Indianapolis eCommerce Accountant, Taxes & Bookkeeping Online CPA

For this reason, many turn to Client Accounting Services to address short- and long-term issues. The city’s business landscape spans a wide range of industries, showcasing its adaptability and resilience. Historically known for its automotive and manufacturing sectors, Indianapolis has diversified its economy to include finance, healthcare, technology, and sports-related businesses. The city is particularly […]

Preparing the Bank Reconciliation Statement 2 Methods

Regular ledger reconciliation fosters businesses to eliminate mistakes, stay compliant, and clearly understand their fiscal health. Then, deposits in transit are added, and outstanding checks are assets = liabilities + equity subtracted. The final figure should match the company’s adjusted bank balance, ensuring that the statement from your bank aligns with your internal records. To […]

Best Practices for Effective Cause Marketing Campaigns

The text should be easy to read and the contrast between the text and background should be high enough to ensure that the text is easily visible in distance and low-light conditions. Certain color combinations can be problematic, as well as certain fonts. To make sure it’s accessible for all, it’s recommended to stick to […]

HOA Accounting An in-depth Look at HOA Finances and Accounting

Your association is doing well and is bringing in more money than it owes. If equity is negative, it means that you should quickly reevaluate your finances. One of the most popular tools for creating an HOA balance sheet is Microsoft Excel. Excel templates can be customized to meet the specific needs of your HOA, […]

How to Record a Sales Journal Entry with Examples

41% of adults in the US have used “buy now, pay later” services in the past 12 months, and another 22% say they haven’t yet but could in the future. If there’s sales tax involved (because nothing is ever simple), you’ll need to include Sales Tax Payable in your entry. This is a fundamental aspect […]

What Are Accrued Expenses? Definition and Examples

Interest expense is typically reported on the income statement as a non-operating expense, separate from the costs directly related to the production or sale of goods and services. They are crucial to managing daily operations and must be carefully controlled to maintain profitability. Common examples include rent, utilities, salaries, administrative costs, insurance, and marketing. Like […]

What Is the Accrual Basis of Accounting?

Divide up tasks for approving, recording, and reconciling transactions to reduce mistakes and protect against fraud. This approach shows income in the month the service was provided, giving a clear view of September’s earnings. Accrual accounting is mandatory for any business grossing over $25 million a year. When you choose this method, you can stick […]