However, you can also generate revenue from other activities, like the sale of plant machinery, etc. These reasons can include defective goods, excess quantity shipped, wrong items shipped, incorrect product…
As a result, businesses may make decisions that are not in their best interests. Lastly, tracking and controlling costs can be challenging if the standard costs are inaccurate. Companies use…
That’s why you need a reliable partner to buddy up with and slash your costs. A balance sheet is one of the financial statements that gives a view of the…
This process involves thorough scrutiny of financial records, such as double-entry accounting systems and ledger entries, to pinpoint any discrepancies that may indicate transposition errors. Utilizing automated reconciliation tools and…
Our team is ready to learn about your business and guide you to the right solution. Since the two sums will not match, it means that there is a missing…
Although the bill allowed for an accelerated schedule of future individual income tax rate reductions, the revenue conditions were not met for 2025, so the rate remains at 5.39 percent…
Divide the share price by EPS and you get a multiple denoting how much we pay for $1 of a company’s profit. In other words, if a company is currently…
The next and final step in the accounting cycle is to prepare one last post-closing trial balance. We’ll use a company called MacroAuto that creates and installs specialized exhaust systems…
Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial…
You might need forensic accounting if you suspect tax fraud or need auditing services. During a legal case, forensic accountants can provide the tax audit help you need. They look…