To begin with, the practice of window dressing introduces a distortion in the accurate representation of a company’s financial performance and position, so impeding investors’ ability to make well-informed judgments. Thr...

Charge for a one-time compliance audit or ongoing site maintenance; you can schedule recurring invoices or send them manually whenever you need to. Know at a glance what’s happening with every invoice so you can take the...

Your supply chain can suffer when there are inaccuracies in your inventory records. Your records may show plenty of stock when there’s could be practically no stock in the warehouse. This is why it is imperative to plac...

As sales discounts reduce sales figures from actual revenue, the reduction must be reflected appropriately in the account books. EXAMPLE 2 J Co sold goods to another customer with a list price of $8,000. Similar payment ...

SaaS providers offer on-demand web-based applications managed by a third party to improve the productivity of expense management. All expense receipts attached to expense claims are stored in a secure and searchable clou...

QuickBooks is arguably the most popular accounting software option available, but it isn’t the only solution. Other solutions are available that are less expensive, easier to use and offer features that QuickBooks does n...

For example, if a large copying machine is leased by a company for a period of 12 months, the company benefits from its use over the full-time period. Instead, they provide value over time—generally over multiple account...

Suzann M. Woodward, CPA is a Boerne-based accounting firm composed of experienced professionals who provide accounting, tax, and bookkeeping services. The bookkeepers in this firm are knowledgeable in handling bookkeepin...

If the original installment sale produced ordinary income, the disposition of the obligation will result in ordinary income or loss. If the original sale resulted in a capital gain, the disposition of the obligation will...