Bookkeeping

A significant portion of the form requires information on how the organization is governed, and specifically requests the names of its officers, directors, highly compensated employees and other employees who are involved with managing the organization. An organization that over-compensates its management may jeopardize its tax-exempt status with the IRS. Form 990 is the IRS tax form filed by...

In some cases, forecasted cost savings actually turn into higher costs if the two businesses fail to integrate properly. Workplace synergy is when employees work together to create a more productive working experience. This can include areas such as feedback, clearly defined goals, performance-based compensation, and overall teamwork to tackle problems that would be more impactful than if done...

I'm here to help you clear that from your Undeposited Funds account. Furthermore, generating reports can help verify if everything is accounted for accurately and keep all your entries intact. Visit me here again in the Community and keep me posted if you need further assistance with your deposits. You're unable to enter a negative amount when creating deposits....

As a result, most companies distribute a portion of total capital stock and reserve the rest. Total outstanding shares appear as the sum of all common and preferred shares on the company’s balance sheet. Share capital refers to the funds a company receives from selling ownership shares to the public. A company that issues 1,000 shares of stock at...

For instance, a company might show high FCF because it is postponing important CapEx investments, in which case the high FCF could actually present an early indication of problems in the future. For example, assume that a company made $50,000,000 per year in net income each year for the last decade. But what if FCF was dropping over the...

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The only journal entry needed for a stock split is a memo entry to note that the number of shares has changed and that the par value per share has changed (if the stock has a par value). This procedure is typically used by companies with low share prices that would like to increase their prices. A company may...

A balance sheet can be used to calculate several financial ratios. Liabilities are payments that a company is obligated to make in the future, such as loans or lease payments. They can be either current liabilities, which are due within one year, or long-term liabilities, which are due after one year. When a company loses money, the amount of the...

This list is sorted alphabetically (click any of the above names to go directly to the detailed review for that accounting firm). The Accounting Certificate provides a broad base of knowledge in accounting principles including how to compile, analyze, and prepare critical business and financial records. Given the international scope of the profession, Accounting concentrators or minors are encouraged to...

You can invite existing QuickBooks Online clients or create new ones within QBOA. Accountants receive special pricing discounts when they sign up small business clients to QuickBooks Online. When you add an accountant to QuickBooks Online, it allows overall management of accounting tasks for a number of companies all in one place. Accountants in QuickBooks Online can do...