Posts by abike wesey

Automation in accounting holds the promise of reducing human error, streamlining complex tasks, and providing real-time financial insights. This shift is essential for companies aiming to stay competitive in an…

Businesses must regularly review and update their calculations to ensure they are making informed financial decisions. Seasonal businesses often experience demand fluctuations, impacting the breakeven point calculation. Companies must consider…

During your account setup, choose your preferred income and expense reporting method, which can be cash or accrual accounting. unearned revenue Expense tracking is essential for small business financial management,…

This means that the taxpayer must be able to identify and demonstrate any errors, as the IRS won’t do their own checks. In some cases, the IRS may be willing…