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Bookkeeping

TOP 10 BEST Bookkeeping Services in Phoenix, AZ February 2024

He or she will ensure that you have access to the software and reports you need. However, you should ensure that you hire a bookkeeper whom you can place trust in. With access to 1M+ customer reviews and the pros’ work history, you’ll have all the info you need to make a hire. You can also ask an accountant to …

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Why Business Budget Planning Is So Important

In fact, there are some easy-access resources out there to lighten the load for you. It’s worth exploring some of the budget apps designed to help you through the process. Now, to be clear, I have experienced what it’s like to live paycheck-to-paycheck, buried in debt, and barely making ends meet. However, if you’re anything like me, saving money isn’t …

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23 Accounting Security Tips to Keep Your Firm Secure

Did you know that 30% of Internet users experienced a data breach due to a weak password? That’s because people still use passwords like ‘123456’ or ‘qwerty’, which is absurd in 2023. Rebuilding trust after a data breach is a challenging task (if not outright impossible). The long-term consequences extend beyond client relationships, impacting partnerships, business opportunities, and overall growth. …

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Commitments and Contingencies Overview, Benefits

Some examples of contingent liabilities include pending litigation (legal action), warranties, customer insurance claims, and bankruptcy. An entity must recognize a contingent liability when both (1) it is probable that a loss has been incurred and (2) the amount of the loss is reasonably estimable. In evaluating these two conditions, the entity must consider all relevant information that is available …

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