This process is crucial for maintaining the integrity of financial records and ensuring that the company’s financial position is accurately reflected. The journal entry created should reflect the necessary adjustments to the Opening Balance Equity and ensure that it balances to zero, effectively clearing any remaining discrepancies. Once the journal entry is made, it will […]

Submit your CPE certificate to the National Association of State Boards of Accountancy (NASBA). Visit the NASBA website to learn how to submit your CPE certificate. Use the Search Function quickbook proadvisor training (CTRL+F) in your PDF to help you navigate to the relevant parts of the exam. And also use the demo company to […]

By ensuring the software fits your needs, you can be confident that it will serve your agency effectively for years. details and stages of accounts payable process As CFOs ourselves, we know how critical and difficult it is to make the right decision when selecting software. Learn how we stay transparent, read our review methodology, […]

For example, companies must issue to their partners K-1s that provide details on their share of yearly earnings, their share of dividends and interest earned from the investment and other information. If you’re involved in a partnership or are considering entering one, you may want to consult a legal advisor to make sure you have […]

Today, we’re here to provide you with all the information you need about stale-dated checks. Whether you’re waiting on a vendor to cash a check or recently came into an old check, you’ll find out how to handle it in this article. Make sure to cash your federal tax refund check no later than a […]

We are the trusted, independent resource for businesses of all sizes to explore, initiate, and embed outsourcing into their operations. There’s a lot of hidden costs invested in a product by the time you sell it. The obvious downside to outsourcing is that you cede control over the process. However, this can be mitigated significantly […]

In the past, customers could choose between annually renewing plans and single-purchase software with a license that stayed valid for three years. If you purchased a Desktop Pro plan in 2021, your software will still work until 2024—but new customers who bought the 2022 software version can only choose annual subscriptions. However, if you’re not […]

Sage Intacct comes at a higher cost compared to other accounting software options, which can make it less attractive to smaller businesses. For fast-growing or medium-sized businesses, however, its customizability, scalability, flexibility, and robust functionality as an ERP tool can provide a high ROI. While accounting software can improve your business, you must understand that […]

As the venture capital ecosystem in New York has grown, so has Kruze’s NYC client base. Per PitchBook data, New York City startups continue to raise ever-bigger amounts of VC funding at ever higher and higher valuations. A http://www.out-football.com/tag/dzhek-roduell qualified tax CPA like Kruze can likely help these companies save millions per year in payroll […]

Premier used far more cash (a current asset) to pay for purchases in the 4th quarter than in the 3rd quarter. When Premier increases the AP turnover ratio from 5 to 7, note that purchases increased by $1.5 million, while payables increased by only $100,000. To determine the correct KPI for your business, determine the […]