However, it’s not a good look for a company to abruptly stop paying or pay less in dividends than in the past. On the date of payment, the corporation mails checks to the appropriate recipients, an event recorded as follows. Company-operated DRIPs are usually commission-free, since they bypass a broker. …
Catégorie : Bookkeeping
How Do I File Returns for Back Taxes?
The Internal Revenue Service (IRS) recommends filing past-due tax returns as soon as possible to limit penalties and interest on the amount you owe. To claim a refund for 2020, you will need to submit your 2020 tax return through the mail. Most tax software publishers keep their prior years’ …
COVID-19 and the accounting profession: The impact, the challenges, the future Sprott School of Business
Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services. It’s no secret the pandemic pushed many organizations to fast-track their digital transformation. Since auditors could no longer make on-site visits, they had to …
Why the Post-Closing Trial Balance Is so Important for Your Business
Good accounting keeps new able account advantages a business financially solid and ready for the future. It ends the period with balanced entries, thanks to smart software. This step avoids simple mistakes and supports clear financial reports. When a fiscal year ends, net income goes to retained earnings. This shows …
Activity-Based Costing Calculation Steps and Example
The other levels of activity that are accounted for by activity-based costing are unit-level activities, customer-level activities, production-level activities, and organization-sustaining activities. Activity Based Costing (« ABC ») is an approach to solve the problems of traditional cost management systems which are often unable to determine accurately the actual costs of production …
The Best Guide to Bookkeeping for Nonprofits: How to Succeed Foundation Group®
Our Controller Services are designed and built for those that have more sophisticated requirements than just accounting services. Quadrant is committed to aiding nonprofits in their vital roles, focusing on fortifying their financial groundwork to support community development and positive change. As an added benefit to nonprofit leaders and their …
The Ultimate Guide to Church Accounting Software
Budgeting is an important part of every business whether it’s for-profit or not. Since churches don’t bring in as much revenue as other businesses, budgeting can be even more crucial. It’s not just about keeping the lights on (which your congregants will appreciate). All of the above software would be …