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What Is Deferred Revenue: Accounting Principles and Tax Treatment

inDinero Accounting

In this article, we’ll explain the GAAP-compliant method of reporting deferred revenue, provide bookkeeping examples, and explain how the practice will impact your taxes. Table of Contents Deferred Revenue Accounting Principles Why Use Deferred Revenue Reporting Over Cash Accounting?

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Intuit Shows Off New Tech and Features at Intuit Connect Conference

CPA Practice

Fueling Accounting Firm Growth Several new features and updates were announced to specifically help accounting professionals and their firms be more efficient and save time so they can focus on advising their clients to drive growth. These experts play a support role and don’t have access to the client’s books.

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The Importance of an Accurate Balance Sheet

Basis 365

It helps ensure that your financial statements are prepared by following generally accepted accounting principles (GAAP). Additionally, it provides the necessary information to accurately calculate your business's tax liability.

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The Playbook for SaaS to Convert from Cash to Accrual

inDinero Accounting

At the end of the day, you want to know how an accounting methodology that sounds like more time (i.e., Why recurring revenue needs double-entry bookkeeping. The accrual method is preferred by investors and business analysts, but what’s in it for your business? double-entry) and expense is of value to your future success?

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How do I choose what entity type my business should be?

Basis 365

Most business owners pick a type and never look back. You really should review this periodically as laws and tax code do change. The Statistics Surrounding Business Types Your business type determines more than just what business tax return you will file.

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Accounting for Startups

inDinero Accounting

We’ll cover the various services startups need from accountants and the things accountants look out for while doing their work. There are many good reasons for the way things work – GAAP (generally accepted accounting principles) has been honed for decades. Why do you care? Well investors care, for starters.

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Accounting for Startups

inDinero Accounting

We’ll cover the various services startups need from accountants and the things accountants look out for while doing their work. There are many good reasons for the way things work – GAAP (generally accepted accounting principles) has been honed for decades. It’s Time to Get Serious About Your Taxes. Bookkeeper.