As a business owner, to be successful you have to meet every unique challenge while maintaining stable financial status. When we speak about business operations, people prioritize their work as per benefits they gain. It’s easy to guess which one holds the major interest, but when it comes to the backend, accounting is one of […]
Tag: <span>accounting services</span>
Accounts Receivable (A/R) refers to the money that a company is entitled from its clients. It is important to keep track of the large invoices in order to account for the profit earned and keep away from cash flow issues. At the end of the year, companies have to file tax, prepare financial statement, and […]
Every organization publishes the annual report of the preceding 12 month period at the end of fiscal year. This official report will be then sent to the respective shareholders and other prospective investors who may be interested in the annual performance details. The annual report defines numerous parameters and one of the important components that […]
Revenue recognition standards are changing, and the move will certainly affect organizations. But before we know the ‘how’ and ‘why’, it is very crucial to learn about the fundamentals. What do you generally understand by ‘recognizing revenue’? Generally, a company’s performance is assessed by its revenue. Revenue recognition is an accounting principle under GAAP, where […]
