Check with a tax professional about the best strategy for you and the forms you’ll need. The basis is generally the purchase price of the asset plus any capital improvements and costs of sale. If the cash received is greater […]
Continue ReadingHowever, bookkeepers will face pressure from automation and technology that will reduce the demand for such workers. An Accounts Receivable Clerk specializes in processing payment records and bill statements of a company or organization. The differences between Accounting Bookkeepers and […]
Continue ReadingIn the financial statements the purchases account would be offset against the contra expense accounts to show the net purchases. The following are examples of contra expense accounts used in double entry bookkeeping. Contra equity reduces the total number of […]
Continue ReadingIn this post, we’ll provide you with an in-depth understanding of why companies choose stock buybacks. With this, you’ll understand why publicly traded companies choose to do share buybacks and how it impacts the investors. Annabella Gualdoni has written newsletters […]
Continue ReadingTo monitor expenses and cash flow, our team tracks and records all credit card charges and bank transactions. Hiring an in-house accounting department takes considerable time, effort, and resources, but Financial Advisory Systems, PLLC is just a phone call away. […]
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