The seller records a credit memo as a reduction to accounts receivable. A document issued to a customer by a seller which reduces the seller’s accounts receivable and its net sales. If your buyer has already settled the entire invoice amount, they have two choices. They can either apply the credit memos to future payments…
Present value calculations are influenced by when annuity payments are disbursed — either at the beginning or at the end of a period. These are called “ordinary annuities” if they are disbursed at the end of a period, versus an “annuity due” if payments are made at the beginning of a period. This is the…
At QX, we are fully prepared to meet the accounting outsourcing needs of your CPA firm. Tailored specifically for CPAs and accounting firms, our services encompass a wide range of solutions, from meticulous bookkeeping to comprehensive tax preparation, payroll processing, and audit support. Our team of skilled professionals is dedicated to providing top-tier accounting outsourcing…
There are a number of types of accounting, serving a wide range of functions from tax preparation and financial statement preparation to catching white-collar criminals. To determine which type of accountant you might need, we’ll break down the eight most common types of accounting from tax and cost accounting to international and forensic accounting. The…
Instead of just outsourcing for bookkeeping services, they are now looking for partners to help them create project valuations, IRR forecasts, cash flows models, and other complex financial functions. Outsourcing some or all of your accounting needs to an external third party can represent a major win for business owners. Outsourcing your bookkeeping to an…
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