by Treyfin_Dev | Aug 24, 2023 | Bookkeeping
Learn how stakeholder feedback influenced the Board’s technical and research agendas and standard-setting process as of June 29, 2022. The latest new accounting requirements under development will, at least initially, only apply to financial institutions. The FASB 157...
by Treyfin_Dev | Aug 23, 2023 | Bookkeeping
If your income rather than spending is the problem, look for a job that pays more, get a second job, or create a passive income stream (such as a money-making blog). For example, if a project budget runs over, it could end up costing you thousands of dollars. Aside...
by Treyfin_Dev | Jul 31, 2023 | Bookkeeping
You can’t include in medical expenses amounts for which you are fully reimbursed by your flexible spending arrangement if you contribute a part of your income on a pre-tax basis to pay for the qualified benefit. You can include in medical expenses amounts paid...
by Treyfin_Dev | Mar 22, 2023 | Bookkeeping
To determine when you should recognize revenue, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) presented and brought into force ASC 606. Get deep insights into your company’s MRR, churn and other vital metrics for...
by Treyfin_Dev | Jan 20, 2023 | Bookkeeping
Detailed insights are delivered via graphical reports and dashboards that display data in real-time. They provide comprehensive year-over-year income and expense comparisons. QuickBooks Online projects makes it easy for accountants to monitor the cost of every project...
by Treyfin_Dev | Dec 22, 2022 | Bookkeeping
This makes a metric much easier to understand than metrics without units, such as the current cash ratio. A good position depends on the industry average, but a current ratio between 1.5 and 3 is a good place to be. In comparison, an asset with lower liquidity would...
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