CSI Accounting & Payroll

OCTOBER 13, 2023

This means accounting for these elements to accurately reflect the work performed and expenses incurred, even if the cash transactions occur in different accounting periods. You also have to choose an acceptable accrual method of accounting for the contract - completed contract method (CCM) or percentage-of-completion method (PCM).

Accruals 98

Accruals Accounting Accounting Payroll 98

Less Accounting

SEPTEMBER 25, 2023

The goal of accounting is to provide insights into the financial health of a business to drive business decisions. Important Accounting Words to Know As you start learning about small business accounting, there’s a fair amount of new terminology.

Small Business Accounting 52

Small Business Accounting Accruals Bookkeeping Accounting 52

Nanonets

APRIL 4, 2023

Because of this, larger or more complex businesses and companies with shareholders will choose the other accounting method: accrual accounting. Under accrual accounting, you would record the income from the sale in January rather than February because that is when you actually earned money.

Small Business Accounting 52

Small Business Accounting Accruals Accounting Accounting 52

Counto

MARCH 24, 2025

Here are some articles you might find helpful: Cash Vs. Accrual Accounting: Which Method Suits Your Small Business? Ready to get started? Chat with us now, email hello@mycounto.com , or use our contact form.

Payroll 52

Payroll Deposits Accruals Small Business Accounting 52

Remote Quality Bookkeeping

JUNE 26, 2023

The term refers to the rules your business must follow when reporting revenues and expenses. The two primary accounting methods are cash accounting and accrual accounting. Hybrid accounting, as the name implies, is a mixture of cash and accrual accounting.

Accruals 52

Accruals Accounting Accounting Bookkeeping 52

Remote Quality Bookkeeping

JUNE 26, 2023

The term refers to the rules your business must follow when reporting revenues and expenses. The two primary accounting methods are cash accounting and accrual accounting. Hybrid accounting, as the name implies, is a mixture of cash and accrual accounting.

Accruals 52

Accruals Accounting Accounting Bookkeeping 52

Ontrack Bookkeeping

MAY 29, 2023

We’ll discuss how these principles can help you keep track of financial transactions, create accurate financial statements, and make informed decisions for your business. Why Are Accounting Principles Important for Small Businesses? Accounting principles are the foundation for any successful business.

Accruals 52

Accruals Financial Records Financial Reporting Accounting 52