Going Concern

MARCH 21, 2023

note: the following is a guest post by Jack Castonguay, PhD, CPA, who has not yet been replaced by ChatGPT as far as we know. Was ChatGPT sent to us from the future to rescue the industry from the pipeline crisis by filling open accounting jobs with cyborgs and sentient machines? Your senior is probably not a synth.

accountant 115

accountant accounted Account tax return 115

Basis 365

MARCH 30, 2023

Basis 365 was created to deliver a unique, outsourced accounting experience to small businesses by providing a virtual accounting department using cloud-based accounting applications. CPA firm : CPAs are generally going to be the most expensive option. DO THEY PERFORM ACCRUAL ACCOUNTING?

accrual accounting 52

accrual accounting accountant accounted Account 52

Snyder

AUGUST 10, 2022

” COGS is also an accounting term under U.S. Generally Accepted Accounting Principles (GAAP) that requires businesses to apply certain inventory costing principles. Cost of goods sold is sometimes called “ cost of sales.”

E-commerce 52

E-commerce accountant accounted Account 52

Ronika Khanna CPA,CA

JUNE 23, 2023

A bad debt, in accounting terms, refers to an amount charged to a customer that is never paid. It is frustrating, stressful and disheartening, while attempts to collect are an unproductive use of time and can have a significant impact on cash flow, particularly if you are unprepared.

quickbooks 52

quickbooks accountant accounted Account 52

Ronika Khanna CPA,CA

JULY 7, 2023

The accounting term for the same concept is depreciation (or amortization). The difference between accounting and tax is that while there are many depreciation methods that can be used for accounting purposes, the calculation for CCA in Canada is generally based on what is referred to as the “declining balance method” (see below).

accounting and finance 93

accounting and finance Tax accounted accountant 93