by Keith | Jan 12, 2024 | Bookkeeping
However, the cash basis method might overstate the health of a company that is cash-rich. That’s because it doesn’t record accounts payables that might exceed the cash on the books and the company’s current revenue stream. While some...
by Keith | Aug 1, 2023 | Bookkeeping
This centralization is likely to be temporary, with the structure becoming more decentralized as use of the new technology matures. Eventually, businesses might find it beneficial to let individual functions prioritize gen AI activities according to their needs. With...
by Keith | Jan 25, 2022 | Bookkeeping
If you want to include tax carryforwards in your financial model, you likely need a separate tax scheme as part of your model. As an entrepreneur it is likely that you have negative results in the first couple of years of operations. If you have negative results this...
by Keith | Aug 17, 2021 | Bookkeeping
In these cases, cash variances should be stored in a single, easily-accessible account. This information is then used to track down why cash levels vary from expectations, and to eliminate these situations through the use of better procedures, controls, and employee...
by Keith | Feb 22, 2021 | Bookkeeping
If they don’t balance, there may be some problems, including incorrect or misplaced what is the abbreviation for debit and credit data, inventory or exchange rate errors, or miscalculations. After six months, Speakers, Inc. is growing rapidly and needs to find a...
by Keith | Nov 3, 2020 | Bookkeeping
Now, due to the nature of both, retained earnings are often confused with reserves, but both are two different https://www.bookstime.com/articles/what-are-two-types-of-bookkeeping-methods terms. While reserves come from retained earnings, they serve a specific...
Recent Comments