Bookkeeping

6.1   Customer shall protect and maintain the confidentiality of all Confidential Information disclosed by JHA MC to Customer under this Agreement and comply with the security procedures described in this Agreement and in any JHA MC policies and procedures communicated in writing to Customer. Customer acknowledges that the purpose bookkeeping and accounting all of these […]

Audit report is very important for both the shareholders and other stakeholders as it not only provides confidence in the company’s financial statements but many other benefits as listed below. The Document Request List or Evidence Request List, often abbreviated to “Request List” or “RL” is one of the central documents of any audit. Unqualified

These accounts may feature exclusive rewards, characters, or skins from early game events, making them highly sought after by collectors and long-time fans. Legacy accounts often carry a sense of prestige and rarity, as the items they hold can no longer be acquired through regular gameplay. Many players choose to sell my game account if

In addition, continuous inventory taking is made possible because the systems maintain a running account that is updated with each sale or return. A firm may occasionally encounter product recalls, purchases return, and misplaced products in transit. However, there is no way to consider these unforeseen changes with the periodic inventory. Characteristics of the Perpetual

If total revenue minus total operating expenses is a negative number, this is considered an operating loss. A business’s cost to continue operating and turning a profit is known as an expense. Some of these expenses may be written off on a tax return if they meet Internal Revenue Service (IRS) guidelines. For information pertaining

That is because the bad debt expense was recognized when the company recorded the estimated uncollectable amount in the period of respective sales recognition. So, bad debt expenses are only recorded when the company posts the estimates of uncollectable balances due from customers, but not when bad debts are actually written off. This approach fully

Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts. You can think of them as resources that a business controls due to past transactions or events. Liabilities are owed to third parties, whereas Equity is owed to the owners of the business. However, equity can also be thought of as investments into the

You should regularly review your financial records and consult with a tax professional to ensure that you are setting aside enough funds to cover your tax liabilities. As a sole trader, you must pay personal income tax on all business profits at the applicable individual rates. When filing individual tax returns, your taxable business income

Here’s cash surrender value of life insurance balance sheet classification a new philosophy in the marketplace about life insurance, and we believe it warrants a change in the accounting method used for this popular investment product. Traditionally, life insurance has been viewed as a legacy paid to designated beneficiaries after the insured’s death. But in

The company served the Southern California area for more than 30 years. If you run a small business, then you will have a dedicated bookkeeper to help you manage your books. You will also enjoy access to the company’s mobile applications and client portal. We work closely with small business owners to understand their specific