Bookkeeping

Free Yardi Breeze Webinars: All Property Managers Welcome

It offers everything from product introductions to deep dives sessions on the latest innovations in real estate software. Yardi users may have noticed a nice surprise when logging into Yardi Client Central recently. As of March 1st, all Yardi training webinars for current clients are FREE to attend. Did you know we host multiple free …

Free Yardi Breeze Webinars: All Property Managers Welcome Read More »

Property management software for every real estate portfolio

Our contributions include event sponsorship, participation in panels and roundtables, keynote addresses, grants and thought leadership content. Accommodate accounting for complex deal structures and eliminate error-prone spreadsheets. Once defined, the system automates calculations and accounting related to your business terms. We showcase innovation and best practices at major trade events staged by NAA, Realcomm, BOMA, …

Property management software for every real estate portfolio Read More »

Business Transaction Types, Definition, Explanation and Examples

This step involves creating journal entries to reflect the financial impact on accounts. Cash transactions involve the immediate exchange of cash for goods or services. Transactions can be more complex in the accounting world because businesses may make a deal today that won’t be settled until a future date. In a credit transaction, the cash does not …

Business Transaction Types, Definition, Explanation and Examples Read More »

Differences Between Bookkeeping and Accounting

Small businesses may struggle with adopting and utilizing accounting software and other technological tools. Implementing new technology requires time, resources, and training, which may be limited for small businesses. Small business owners typically wear multiple hats and have limited time to dedicate to bookkeeping and accounting. Based on this information, accountants work with bookkeepers to …

Differences Between Bookkeeping and Accounting Read More »

What is a Sales Account?

Our unique approach empowers clients to build industry leading Sales Development programs that deliver real results with the assurance of total transparency, flexible month-to-month contracts, and flat-rate pricing. The next most common type of account is the team account, which represents a group of salespeople. This type of account is often used by larger businesses …

What is a Sales Account? Read More »

Adjusting Entries Types Example How to Record Explanation & Guide

Interest Receivable increases (debit) for $1,250 because interest has not yet been paid. Interest Revenue increases (credit) for $1,250 because interest was earned in the three-month period but had been previously unrecorded. During the year, it collected retainer fees totaling $48,000 from clients. Retainer fees are money lawyers collect in advance of starting work on …

Adjusting Entries Types Example How to Record Explanation & Guide Read More »

Leverage Ratio: What It Is, What It Tells You, How To Calculate

The result can be a substantial increase in earnings, leveraged off the money provided by lenders. This ratio is commonly used in the United States to normalize different accounting treatments for exploration expenses (the full cost method versus the successful efforts method). Exploration costs are typically found in financial statements as exploration, abandonment, and dry hole costs. …

Leverage Ratio: What It Is, What It Tells You, How To Calculate Read More »

How to Benchmark Your Accounting Performance and Practices

If the goal is to reduce risk, it is more important for companies to understand their risk portfolio than to compare revenue between companies when assessing cyber insurance policies. As data analytics and artificial intelligence tools continue to grow, more benchmarking tools will become available. Businesses need duration and convexity with illustrations and formulas to …

How to Benchmark Your Accounting Performance and Practices Read More »

Solved: Adjust Payroll Liabilities for Taxes Already Paid

By dedicating time to review and verify the adjustments, you can be confident that your payroll liabilities are accurately reflected in QuickBooks Online. This step ensures the integrity of your financial records and reduces the risk of errors or discrepancies. Following the setup adjustments, it is crucial to review and modify individual employee payroll records …

Solved: Adjust Payroll Liabilities for Taxes Already Paid Read More »

5 1 Investments in life insurance contracts

The cash value amount depends on the premium paid, the duration of the policy, and the interest rate the policy earns. Despite FASB’s support for the cash surrender value method, many alternatives have been proposed. Revenue-based alternatives, such as the pro-ratable income and present value income methods, also have been proposed. They allow recognition of …

5 1 Investments in life insurance contracts Read More »