Category Archives: Bookkeeping

Businesses that experience seasonal fluctuations in demand can use factoring finance to access working capital during the off-seasons. This assessment is crucial as it determines the amount of loan that the business can secure. If the receivables are of high quality and the clients are likely to pay, the business can secure a larger loan. […]

Instead, the controller assumes that the units sold off are from the most recent inventory layer, which is the Year 2 layer. When combined with the $15,000 cost of the base layer, Entwhistle now has an ending inventory valuation of $34,800. Companies that use the dollar-value LIFO method are those that both maintain a large […]

If a company incurs an expense in one period but will not pay the expense until the following period, the expense is recorded as a liability on the company’s balance sheet in the form of an accrued expense. When the expense is paid, it reduces the accrued expense account on the balance sheet and also […]

For this guide, we reviewed 14 PEO companies for small businesses and narrowed the list down to our top nine recommendations. However, the best PEO company is the one that caters to your needs the most. That said, take some time to evaluate your business’s requirements to identify where you need help the most. A […]

This new Standard responds to investors’ demand for better information about companies’ financial performance. The use of IAS is not mandatory, but many countries and companies have adopted them as their own accounting list of ifrs standards or have converged their national standards with IAS. The IASB is an independent organization that was established in […]