Bookkeeping

Property management software for every real estate portfolio

Voyager is a comprehensive system for real estate operators with unique and dynamic requirements. Your property management software should meet five requirements before you decide to stick with it for the long haul. Cut down on data entry mistakes and increase transparency when your team works from a single source of truth. Track costs including budgets, …

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Prepaid Insurance Journal Entry Example

Our writing and editorial staff are a team of experts holding advanced financial designations and have written for most major financial media publications. Our work has been directly cited by organizations including Entrepreneur, Business Insider, Investopedia, Forbes, CNBC, and many others. We follow strict ethical journalism practices, which includes presenting unbiased information and citing reliable, …

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Bookkeeping, tax, & CFO services for startups & small businesses

409A valuations help startups determine the fair market value of their stock options and ensure tax compliance. A proper 409A valuation sets the stock option exercise prices, which is crucial for avoiding tax penalties for both the startup and its employees. This valuation process involves a detailed analysis of the startup’s financial health and market …

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Ledger Accounts Definition, Format, Types, & Advantages

Transaction data is segregated, by type, into accounts for assets, liabilities, owners’ equity, revenues, and expenses. Double-entry transactions, called “journal entries,” are posted in two columns, with debit entries on the left and credit entries on the right, and the total of all debit and credit entries must balance. The main purpose of an accounting …

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‎Tekpon SaaS Podcast: 119 Accounting explained for SaaS companies Podcast with Cenk Tukel Tukel INC Accounting on Apple Podcasts

To achieve the main principle of revenue recognition by GAAP as stated above, entities must adopt the following 5-step model. This has gotten the SaaS companies to get rid of the complexity and confusion that existed in SaaS accounting as a result of undefined accounting practices. Such a payment is showcased as a liability in …

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Consolidated Financial Statements: Requirements and Examples

You should consider our materials to be an introduction to selected accounting and bookkeeping topics, and realize that some complexities (including differences between financial statement reporting and income tax reporting) are not presented. Therefore, always consult with accounting and tax professionals for assistance with your specific circumstances. The notes (or footnote disclosures) are required by the full …

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