ThomsonReuters

APRIL 6, 2023

It is an obligation to pay. Is accounts payable a liability? Consider this example: If your business purchases goods from a vendor and agrees to pay after one month, accounts payable is credited. Is accounts payable a revenue? Accounts payable are current liabilities that include the money a business owes to third parties.

Finance 52

Finance Technology 52

ThomsonReuters

APRIL 6, 2023

This includes products or services that are purchased and invoiced. Generally, when an invoice is received, it’s recorded as a journal entry and posted to the general ledger. Often these terms are 30, 60, or 90 days from receipt of the invoice. Is invoicing accounts payable or receivable?

B2B 52

B2B Technology Finance 52

Lighter Capital

JANUARY 12, 2024

Executive summary Think of the executive summary like a 1-2 page elevator pitch. In the real world it’s hard to imagine an investor sitting and reading a 30+ page business plan cold so don’t bother sending one at this point. The investors are good for 1-2 pages, at which time you get put into one of two piles.

Start-ups 105

Start-ups Finance Marketability Equity 105

ThomsonReuters

MARCH 14, 2023

Having immediate access to a federal tax research library gets the answers to get those projects completed, the invoices issues, and the accounts receivable fresh. No more clicking through ads, outdated links, and scrolling through pages and pages of unrelated or general information. Start your Checkpoint Edge free trial today!

Start-ups 59

Start-ups Marketability 59

ThomsonReuters

MAY 4, 2023

CPA firms should pay close attention to any signs that suggest they may be lacking in client scope. Ultimately, having a clear and detailed client scope agreement in place can help ensure that all parties are on the same page, which will reduce potential risks associated with projects and improve overall efficiency.

Start-ups 96

Start-ups 96

Farrel Fritz

AUGUST 14, 2023

Although their relationship was never reduced to a shareholders’ agreement, Rosenthal generally was a passive owner, trusting Erber to run the business and pay distributions whenever the Corporation had the cash available to do so. In 2004, Erber stopped paying distributions altogether, citing increased expenses and stagnant revenues.

Appraisal 52

Appraisal Fair Market Value Excess Earnings Method Discounted Cash Flow 52

ThomsonReuters

AUGUST 15, 2023

Communicate the value of your services to the client, so that they can clearly see why they are paying the price that they are. You can create secure client portals where you can share documents, messages, invoices, and feedback. Transform your business today with Practice Forward!

Accounting Firms 52

Accounting Firms Start-ups 52