Finally, surprise petty cash counts should be made to maintain good internal control over the fund. Another entry to petty cash is not made unless the firm wants to increase or decrease the fund above or below $100. The check is cashed and the money is placed under the control of one designated individual. Finally, […]

I was looking for a software partner that I could build my practice on and Xero were the ones who showed me they wanted to be that and had a plan to make it happen. Being an accounting software, Xero releases new product updates and is installed simultaneously when you log in. As an addon, […]

The company offering remote accounting services recognizes the significance of security and data privacy when dealing with highly confidential financial data. They usually adopt a variety of security procedures to ensure the safety of customer data. In today’s fast-paced and competitive business world, companies are constantly looking for innovative ways to streamline their financial processes. […]

Employers can opt to do a mixture of methods, too, such as giving employees the choice between receiving a check or direct deposit. Before running payroll, you need to categorize your employees correctly. Before you begin running payroll for employees, check into your options for workers’ compensation coverage. Another way to facilitate HR-payroll relations is […]

Debt is a type of finance raised by a company from various institutions and individuals to fulfill its long-term goals and objectives. Debt can be characterized by repayment and a fixed interest rate, i.e. the amount raised is repaid to the lender within a fixed duration and fixed interest on the sum is provided to […]

Debt is a type of finance raised by a company from various institutions and individuals to fulfill its long-term goals and objectives. Debt can be characterized by repayment and a fixed interest rate, i.e. the amount raised is repaid to the lender within a fixed duration and fixed interest on the sum is provided to […]

Not only do they provide the same bookkeeping services as an in-person service, but they also have the added advantage of being able to handle an increase in workload as the business expands. This also means bookkeeping services can easily expand to serve clients across the country, or even internationally. To this end, clear communication […]

LIFO, or again “Last-In, First-Out,” applies to more than just stocks and other holdings inside a brokerage account. As we mentioned earlier, non-qualified annuities also fall under the LIFO principle. That can be good to keep in mind as you are planning out your retirement income and how different sources of income are taxed. You […]

On the East Coast, the New York office had a holiday lunch with a surprise VIP guest (Mr. Anant Yardi) at Benjamin Steakhouse, and the Long Island office had a holiday party at Crest Hollow Country Club. Scottsdale, Minneapolis, Salt Lake City, and Boise had fun competitions with games, golf and basketball. In Texas, the […]

The company offering remote accounting services recognizes the significance of security and data privacy when dealing with highly confidential financial data. They usually adopt a variety of security procedures to ensure the safety of customer data. In today’s fast-paced and competitive business world, companies are constantly looking for innovative ways to streamline their financial processes. […]