Grant Terminology
A non-Federal entity that receives a subaward from a pass-through entity to carry out part of a Federal program; but does not include an individual that is a beneficiary of such program. A subrecipient may also be a recipient of other Federal awards directly from a Federal awarding agency. The definition of direct grant school […]
Going concern ACCA Qualification Students
Events or conditions arising after the reporting date but before the financial statements are authorized for issuance should be considered. IAS 1 states that management may need to consider a wide range of factors, including current and forecasted profitability, debt maturities and replacement financing options before satisfying its going concern assessment. US GAAP includes a […]
The 7 Best Accounting Apps for Independent Contractors in 2023
It’s ideal for contractors who need detailed financial oversight throughout their projects. I chose Acumatica because its project accounting tools allow you to track costs, manage budgets, and ensure profitability across multiple projects. You can automate billing, allocate labor costs, and monitor project expenses in one place. The software also provides detailed financial reports, helping […]
Construction Bookkeeping for Beginners: A Step-by-Step Guide
Accurate job cost accounting also allows you to analyze cash flow to ensure your project has enough funds to keep production moving forward. At Outbooks, we know how difficult it is to handle payroll for a construction company. With our specialized payroll processing services, you can be sure that your employees’ payments are prompt and […]
Construction Bookkeeping for Beginners: A Step-by-Step Guide
Accurate job cost accounting also allows you to analyze cash flow to ensure your project has enough funds to keep production moving forward. At Outbooks, we know how difficult it is to handle payroll for a construction company. With our specialized payroll processing services, you can be sure that your employees’ payments are prompt and […]
Bookkeeping & Tax Services
True tax support involves proactive planning to ensure you’re operating in the most tax-efficient way possible. A good firm provides comprehensive tax services that include not just preparation and filing but also strategic consulting throughout the year. They help you understand the tax implications of your business decisions, stay compliant with ever-changing regulations, and identify […]
What is a contra inventory account?
Accurate inventory valuation is crucial for assessing a company’s financial health, planning for future inventory needs, and satisfying stakeholder and regulatory requirements for transparency and accountability. A contra account is used to offset the balance of a related account and has an opposite balance. Contra accounts are typically used to show the credit balance of […]
Cash Flow From Investing Activities Explained: Types and Examples 2025
Below are a few examples of cash flows from investing activities along with whether the items generate negative or positive cash flow. There are more items than just those listed above that can be included, and every company is different. The purchase or sale of a fixed asset like property, plant, or equipment would be […]
Trial balance software, accountant’s working paper & financial statements
Automated audit logs reduce human error and improve the reliability of financial statements. Trial balance software provides extensive customization to meet diverse industry and organizational needs. These capabilities ensure financial reporting aligns with operational realities. They are not summarized on the Retained Earnings line for the reporting period . By accessing and using this page […]
Trial balance software, accountant’s working paper & financial statements
Automated audit logs reduce human error and improve the reliability of financial statements. Trial balance software provides extensive customization to meet diverse industry and organizational needs. These capabilities ensure financial reporting aligns with operational realities. They are not summarized on the Retained Earnings line for the reporting period . By accessing and using this page […]