technology (IT) and legal agreements alike — but do you know what it means? So its kind of redundant as developers because we have seen it multiple times, but does convey some actual meaning to non-developers and compilers. Repeatable sections of code which just adds an unnecessary […]
He lives in Manchester, UK with his wife and 2 children and loves to play sport and watch continual re-runs of The Office (US version, obviously). Its profit and loss reporting tool gives actionable insight to help you know what working capital definition is working well, and what needs attention. The human experts at Finaloop […]
However, at some point, the company needs to dispose of the fixed assets to purchase a new one. It leads to the sale of used fixed assets that company can generate some proceed. Additionally, it is important to document the sale properly and reconcile the accounts. Through careful attention to the accounting process, businesses can […]