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Independent contractor vs employee, what does it matter? Thomson Reuters

Independent contractors don’t require training since the client hires them for their expertise. And since these business relationships are usually short-term and the company is only a temporary client, the independent contractor is unlikely to require a structured onboarding process. None of these provisions independent contractor vs employee for employees apply to independent contractors, who […]

Construction In Progress Accounting

You should pre-screen CIP-related invoices when they are first entered into the system, so that items to be expensed are charged off at once. They should NOT be stored in the CIP account; otherwise, there is a considerable risk that expensable items will not actually be charged off for some time. However, you must know […]

Online Bookkeeping Services for Small Businesses Bench Accounting

The Business plan starts at $125/month for tax planning and advice but to get business or personal tax preparation you’ll need a Corporation plan at $225/month. Bookkeeping services are available on the Enterprise plan with costs $375/month. At my company, one of the specific things we teach accountants and bookkeepers who want to run a […]

Financial Ratio Analysis List of Financial Ratios

Comparing financial ratios with that of major competitors is done to identify whether a company is performing better or worse than the industry average. For example, comparing the return on assets between companies helps an analyst or investor to determine which company is making the most efficient use of its assets. The ratios are used […]

Debt-to-Equity Ratio: Definition, Formula, Example

It is a measure of the degree to which a company is financing its operations with debt rather than its own resources. The term debt ratio refers to a financial ratio that measures the extent of a company’s leverage. The debt ratio is defined as the ratio of total debt to total assets, expressed as […]

Best 30 Bookkeeping in Gilbert, AZ with Reviews

Base today’s finances to make informed decisions on tomorrow’s outcome. Lohman Company, PLLC, is a CPA and business consulting firm that has been serving Gilbert, Mesa, and the surrounding areas for more than 21 years. It specializes in tax planning and compliance, mergers and acquisitions, operational accounting, and project management. The firm has clients from […]

Exempt vs Non-Exempt Employees FLSA Exempt

Whether it’s better to be exempt or non-exempt depends on individual circumstances and preferences. Some employees may prefer the stability of a set salary and benefits, while others may prefer the opportunity to earn more money through overtime pay. Ultimately, it’s important https://adprun.net/ for employees to understand their job duties and compensation structure to make […]

Perpetual vs Periodic Inventory Systems: Differences and Which Is Best

Companies often perform inventory audits for more rigorous inventory system management. Businesses that don’t need current inventory status instead it’s enough to keep tracking inventory in period periods and can use a periodic inventory system. It works well for having a small number of inventory transactions looking to keep costs low. Under periodic inventory systems, […]

ACCRUE Synonyms: 33 Similar and Opposite Words

This connection may be general or specific, or the words may appear frequently together. From this time, by the help of these machines, immense and incalculable riches will accrue to the https://simple-accounting.org/ nation. The fines accrue thousands of dollars in interest every week. Subscription services, however, retained almost three-quarters of the extra viewing they had […]

What does negative cash balance mean and how to show it in Balance sheet

When you’re trying to show a negative amount of money, there are some formatting styles you need to know. This article will explain all the relevant information that should help you to write negative currency better in your text. If you don’t have an accountant yet, you can visit the website Find a Pro Advisor Accountant to […]