Category Archives: Bookkeeping

Dividends tend to be most prized by relatively conservative investors who buy stocks for the long term, and by investors who value the regular income they provide. Dividend-yielding stocks are a component of most portfolios recommended by professional financial advisers. It is important to note that investors consequently more trust companies who continue to provide […]

Receive information about the benefits of our programs, the courses you’ll take, and what you need to apply. Bank of America is one of several banks that are doing away with the traditional fraud alerts that notify customers when transactions occur far from the customer’s home. Instead, the bank uses the location services that accompany […]

When a bond is issued at par, the carrying value is equal to the face value of the bond. The carrying value of a bond is not equal to the bond payable amount unless the bond was issued at par. Filing with our office serves to perfect a security interest in named collateral and establish […]

Its profits and losses are calculated separately from other areas of the business. This article looks at meaning of and differences between two different types of units of any business – cost center and profit center. On a very similar note, a company often decides to segregate out costs for a project or service-driven endeavor. […]

This also helps to limit the risks to consumers and financial markets as a whole. Many intangible assets are not presented on the balance sheet, unless they have been purchased or acquired. For example, a taxi license can be recognized as an intangible asset, because it was purchased. Also, the value of a customer list […]

Product-based businesses often track inventory using inefficient methods, including spreadsheets and pen and paper. QuickBooks’ new e-commerce capabilities are designed to help these businesses manage orders and inventory with more confidence and less work, which is critical especially during the busy holiday season. In fact, customers report they plan to spend 35% more than they […]

Their independence allows them to objectively assess the organization’s operations and provide valuable recommendations for enhancing efficiency and mitigating risks. Furthermore, external audit plays a crucial role in enhancing transparency and accountability within organizations. By conducting an independent review of the financial statements, external auditors help in detecting and preventing financial fraud and errors. This […]

Content What is an in kind donation letter? In-Kind Donations and the IRS Use grants to diversify your nonprofit funding. How to Write an Annual Fund Plan for Your Nonprofit in 7 Steps Corporate Donation Guide How to Secure In-Kind Donations for Your Nonprofit What are examples of in-kind services? For example, there are IRS […]

The organization, sometimes referred to as the “parent organization”, that holds a group exemption letter for one or more subordinate organizations under its general supervision and control. Answer “Yes” or “No” to indicate on line 2a or line 2b whether the organization’s financial statements for the tax year were compiled, reviewed, or audited by an […]

Assume for all the examples that you use a calendar year as your tax year. A quarter of a full 12-month tax year is a period of 3 months. The first quarter in a year begins on the first day of the tax year. The second quarter begins on the first day of the fourth […]