by cynotex | Aug 11, 2023 | Bookkeeping
When procurement and finance departments don’t implement necessary control practices, they face the risk of employees making unapproved purchases in the company’s name that cost more than what was budgeted. Such purchases often include the most readily available items...
by cynotex | Jun 26, 2023 | Bookkeeping
When looking at your gross margin, benchmarking against averages in your industry gives you a more accurate picture of how you stack up relative to competitors. There is one downfall with this strategy as it may backfire if customers become deterred by the higher...
by cynotex | Oct 10, 2022 | Bookkeeping
Although the higher the retained earnings means more money can be reinvested back into growing the business, sometimes companies might reinvest more than they should. This happens when the company does not have enough profitable growth opportunities to pursue. Hence,...
by cynotex | Jun 3, 2022 | Bookkeeping
If not done correctly, your firm could face serious penalties and could even end in the disbarment of one or more attorneys within your practice. Educating yourself on what is an IOLTA account and what the requirements are for your state are vital first steps. Are you...
by cynotex | May 10, 2021 | Bookkeeping
This cloud-based software has a robust set of features that can be easily accessed online or through its mobile app. Here are the top eight bookkeeping and accounting software options to look into http://chemoemboli.ru/forum/1/2179 for your small business. Need to...
by cynotex | Mar 3, 2020 | Bookkeeping
ContentFor Every Transaction: The Value of Debits must = The Value of CreditsUse accounting softwareTraditional approachWho invented double-entry accounting?The Double-Entry Accounting System This means that every transaction must be recorded in two accounts; one...
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