How to Create an Effective Onboarding Checklist for Accounting Clients
If you need to send a card for the holidays, have a look at our holiday card templates for businesses. If your employee's award or agreement does not include a provision for a close-down, then you are not allowed to direct an employee to take…
Accounting CRM Software: The 13 Best for Your Firm
A good CRM will help you keep track of your client’s contact information, communication history, and financial data. However, beware of choosing Hubspot over other tools simply for its tempting free plan. This is a common marketing tactic…
Qualified improvement property and bonus depreciation
If you could deduct the entire improvement expense in one go, then you could use the money the deduction frees up from taxes. Leasehold improvements are tenant specific, which means the improvement must make the space more usable for the tenant.…
Net Realizable Value of Inventory: Definition & Method Video & Lesson Transcript
ContentModule 8: Inventory Valuation MethodsTable of ContentsExample 2 - Calculating the NRV of an accountWhat Is Meant by Net Realizable Value of Accounts Receivable?Net Realizable Value(NRV) Formula
So, the company performs an NRV analysis…
Bank Reconciliation Journal Entries
Therefore, the bank reconciliation process should be carried out at regular intervals for all of your bank accounts. This is because reconciling the cash book with the passbook at regular intervals ensures that your business’s cash records…
Gross Revenue vs Net Revenue Whats the Difference?
In this context, “sales discounts” doesn’t refer to sales promotions, promotional discounts or rebates and seasonal offers, it only applies to the early payment discount. The exact terms of a discount vary from company to company, but…
What are Retained Earnings? Guide, Formula, and Examples
If each share is currently worth $20 on the market, the total value of the dividend would equal $200,000. The two entries would include a $200,000 debit to retained earnings and a $200,000 credit to the common stock account.…
When to capitalize interest
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. Once you have viewed this piece of content, to ensure you can access the content most relevant to you, please confirm…
Wave Security Check-in
Get support from Wave’s team of bookkeeping, accounting, and payroll experts. This feature is perfect for those who are just getting started with accounting. The best part of Wave advisors is that they are available year-round and will provide…
Do I Need a Personal Accountant? A Guide for Small Business Owners
Most college kids don’t have assets to their name, nor do they have any income. However, people who are preparing to send their birdies flying off into the world of college need to make sure that their kids are financially “clean” and…