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Have A Minute? Watch A Free Yardi Breeze Video
nisa December 22, 2023Modern BI tools are generally geared toward data science and visualization. In other words, they are designed to slice and dice very large datasets and to present the information in an intuitive, easily digestible way. That serves an important purpose, but it fails to address the fundamental tasks that most finance teams must complete on […]
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What Are the Different Ways to Calculate Depreciation?
nisa December 7, 2023Note that while salvage value is not used in declining balance calculations, once an asset has been depreciated down to its salvage value, it cannot be further depreciated. The input tax is posted directly to the input tax balance sheet account. The determination of the balance sheet account depends on the asset class. For example, […]
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BPO Accounting vs Traditional Accounting Which One Fits Your Business?
nisa December 4, 2023BPO financial accounting works by outsourcing specific financial functions to a third-party provider, who performs the functions on behalf of the company. It includes bookkeeping, accounts payable, accounts receivable, payroll, tax preparation, financial analysis, compliance, and audit support. BPO financial accounting providers are experts in their field and use advanced technology such as RPA and […]
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Do former regulators improve the quality of audits?
nisa November 23, 2023Moreover, experiential development roles and project-based activities provide valuable hands-on experience. PwC, in my opinion, stands out as the top choice among the Big 4 accounting firms. Synder goes above and beyond by offering smart automated software to streamline and optimize your bookkeeping processes. With the combination of a skilled accounting firm and Synder’s cutting-edge […]
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How to calculate tax amortization benefit
nisa November 15, 2023Depreciation refers to the method of accounting which allocates a tangible asset’s cost over its useful life or life expectancy. Depreciation is a measure of how much of an asset’s value has been depleted over the depreciation schedule or period. Per guidance from management, the fixed assets have a useful life of 20 years, with […]
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BPO Accounting vs Traditional Accounting Which One Fits Your Business?
nisa November 7, 2023BPO financial accounting works by outsourcing specific financial functions to a third-party provider, who performs the functions on behalf of the company. It includes bookkeeping, accounts payable, accounts receivable, payroll, tax preparation, financial analysis, compliance, and audit support. BPO financial accounting providers are experts in their field and use advanced technology such as RPA and […]
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How To Calculate Unit Product Cost
nisa October 25, 2023Product cost refers to the total amount of money a business spends on resources and the efforts needed to make a product during production. It includes direct expenses incurred in making the product (such as raw materials and labor) and indirect expenses (such as utilities, factory overhead). Given the higher cost of your granola, you […]
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Systematic Investment Plan Meaning, Types, Benefits, How It Works
nisa October 24, 2023While it gives an estimate about the expected returns, the actual returns delivered by a mutual fund scheme depends on so many factors. Also, the returns calculated from this SIP calculator are indicative and rely upon the projected annual return rate. This projected rate, inturn, depends on the historical performance of a mutual fund. So, […]
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Solved: How do I undo past bank reconciliations?
nisa October 23, 2023Rest assured that your QuickBooks and bank statements align perfectly, giving you peace of mind when closing your books. All business owners, bookkeepers, or commerce managers must know how to reconcile within QuickBooks. However, the right technology can simplify the process while organizing orders and transactions. In this step-by-step guide, we’ll show you how to […]
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FICA: Definition, 2022 Rates and Limits, Rules for Self-Employed
nisa September 26, 2023Who knows when or even if the government will extend it beyond then! So putting all your retirement savings eggs in the Social Security and Medicare baskets is not a bright idea. That means you’ll shell out a total of $7,650 (7.65% of your taxable income) for FICA taxes. And hopefully, when you qualify for […]