For instance, imagine a company that manufactures wooden tables sells 10 tables that cost $1,500 to a new local restaurant. The restaurant manager pays $500 in cash and promises to pay the remaining balance after one month. At this stage, and if…

Forward planning and mitigation of anticipated hurdles are key to a successful career in PR. Anticipating issues before they arise prevents delays.Timeliness is essential to clients and effective project management skills are a must-have. A PR specialist is someone who helps brands nurture a positive image for the public by creating, planning and executing…

Auditors assess the should opening balance equity be zero valuation and completeness of these records, ensuring that the equity balance is reflective of the company’s true financial state at the point of transition. They also evaluate the company’s internal controls surrounding the…

Employees feed this information into a continually adjusted database that tracks each change. The automatic, or perpetual, updating of the inventory is what gives the system its name and differentiates it from the periodic approach. Remember that under FIFO, periodic and perpetual inventory systems will always give you the…

Accountants will be key to helping fuel local business and economic prosperity. Your clients will love the benefits of QuickBooks Online, including less data entry, secure file transfers and collaboration with you, right in their books. Access resources to help you identify the right clients and tools to help migrate them…