Archive for Category: Bookkeeping

Our mission is to simplify bookkeeping so you can focus on what you do best—running your business. With our business intelligence tools, including Huxley, the first AI business advisor, we offer custom insights to help you steer your financial landscape effectively. The time commitment for bookkeeping varies based on your business’s size and complexity. For a small business with straightforward transactions, bookkeeping might take a few hours each week. Next, we’ll dive into the essential bookkeeping...

Visit rsmus.com/about for more information regarding RSM US LLP and RSM International. With a Pro Plan subscription, you can connect your bank account with Wave and automatically import your transactions. We provide different levels of support, depending on the plan and/or the add-on features you choose. Subsequently, the investment is measured at cost less any impairment loss and adjusted to fair value if observable price changes occur to an identical or similar security from the same issuer. The...

In accounting, goodwill refers to a unique intangible asset that arises when one company acquires another for a price higher than the fair market value of its net identifiable assets. Essentially, it represents the value of a company’s brand, customer relationships, and overall reputation, which are not easily quantifiable. In accounting, distinguishing between goodwill and intangible assets is essential for accurate financial reporting. These elements significantly influence mergers and acquisitions,...

What works for your neighbor might not be the best approach for you. That’s why it’s crucial to stay informed about changes in tax laws and to seek professional advice when needed. Start with your Kumon enrollment agreement and all payment receipts. If your child has been diagnosed with a learning disability and Kumon has been prescribed as treatment, keep all relevant medical documentation. It’s also a good idea to hang onto any progress reports or assessments from Kumon, as these could potentially...

Operating revenue reflects core performance, while non-operating revenue may be less predictable. Recognizing both types allows for smarter long-term growth and risk management decisions. In this guide, you’ll learn what revenue is, how it’s calculated, how it differs from income, and where it shows up on your financial statements. You’ll also explore real-world examples and strategies to help you grow your top line and make smarter business decisions. Understand how to precisely calculate...