What accounting advisory services should firms offer?

Based on your company’s lifecycle, there will be times you want to ramp up services as well as be able, easily, to more narrowly tailor them. Your dedicated team keeps pace with any manner of services you need, no questions asked. Throughout your marketing campaigns, it’s important to establish your firm as an authority and […]

How to report an inventory write down

This predicted drop in inventory value is credited to a separate contra asset account (i.e., inventory reserve or allowance for obsolete inventory) which offsets the inventory line item in the balance sheet. The journal entry above shows the inventory write down expense being debited to the Loss on inventory write down account. If the inventory […]

How to report an inventory write down

This predicted drop in inventory value is credited to a separate contra asset account (i.e., inventory reserve or allowance for obsolete inventory) which offsets the inventory line item in the balance sheet. The journal entry above shows the inventory write down expense being debited to the Loss on inventory write down account. If the inventory […]

Arm’s Length Transaction Definition, Example

An arm’s length transaction often guarantees that the property will be sold at a price that is as close to its fair market value as is practical, assuming that both parties have equal knowledge about the subject property. Arm’s length transactions are transactions wherein the buyers and sellers to the transaction have no prior relationship […]

12 Best Columbus Bookkeeping Services

We do more than manage your financial books – We will provide trusted financial results and expert analysis targeted to your specific goals, so you can get the information you need each month without sacrificing your limited time. With timely & accurate numbers, you can focus on what you do best – growing your business. […]

Capitalize: What It Is and What It Means When a Cost Is Capitalized

In this guide, we explain how to capitalize when writing and cover all the English capitalization rules. We also share a list of what words need to be capitalized and provide a few capitalization examples. Capitalization can refer to the book value of capital, which is the sum of a company’s long-term debt, stock, and retained earnings, […]

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