Overtime Calculator to Calculate Time and a Half Rate and More
The FLSA requires employers to keep records of payments to employees, including overtime pay. In the case of an audit,...
Transitioning to In-House Billing for Mental Health Services
If you are struggling to find out the place of service code or modifier to use for your insurance claims,...
Fundamentals for Nonprofits Nonprofit Finance Fund
Accurate and timely recognition of revenue sources, as well as thorough documentation of fundraising efforts and donations, ensures financial transparency...
After consent judgment, IRS search: Business clients tell Factfinder Wichita bookkeeper failed to file their taxes
No matter the size of your business, keeping accurate financial records, handling invoices, and preparing for tax season can be...
Balance Sheets 101: What Goes on a Balance Sheet?
If the left side of the accounting equation (total assets) increases or decreases, the right side (liabilities and equity) also...
What is a Contra Account?
Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and...
Accounting Rate of Return ARR Definition and Formula
Depreciation is a direct cost that reduces the value of an asset or profit of a company. As such, it...
Negative Shareholders’ Equity: What Does It Mean?
Over time, a company will earn revenue and, hopefully, generate profits, which it can use to pay down its liabilities,...
Closing Entry Definition, Explanation, and Examples
By leveraging automated systems, businesses can ensure that all tasks related to closing entries are handled seamlessly, reducing manual effort...
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