Category: Bookkeeping

CIP accounting, or Construction-in-Progress accounting, is an essential aspect of accounting for businesses in the construction industry. It involves the management of financial transactions related to the construction of long-term assets, such as buildings and infrastructure. In the following article, learn everything you need about CIP Accounting with Viindoo Enterprise Management Software. Upon completion, the… Continue reading Effective CIP Accounting for Modern Construction Projects

As a result, projects or investments become less attractive because their potential profitability appears diminished when evaluated against a higher required rate of return. The time value of money is represented in the NPV formula by the discount rate, which might be a hurdle rate for a project based on a company’s cost of capital,… Continue reading Net Present Value NPV Meaning, Formula, Calculations

Professional bookkeepers offer expertise, experience, and peace of mind, making them an invaluable resource for businesses seeking to maintain accurate and up-to-date financial records. Hiring a professional for catch up bookkeeping services gives you peace of mind. Knowing that your financial records are accurate and up to date allows you to focus on your business… Continue reading Catch Up Bookkeeping Services Pricing: Understanding the Costs and Value 2023

This represents a pivot in thought and action, perhaps one that was long overdue. At IMA, we have been championing the need for finance and accounting professionals to move beyond the compliance mindset to engage as full business partners and as future-focused strategic planners who use data to anticipate the future. It is this future-focused… Continue reading Management Accounting Case Studies

As a result, a company’s book balance would be lower than the bank balance until the checks have been deposited by the payee into their bank and presented to the payor’s bank for payment to the payee. The advantages of book balance include robust financial controls, accurate reporting, and a comprehensive view of a company’s… Continue reading Reasons why the bank balance differs from the book balance

Even the most interesting job in the world has its share of mundane or repetitive work. This could be things like entering and analyzing data, generating reports, verifying information, and the like. Using an AI program can save humans from the boredom of repetitive tasks, and save their energy for work that requires more creative… Continue reading What are the advantages and disadvantages of artificial intelligence?

This reconciliation process helps to identify any discrepancies or errors that may have occurred during data entry or recording. It plays a crucial role in providing insights into a company’s liquidity and solvency, helping in evaluating its ability to meet financial obligations. It aids in identifying the sources and uses of cash, facilitating better financial… Continue reading How to run a Statement of Cash Flows

This guide explores the benefits, services, and trends in finance and accounting outsourcing. At G-Squared Partners, we’ve been providing outsourced accounting services for well over a decade. In that time, we’ve worked with hundreds of companies, so it’s safe to say we understand what separates a high-quality outsourced accounting firm from a low-end solution. Outsourced… Continue reading 5 Best Outsourced CPA Services for Startups