Principles & Practices: “best practices” for nonprofits

Many of the problems can be traced back to a few quirks of nonprofit finance—in particular, the lack of fungibility and the amount of restricted money in many of the revenue streams for nonprofits. The Generally Accepted Accounting Principles—commonly known as GAAP—are a set of agreed-upon accounting standards that provide a framework for recording and … Read more

How and When Are Stock Dividends Paid Out?

The carrying value of the account is set equal to the total dividend amount declared to shareholders. To calculate a company’s accrued dividend, you’ll need to know the number of shares outstanding and the amount of the dividend per share. You can find these numbers on the investor relations website page for most publicly traded … Read more

Understanding Accounts Payable AP With Examples and How to Record AP

Accounts receivable turnover shows how quickly a company gets paid by its customers while the accounts payable turnover ratio shows how quickly the company pays its suppliers. The accounts payable turnover ratio is used to quantify the rate at which a company pays off its suppliers. Debits and credits are fundamental concepts in accounting, used … Read more

Economic Order Quantity EOQ: Definition, Formula, and Guide

The economic order quantity, or EOQ, is the optimal number of units a business should purchase when replenishing inventory while minimizing inventory costs that could eat into profit margins. The ordering costs are the costs that are incurred every time an order for inventory is placed with the supplier. Examples of these costs include telephone … Read more

Inference for Large Language Models Conference Sessions NVIDIA GTC 2024

Their priorities are to maintain consistency in how they record financial data and to make sure it’s accurate. Bookkeepers are integral to ensuring that businesses keep their finances organized. If you’re considering a career as a bookkeeper, then you might consider taking a cost-effective, flexible course through Coursera. While single-entry bookkeeping is simpler, double-entry is … Read more

Mastering Efficiency: Streamlining Tax And Accounting

So the issue is not just isolated to sharing information across the ocean or borders. By outsourcing fraud accounting, you can mitigate the risk of compromised security programs, data breaches, and even internal fraud. Did you know that businesses in the US are losing millions of dollars due to fraud? The responsibility of a forensic … Read more

QuickBooks Enterprise with Hosting, Cloud Hosting

This blog post will explore the key differences between hosting QuickBooks on a local server and hosting QuickBooks in the cloud. If you haven’t yet introduced cloud technology to your business on a large scale, the information here is highly relevant for you. Our team of highly trained professionals is available round the clock to … Read more

Small Business Tax Tips: What Business Owners Need to Know

An experienced accounting professional will help you look over your books, analyze your financial statements, and prepare tax returns. Accountants know which tax credits and deductions you may be eligible for. Most business owners must pay estimated taxes throughout the year. Sole proprietors, partners, and S Corp shareholders with a tax liability of $1,000 or … Read more