They are primarily responsible for overseeing all finance functions to ensure the financial health of your organization. If you’re considering outsourcing all your finance functions to a single individual, let us be the first to tell you that’s not the way to go. Working with talent from different parts of the world can become complicated …

Hence, this journal entry will also result of reducing the net sales revenue and total assets of the company. When sellers want to discount the buyer’s price, they can only do so at the invoice level. It created confusion in the seller’s books of account when he was required to track back the particular product, …

Provide managerial finance all relevant documentation such as proof of payment and the reason for the refund request. Refunds are processed on a case-by-case basis, and approvals are not guaranteed. Franchise Taxes and annual Reports are due no later than March 1st of each year. At any moment, executives or team members may own public …

Salvage value is a critical concept in accounting and financial planning, representing the estimated residual value of an asset at the end of its useful life. The Financial Accounting Standards Board (FASB) recommends using “level one” inputs to find the fair value of an asset. In other words, the best place to find an asset’s …