For the past 52 years, Harold Averkamp (CPA, MBA) hasworked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com. To learn more about the balance sheet, see our Balance Sheet Outline. For the past 52 years, Harold Averkamp (CPA,…

Cryptocurrencies are a virtual currency that allows people across countries to do business without adding costs to the transaction by charging a currency conversion fee. The fees you get charged using cryptocurrency are usually less than the 3% charged by a credit card. The currency is essentially a mobile app or computer program that acts…

These are some typical scenarios involved when working with either an accountant or a financial advisor, but either of these professionals may have additional licenses or certifications that can make them good resources for other things. Always ask about an advisor or accountant’s licenses and certifications before deciding to work with them. Depending on their…

Engaging a tax professional, such as an https://www.pinterest.com/gordonmware/make-money-online/ Enrolled Agent, ensures that the adjustments are made correctly, comply with tax laws, and align with your business’s financial strategies. For example, if a company accrues an expense for a service it anticipates receiving, but the service is not rendered, reversing that accrual prevents overstating liabilities and…