[ad_1] Hiring a bookkeeper can be an overwhelming process for many small business owners. Before you begin the search, it’s important to determine the type of experience and skills you need. Are you looking for someone to analyze the numbers for you and create a budget or do you really just need someone to data […]
[ad_1] If you are planning to have the U.S. Government as a client, you will need to have your accounting systems set up so you can handle their accounting requirements. Regardless of whether you are engaging in a plain vanilla contract or an SBIR grant, you will be required to negotiate fringe benefit rates, overhead
Accounting for Government Contracts – Fringe, Overhead and G&ARead More »
[ad_1] After developing five accounting firms from 1984 to 1994, I spent the next fifteen years assisting over 2,000 accountants develop and improve their accounting firms as a Practice Development Consultant. This experience showed that many accountants had implemented many marketing programs that fail. The primary reason most accounting marketing programs fail is because the
[ad_1] In the accounting industry, direct mail marketing can be very cost effective. CPAs and Accountants are fortunate to be in an industry where they are able to purchase a database, which provides precise information on potential clients. This makes marketing with direct mail a very cost effective approach to develop new clients. The first
[ad_1] Introduction: The Financial Accounting Standards Board (FASB) on August, 17, 2010 released their "exposure draft" requiring companies to record nearly all leases on their balance sheets as a "right to use" asset, and a corresponding "future lease payment – liability" . What does this mean to your business in layman terms? This proposal in
FASB Proposed Lease Accounting Changes – Impacts on Commercial Real EstateRead More »
[ad_1] If you’re starting to be convinced you need to hire an accounting firm for your business but think you still have a lot to learn about how doing so can help you, read on. An accounting firm can have anywhere from one employee up to a hundred, any of whom can practice with certain
[ad_1] Accounting is an information system which identifies, records, analyzes interprets and communicates the economic data of a financial entity. Accounting consists of three basic activities – it identifies, records, and communicates the economic events of an organization to interested users. Let’s take a closer look at these three activities. Identifying Economic Events: Many events
[ad_1] A tax accountant has been trained as an accountant and is able to inspect, prepare, and maintain financial records for a business or individual. However a tax accountants main focus is on preparing and maintaining tax information. Tax accountants also advise businesses about the tax advantages and disadvantages of certain business decisions. Accountants must
[ad_1] Since an accountant deals with money, that coming in and that coming out, the borrowed, the credited, the owed and the paid, it's not much of a stretch to realize that they also deal with bankruptcy. While we may know people who have declared bankruptcy or been in that position ourselves, some still may
[ad_1] There are three major functional areas in accounting, which need to be considered in modern day accounting for any business. The three are financial, cost and management accounting. The first area, namely financial accounting, is primarily useful for ascertaining the results of the business on a periodical basis; for example, one year. This will
Recent Comments