The goal of the FASB is to create and enhance financial accounting and reporting guidelines that will give investors and other users of financial records valuable information. The SEC recognizes FASB as the authority for setting accounting standards for public companies. Its main goal is to give public companies the ability to establish and improve the … Continue reading “What is fasb: What is the Financial Accounting Standards Board FASB?”
I’ve been using Hiveage’s predecessor Curdbee for years, and Hiveage improves on Curdbee in every way. The interface is polished, fast, fluid and intuitive, and the amount of features available are pretty amazing. It will be my project management software for the foreseeable future, and the only one I recommend to clients and colleagues. Yes, … Continue reading “What is an invoice number: Invoice Number: Definition, Examples & Best Practices”
Colorado state law, for example, requires that employees receive paystubs from their employers at least once a month, which must list gross and net wages, as well as all deductions. A pay statement is a document that summarizes an employee’s gross pay, taxes and deductions, and net pay. It can be provided in printed format … Continue reading “What is a pay stub: What Is A Pay Stub & What Should It Include?”
Overall, Volopay is an ideal solution for businesses looking to streamline their business accounting processes. It provides an intuitive platform with powerful features that can help businesses to save time, money, and resources. In addition, Volopay’s system enables businesses to automate their payment processes. Companies can set up payment schedules, automate bank payments and reconcile … Continue reading “What are trade receivables: Trade Receivables: Importance, Formula & Types”
Accounts receivable are typically due within days and do not require any formal agreement or documentation between parties. Notes Receivables, however, involve an official document outlining the terms of repayment including interest rates and due dates. Accounting for the assigning or factoring of accounts receivable are topics that are typically covered in an intermediate accounting … Continue reading “What are notes receivable: Is Notes Receivable Credit Or Debit In Business?”
However, it is possible that some of the information is incomplete, incorrect, or inapplicable to particular circumstances or conditions. To do that, you’ll have to write the word ‘VOID’ in capital letters going across the front of the check. Make sure you use a black or blue pen with permanent ink, and if you have … Continue reading “Voided check: How to Void Check for Direct Deposit”
Therefore, it is crucial that you set times throughout the week to meet with your virtual accountant and provide them with the information they need. Did you know that the majority of small business owners spend more than 41 hours on tax preparation a year? If you are an entrepreneur or small business owner, you … Continue reading “Virtual accountant: How A Virtual Accountant Can Help Your Business”
Generally Accepted Accounting Principles (GAAP or US GAAP) are a collection of commonly-followed accounting rules and standards for financial reporting. Securities and Exchange Commission (SEC), include definitions of concepts and principles, as well as industry-specific rules. The purpose of GAAP is to ensure that financial reporting is transparent and consistent from one organization to another. … Continue reading “Us accounting: Generally Accepted Accounting Principles United States Wikipedia”
Personal Truck Service is a company focused on helping entrepreneurs in the trucking industry to succeed in their businesses. All the transportation companies need to file the fuel consumption Tax every quarter to keep operating without penalties. Save all the receipts of the expenses you have on the road and send them weekly. By the … Continue reading “Truckers bookkeeping service: 5 Best Trucking Bookkeeping Services”
