But don’t worry, they are not going to be those super hard-pushing-the-limits kind like you did earlier in the plan. Instead, they’re focusing on your goal pace so that you…

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. For comparison, consider the purchase…

TurboTax, a brand of tax preparation software, offers a tool called ItsDeductible that estimates the value of your noncash donations for you. Unless the total of itemized deductions exceeds the…

By quick inspection, we should observe that two numbers (3 and 4) appear most frequently on the list. Can we say that we have a tie because they both repeat three…

Assets might lose value more rapidly at the start or end of their useful life. May overstate depreciation expenses in early years and understate in later years. The straight-line method…

The configuration route establishes the sequence of the configuration groups, as they will be displayed to the user during the product configuration process. Define a configuration route that establishes the…

If all of this information sounds overwhelming, don’t worry—there’s a simple way to check your state’s rules. Just head to your state’s Department of Labor website to find out which…

Aligning a business’s fiscal year with its operational cycle can improve financial reporting by enhancing comparability in financial statements. When financial periods mirror the natural flow of business activities, stakeholders…

Set up online payment options for tenants to streamline the process and ensure timely payments. Create separate accounts for each property you manage within your accounting software. This allows you…

The allure of Non-GAAP metrics lies in their ability to highlight underlying business trends that might be obscured by standard accounting practices. However, the lack of standardized guidelines can lead…