Bookkeeping

October 20, 2022

Statutes of limitations for assessing, collecting and refunding tax Internal Revenue Service

As noted in FAQ 1, the IRS continues to accept input and plans to closely monitor the adjusting entries process and questions during the one-year transition […]
September 19, 2022

Invoice Number: What It Is and How To Generate One

However, if you regularly issue invoices, you should keep a consistent numbering system to ensure a systematic and effective invoicing management process. Most businesses (48%) handle […]
April 28, 2022

Accounting Profit: How to Calculate Profit or Loss on Income Statement

Accounting profit represents the business’s profit, including all the revenue and expenses allowable. This profit can be derived from the financial statements of the business. It […]
April 4, 2022

What is Burn Rate? How to Calculate Burn Rate

SHIB is poised for tremendous gain due to heightened burning, enhanced community involvement, and favorable market sentiment. Predictions are suggesting that should the current trend continue, […]