Includes payment processing, income edibility, grant management and stacked funding incentives that support IRA sections 50121, and local energy efficiency rebate initiatives. Includes integrated payment processing, referral tracking and robust communication tools. Assists state and community action partners and manage LIHEAP funding with a comprehensive solution. Relief Suite Provide low-income communities with fast access to…

Costing methods determine costs, while cost accounting is an analysis of the different types of costs a company incurs. While financial accounting presents information for external sources to review, cost accounting is often used by management within a company to aid in decision-making. Cost accounting can be beneficial as a tool to help management with…

Valid financial transactions always result in a balanced accounting equation which is the fundamental characteristic of double entry accounting (i.e., every debit has a corresponding credit). The income statement is the financial statement that reports a company’s revenues and expenses and the resulting net income. While the balance sheet is concerned with one point in…

The template calculates cash payments against operating expenses to provide a daily net cash change and month-ending cash positions. This template has everything you need to get a day-by-day perspective of your business’s simple cash flow projection financial performance and outlook. Included on this page, you’ll find a simple cash flow forecast template and a…

LawPay, known for its reliable and secure payment solutions tailored for legal professionals, offers a robust platform that can significantly simplify your trust accounting process. With its trusted reputation in the legal industry, LawPay ensures you avoid the risk of commingling funds and stay compliant with attorney trust account rules. Generic accounting software trust accounting…

Scienaptic AI provides several financial-based services, including a credit underwriting platform that gives banks and credit institutions more transparency while cutting losses. Its underwriting platform uses non-tradeline data, adaptive AI models and records qr codes have replaced restaurant menus industry experts say it isn’t a fad that are refreshed every three months to create predictive intelligence…

You need to decide which accounting method you will use for your company. Either way, it’s critical to have an accurate balance sheet and income statements. The responsibilities of a bookkeeper include a fair bit of data entry and receipt wrangling. They’re responsible for recording every financial transaction in your general ledger using double-entry bookkeeping—usually…

In this article, we will explore and clarify the variances, responsibilities, and required skill sets of both accounting clerks and bookkeepers. However, bookkeeping offers a wider range of opportunities for career growth and specialization. With experience and additional certifications, bookkeepers can advance to roles such as accounting supervisors, financial analysts, or even controllers. Accounting clerks…

Unless the 12-month rule applies, rent payments for the use of property after the taxable year are only partially deductible in the year you make the payment. The trial balance, drawn up on 31 December 2019, assumed that he had no other insurance and his insurance expenses account would show a balance of $4,800. When…

That being said, the oversight and advanced reporting might make it worth the cost (and outsourcing definitely costs less than hiring a salaried controller). It will depend on your specific needs, but outsourcing could run in the ballpark of $2000–$3500 per month. Outsourcing your accounts receivable and accounts payable means never having to pay or…