Bookkeeping

Escalon Services offers a complete back-office solution that handles everything in financial operations through their all-encompassing approach to outsourced services. Their expertise covers many growth scenarios – from team expansion and capital raising to profitability optimization and exit planning. Every bookkeeping plan includes automatic burn rate calculations, which matter greatly for venture-funded startups. Here are […]

(The revenues were already reported as revenues in December when they were earned.) This $4,000 of receipts will be recorded in January and will increase the company’s Cash and will reduce the amount in Accounts Receivable. This period of time might be a week, a month, three months, five weeks, or a year—Joe can choose

At the end of an accounting period, the Allowance for DoubtfulAccounts reduces the Accounts Receivable to produce Net AccountsReceivable. A contra account hasan opposite normal balance to its paired account, thereby reducingor increasing the balance in the paired account at the end of aperiod; the adjustment can be an addition or a subtraction from acontrolling

There is no national certification for CPAs, so they must be certified in each state in which they intend to work. EAs prepare taxes, can stand in for you during an audit, and handle other business you may have with the IRS. Be sure to consider additional factors alongside salary when planning your professional path.

Reps, the last thing you’d want after spending the entire quarter closing deals is an incorrect commission payout. Leverage our RFP template to procure the right Sales Performance Management (SPM) solution for your business. Sell products directly to customers without the hassle of managing inventory or a storefront. Become a customer-centric shopping destination by offering

There are two circumstances under which it will be necessary to record the disposal of an asset. For the purposes of this discussion, we will assume that the asset being disposed of is a fixed asset. So, the company has a $2,000 loss on the sale. But if you sell it for more than your