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Account management and salespeople need to have open lines of communication. While the client’s questions and plans may touch multiple teams, the account manager is responsible for filtering communication from and to the client. For example, once a home loan…
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Any individual with a preparer tax identification number (PTIN) is eligible to file your income taxes on your behalf. However, this doesn’t necessarily mean they will be the best candidate to provide the help you need with your income tax…
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The operating section contains information about revenues and expenses of the principle business activities. The gross profit and the operating profit figures are calculated in the operating section of a multi-step income statement. All operating revenues are grouped at the…
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Similarly, under cash accounting companies record expenses when they actually pay them, not when they incur them. If Company C hires Company D for pest control on January 15, but does not pay the invoice for the service completed until…
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Build a team full of experts who work together, passing files from one digital desk to the next in an efficient and cost-effective workflow that saves time and maximizes cash flow. As a bonus, not only do you save money,…
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The resulting conclusions can set in motion plans of action that bear directly on the overall fate of the organization. Absorption costing is by GAAP because the product cost includes fixed overhead. It is not by GAAP because the fixed…
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Some people reinvest their dividends, meaning they use the proceeds to purchase additional shares and grow their portfolios. This kind of compounding is why dividends accounted for 42% of the total return of the S&P 500 from 1930 to 2019,…
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For an extensive explanation of prepaid rent and other rent accounting topics, see our blog, Prepaid Rent and Other Rent Accounting for ASC 842 Explained (Base, Accrued, Contingent, and Deferred). Under ASC 842 base rent is included in the establishment…
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After your work experience, your education section should provide a summary of your academic background. Employers are most interested in your hard skills and sector knowledge, so point this out wherever you can. You can include voluntary and freelance work,…
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The relationship (or the correlation) between the two variables is denoted by the letter r and quantified with a number, which varies between −1 and +1. Zero means there is no correlation, where 1 means a complete or perfect correlation….
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