Bookkeeping

The NOI is the property’s total annual income minus the property’s total annual expenses. Income includes rental income, as well as additional income from amenities like parking or paid laundry facilities. Expenses include What is bookkeeping property taxes, insurance premiums, maintenance, repairs, and vacancy losses. Importantly, any mortgage (principal and interest) is not included in […]

Technology is the driving force behind most (if not all) of the abovementioned strategies. It’s the enabler for data, insights, automation, and process optimization. It’s rare a growing organization has tapped into its total addressable market. Understanding Gross Sales and Net Sales Cross-selling involves encouraging customers to purchase additional products or services that complement their

These principles are established by the Financial Accounting Standards Board (FASB) and are used by public companies, private companies, and non-profit organizations to compile their financial statements. GAAP encompasses a wide range of accounting activities, including revenue recognition, balance sheet item classification, and materiality. The international financial reporting standards, or IFRS, are a list of

This indicates that the price increases relate to increased value provided by the customer and the practical expedient would apply. By electing to use the practical expedient, P&U entities can choose to recognize revenue at the contract rate applied to each delivery as specified in the contract. P&U entities must be consistent with their decision

This cost-effective approach helps reduce your overhead costs by eliminating the need to hire additional full-time accounting staff or maintain an accounting department. For professional services firms, precise bookkeeping is crucial for billing, payroll, and financial planning. Our tailored bookkeeping services for professional services ensure that your financial records are accurate and up-to-date, allowing you