When to hire a CFO vs Controller Which does your business need?
Both positions oversee day-to-day operations, but comptrollers sometimes assume the strategic decision-making authority of a…
The complete guide: Bookkeeping for attorneys and paralegals
When it comes to accounting for law firms, whether you handle it yourself or hire…
What Are Accruals? How Accrual Accounting Works, With Examples
These are called prepaid expenses and are logged as an asset. An example of a…
Convertible Securities: Accounting Treatment
Convertible debt begins as a loan, with the issuing company receiving accounting for convertible preferred…
Balance Sheet: Balance Sheet Breakdown: Post Closing Trial Balance Insights
For the past 52 years, Harold Averkamp (CPA, MBA) hasworked as an accounting supervisor, manager,…
Small Business Tax and Bookkeeping Online Bench Accounting
A business income statement includes both gross and net income. Each can provide valuable information…
What is an ACH Return? ACH Payment Processing
In this guide, we’ll explain the different types of ACH fees, what impacts their cost,…
Switching from Accrual to Cash Basis Accounting: A Step-by-Step Guide
Additionally, you can use technology such as accounting software to streamline the invoicing process and…