While a cash flow statement measures and reports on cash flow across a company, it can also pinpoint the specific area(s) where cash flow may be an issue. Below is the cash flow statement from Apple Inc. (AAPL) according to the company’s 10-Q report issued on June 29, 2019. This number is the sum of … Continue reading “Cost Method Guide to Accounting for Investments, Examples”
Read MoreThe purpose of the Owner’s Withdrawal account is to track the amounts taken out of the business without impacting the balance of the original equity account. Accounts receivable (A/R) has a debit balance, but the allowance for doubtful accounts carries a creditbalance. The difference between an asset’s account balance and the contra account balance is … Continue reading “Contra Account Nature, Purpose & Examples”
Read MoreYou can request and share documents with your clients directly in QuickBooks Accountant. From the gray gear icon (number 6), you can add a Tax column to your client dashboard, remove Payroll, and make other changes to optimize the client dashboard for your practice. This guide provides you with an overview of how to get … Continue reading “QuickBooks Online Accountant Review: Features & Price”
Read MoreTo our knowledge, research that directly investigates whether the productivity benefits of intangibles are influenced by the level of trust prevalent in society is still lacking. HighRadius offers a cloud-based Record to Report Suite that helps accounting professionals streamline and automate the financial close process for businesses. We have helped accounting teams from around the … Continue reading “What Is an Intangible Asset? A Simple Definition for Small Business With Examples”
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