In this example, the $85,200 total is the net realizable value, or the amount of accounts anticipated to be collected. However, the company is owed $90,000 and will still try to collect the entire $90,000 and not just the [...]

In a competitive business landscape, customer satisfaction is paramount. And effective backlog management is instrumental in delivering exceptional customer experiences. An item is added to the backlog management list if it is valuable a stakeholder. The backlog could be [...]

You can upload expense receipts in bulk, categorize them according to the appropriate expense account, and then submit them for approval. Nonetheless, Plus has an advanced job costing capability, which is helpful for construction and contracting firms. If comparing [...]

The expense ratio is combined in practice with the loss ratio to give an insurance company’s combined ratio. Compounding these pressures, the economic impacts of the COVID-19 pandemic are becoming more widespread each day, with limited clarity as to [...]

The impact of AI in accounting will be colossal as the accounting profession will undergo a huge technological transformation. But most of the features like automation, enhanced accuracy, effective data handling, security, etc., that this technology entails will positively [...]

And, record new equipment on your company’s cash flow statement in the investments section. Luckily, the IRS recognizes this and allows you to deduct up to $5,000 of these start-up expenses in the year your business begins. Any money [...]