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December 14, 2022

Opening Balance Equity And Its Importance

Accounting software are gaining popularity rapidly, especially among small and large enterprises. However, there are a lot of accounts that are unfamiliar to business owners; one […]
December 9, 2022
Profitability Models

Profitability Models – How They Help In Forecasting The Future

“Startups don’t fail because they lack a product; they fail because they lack customers and a profitable business model.” -Steve Blank Profitability models matter regardless of […]
December 8, 2022
Cost Recovery Method

What Is A Cost Recovery Method

Cost recovery plays a crucial role when it comes to defining a business’s taxable income, and it can impact the decisions related to investment. To understand […]
December 7, 2022
Assets Depreciated

What Does IRS Say About Depreciable & Non-Depreciable Assets

Depreciation is a devaluation of an asset over a period of time. Your tangible assets like equipment, vehicles, building, furniture, and machinery are all examples of […]
December 1, 2022
Tax Invoices

A Simplified Guide To What Is Tax Invoice, Its Key Elements & Purpose

A tax invoice is a vital piece of evidence that a seller gave services or goods to a buyer. A customer can demand a tax invoice […]
November 23, 2022
Calculate Manufacturing Overhead Costs

How To Calculate Manufacturing Overhead Costs

It is not easy to manufacture something, and definitely not cheap. There are so many costs that go behind the manufacturing of a product that it […]
November 20, 2022

How Much Does An Average American Taxpayer Pay?

As per Self Financial, a financial technology company, Americans pay on average $525,037 each in taxes over a lifetime? Out of which about 65% is the […]
November 17, 2022
Questions to Ask an Accountant

Top 5 Questions To Ask An Accountant When You Want To Grow Your Business

Knowing the right questions to ask an accountant can put you at an advantage, whether you are an owner of a business or planning to start […]
November 16, 2022
Adjusted trial balance

How To Prepare An Adjusted Trial Balance | Step-By-Step

Before the advent of accounting software, all the financial statements and accounting tasks were managed manually. The process was called the accounting cycle. The most vital […]