Government agencies are entrusted with the use of public funds for the good of their citizens. To help facilitate this, an independent organization known as the Government Accounting Standards Board, or GASB, was established to provide a set of accounting standards for governmental units. The focus of governmental funds is on current financial resources, which …

The beauty of our Accounts Receivable automation solution is in its flexibility. Xledger natively integrates with several other tools and platforms to provide a seamless workflow experience. Standout features of BlackLine include real-time risk profiling to help firms use existing data to gauge credit risk (and set credit terms). It also features automated collections management, …

Given that it is only a book entry, depreciation does not cause any cash movement and, hence, it should be added back to net profit when calculating cash flow from operating activities. This is because preparation of the entries requires analysis of multiple accounts. Moreover, the transactions resulting in cash inflows are to be differentiated …

Licenses are issued by state accounting boards and require additional actions and professional development hours to maintain. Earning an accredited accounting degree prepares students to pass the CPA exam and obtain licensure. Many CPAs also pursue a specialization, which may require additional training and credentials. Professionals can pursue this training through professional organizations and certificate …

The first thing you will need to do is to open a blank spreadsheet (Excel or Google Sheets is fine), you can check this Excel template for accounting and follow the 8 steps below. In addition to the hard numbers available, you should apply your industry expertise to consider new opportunities for your business to …

In fact, we recommend making multiple payment methods available because not all customers prefer to pay the same way. For instance, you can have credit cards as a main payment type plus alternatives for contactless payments and cash for very low-ticket payments, can ACH for larger amounts. We compared each provider’s pricing structure and awarded …

If an employee has a total of 20 vacation days and only uses 15 in a given year, they can carry over the remaining 5 days into the next year, subject to company limits. Or in case, vacation carryover is not allowed by the company’s policy, the remaining 5 days will simply expire. In fact, …