Bookkeeping

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 …

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. …

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 …