As you grow, having a professional, outsourced accountant on your side gives you the advantage of proactivity rather than reactivity. Trained accountants can spot red flags ahead of time and notify you about things like cash flow discrepancies. Similarly, rapidly growing businesses also outsource their bookkeeping since their needs change https://www.bookstime.com/ regularly, and they apply… Read More »
One of the advantages is your bank or credit union may send the letter directly to the party requesting the voided check, avoiding the need to send it by email. Banks and credit unions are well instructed in methods of protecting personally identifying information and they will know the best way to send the letter… Read More »
You can’t exclude from an employee’s wages the value of a cell phone provided to promote goodwill of an employee, to attract a prospective employee, or as a means of providing additional compensation to an employee. The benefit may be provided either directly by you or indirectly through a third party. For example, an employee… Read More »
This requires an examination of each individual item of cost in the light of the services or benefits obtained, which ensures the maximum utilization of money expended or its recovery. Any variance between the targets and the actual results are analyzed and, where necessary, corrective actions are taken. Specifically, it can be defined as working… Read More »
For the server power consumption examples above, there is no mode because each element is different. The mode is 98 W since that power consumption measurement occurs most often amongst the 12 servers. Mode helps identify the most common or frequent occurrence of a characteristic. It is possible to have two modes (bimodal), three modes… Read More »