This can include releasing funds contingent upon reaching certain milestones or maintaining multi-year messaging aligned with the grantor’s mission. Recording these allocations demands meticulous accounting to ensure each dollar is accounted for and spent within the grant’s regulations. If a grant is determined to be conditional based on the criteria discussed above there would be […]
VAT vs US Sales Tax: Key Differences Explained with Examples The United States, despite being one of the world’s largest and most developed economies, remains an outlier when it This Tax Brings In Billions Worldwide Why There’s No Vat In The Us comes to its tax system. Unlike most industrialized nations, which have adopted a […]
Revenue Definition & Examples Operating Revenue and non-operating Revenue are the two main types of Income that contribute to a company’s total Revenue. They indicate Revenue by business activity, revenue definition timing, performance, and financial statement line items. Revenue is the culmination of a firm’s earnings from its core business activities—product sales and services rendered. […]
Current liabilities are the amount of money a company owes, such as accounts payable, short-term loans, and accrued expenses, that are due for payment within a year. Current assets, such as cash and equivalents, inventory, accounts receivable, and marketable securities, are resources a company owns that can be used up or converted into cash within […]
Our offerings range from basic bookkeeping to advanced CFO advisory. Explore our services, discover the benefits of working with us, and learn about why we love Denver. Hawks Bookkeeping LLC provides reliable, personalized bookkeeping services to help small and medium businesses gain financial clarity and peace of mind. Invoicing & Accounts Receivable It’s what makes […]
Based on 36% of postings with advertised compensation, the median hourly salary for open positions for enrolled agents in the United States is about $32. The role of an Enrolled Agent (EA) is a highly respected one in taxation, recognised by the U.S. An EA also has the privilege of representing clients before the IRS. […]
NNPC complies with Buhari’s directive, publishes 2020 audited financial statements Under the watch of the former GCEO, Mele Kyari, the company declared its 2023 audited financial statement in August 2024. In the 2023 report, NNPC declared a net profit of N3.3tn at the close of the financial year, which ended in December 2023. It was […]
CONTROL ACCOUNT Definition & Meaning Trade receivable for the period stands at $10000 in different debtors’ accounts, and trade payable stands at $ in different creditors’ accounts. Thus, the above accounts are regularly reconciled in order to ensure that the ending balance in the control account will match with the subsidiary account balance. This control […]
With outsourced bookkeeping, you free up time, cut costs, and gain access to expertise that scales with you. It’s not just about saving money—it’s about building smarter financial foundations. Simply put, outsourced bookkeeping means hiring a third-party team (or individual) to handle your company’s day-to-day financial recordkeeping remotely. If you’re looking to outsource bookkeeping services […]
First, determine each user’s role and base access and permissions on his or her job responsibilities. You can limit their rights to accounts payable records or give permissions to create transactions, while preventing them from completing transactions. However, too frequently, the set up process is rushed and these critical safeguards are overlooked. You should never […]