Since ASI’s assets increase by $10,000 and stockholders’ equity increases by the same amount the accounting equation is in balance. The accounting equation remains in balance since ASC’s assets have…

Under the direct write off method, when a small business determines an invoice is uncollectible they can debit the Bad Debts Expense account and credit Accounts Receivable immediately. The allowance…

A specialized provider like Invensis offers advanced financial analysis and reporting services, using cutting-edge software to streamline processes and reduce manual errors. We focus on delivering accurate financial statements, ensuring…

From credit and banking to investing and mortgages, my aim is to simplify the world of personal finance and share tips for looking after your money. We can’t forget the…

Several loan-related costs require amortization to comply with accounting standards and accurately reflect financial performance. Loan origination fees, which cover the expense of setting up a loan, are a primary…

Empowering business owners and individuals in South Jersey and Philadelphia to feel confident through proactive accounting and advisory solutions. Often success or failure of your business is predicated on whether…

Effective communication, understanding each other’s business needs, and being willing to compromise are key elements in successful trade discount negotiations. When buyers take advantage of these discounts, they are often…

A month-end close checklist outlines all the important steps a company needs to take in order to achieve an accurate and timely month-end close. A checklist is the ideal way…

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After a couple CARES Act decades of progressive experience in different businesses, I understand accounting. I provide a calm, professional atmosphere that is tailored to YOUR needs as business. In…