Chuyên mục: Bookkeeping
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Each year we like to meet with our accounting clients to assess their businesses and develop plans for growing them. As a client, you receive the expertise of a personal account manager as well as our team of CPAs. This team will produce monthly financial reports that provide the information you need to make informed
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The cost-to-retail ratio determines how much your inventory costs in relation to the retail price. You have to manage employees, build staff schedules, implement marketing strategies, and keep an accurate count of your store’s inventory to ensure you don’t run out of any products. Furthermore, you must ensure you aren’t losing money on sales by
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The FASB issued its exposure draft of targeted improvements in September 2016, and is currently redeliberating based on the comments received. There are benefits for companies that take advantage of this opportunity to gain new insights from data analysis and reporting and to improve process efficiency. With a change of this magnitude, companies should be motivated to
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This type of invoice is always sent before a formal invoice and is more of an estimate or informal quote, than it is an actual invoice. The terms in a pro forma invoice can also be adjusted as a project progresses, but they are always a helpful tool to ensure everyone is on the same
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If your firm doesn’t have a bookkeeper on staff, it’s likely they take up a significant portion of your time. Essentially, they function as an off-site accounting department, supporting the company in analyzing and enhancing its accounting operations for efficiency. Fraud is a sensitive aspect that should be taken seriously, especially in the financial sector.