The insights provided here are essential for any real estate investor looking to understand the benefits of solid accounting practices. GAAP is a collection of accounting principles widely accepted in the U.S. Adhering to GAAP ensures standardized financial reporting for real estate businesses. It provides a framework for recording and presenting financial information. What happens to depreciation when selling a…

If you live in California, New York, Texas, or Florida, where local laws go beyond federal requirements, you’ll want to be especially diligent. Businesses that offer health insurance, dental insurance, retirement savings plans and other benefits often share the cost with their employees and withhold it from their pay. Depending on the type of benefit and the regulations that apply to…

An insurance expense occurs after a small business signs up with an insurance provider to receive protection cover. The Accepted amount was designed to make it extremely easy to manage revenue for accrual accounting. It is also used by Enter’s Automation Engine to determine when a claim is underpaid or denied and will trigger Automation Apps like reconsiderations or appeals.…

This includes changing our annual tax organizers to a digital format, digitizing interoffice communications, and using email services in lieu of mass mailings. We believe a paperless work environment and other measures are important to support and protect the environment. Been a while since we’ve ranked anything, thankfully Grocery Store Accounting Portland Business Journal came in clutch today and gave…

Effective cash flow management is an ongoing process that requires attention and proactive planning. By implementing these strategies, you can ensure that your painting business maintains a healthy cash flow, allowing you to focus on your creative work without financial stress. Remember that handling taxation is a crucial part of running a successful painting business. Establishing a robust documentation system…