Content Definition of Cash and Cash Equivalents Reconciliation Methods for Cash Flow Statements in Compliance With GAAP Restricted Cash and Compensating Balances How to Reconcile Net Income and Cash Flow From Operations Petty cash funds must be safeguarded and recorded in order to avoid thefts. Often there is a custodian appointed who is responsible what […]
Content Join over 140,000 fellow entrepreneurs who receive expert advice for their small business finances Understanding Straight Line Basis Why should your small business calculate straight line depreciation? Straight Line Depreciation What Is Straight Line Depreciation in Accounting? For example, with constant use, a piece of company machinery bought in 2015 would have depreciated by […]
Content LABOR & EMPLOYMENT Florida Overtime Rates Employee Rights Regarding Time Worked and Wages Earned Administrative, Executive, and Professional Employees Updated Rules in Pennsylvania Will this regulation that goes into effect on August 5, 2022 change how I pay overtime to hourly employees? Additional Resources from the U.S. DOL Wage and Hour Division An employer […]
Content Accounting And Bookkeeping Similarities And Differences Whats Best For My Small Business? Understanding Bookkeeping And Accounting What Is Accounting? Our Team Values Why Accountants Hate Their Jobs Employment Change, Projected 2020 Bookkeepers prepare bank deposits by compiling data from cashiers, verifying receipts, and sending cash, checks, or other forms of payment to the bank. […]