Knowing exactly what type of transfer you’d like to make will help you decide whether a wire transfer or other EFT would be better for your needs. An electronic transfer, often referred to as an ACH (Automated Clearing House) transfer, is a way to move...
“We love the ability to work WITH our subs on our project management software instead of it being an in-house only product. There are a LOT of working points and a lot of tiny steps that are required to make certain workflows function properly. Once...
It is not merely a formality but a strategic tool that can prevent disputes and misunderstandings down the line. This involves assessing the current market conditions and comparing similar assets to determine a fair value. For instance, real estate might be appraised based on recent...
It is important for you to understand the concept of contribution margin. This is because the contribution margin ratio indicates the extent to which your business can cover its fixed costs. The contribution margin is 40% which means 40% of the total net sales revenue...
The book value is the value of the asset after all the depreciation has been accounted for. So, instead of showing the asset at the price you bought it for, you show its actual, current value. Now, let’s dive into how to record depreciation for...
It’s important to note that other comprehensive income is NOT included in the calculation of net income but is included in the calculation of comprehensive income (see the Wellbourn financial statements above). Since other comprehensive income is not included in the calculation of net income,...
We have a dedicated team of real estate specialists in taxation, credits and incentives, construction and development risk, digital technology and real estate enterprise resource planning (ERP) systems. Our real estate outsourced accounting team provides deep knowledge and advice when issues arise. Our client accounting...
Our accounting solutions adapt to your firm’s size and complexity, supporting your growth without disruption. Our meticulous approach to trust accounting eliminates errors, prevents commingling, and ensures strict adherence to fiduciary and regulatory requirements. Get the custom services and time-tested advice your law firm needs...
