Month: July 2021
7 min read time
It displays a startup’s revenue subtracted from their expenses and losses. A variety of expenditures can be involved in establishing a business; obtaining equipment or stock, market research, and even staff training can qualify as start-up costs. Startup costs for a new business are categorized as income and listed in a balance sheet’s Equity section. At Ariel Joudai, CPA, we take great pride in providing high quality accounting solutions to our c ...
6 min read time
ContentFigure Out What Types of Bank Accounts You NeedNot Distinguishing Between Revenue and IncomeOptimize Your Reporting with ClioTaxSlayerPCLaw® and Time Matters® – Why Your Law Firm Needs an Annual Maintenance Plan These best practices all come back to one idea — staying organized. You want to pay attention to the ABA’s rules, as not doing so could lead to some severe consequences. Being familiar with this concept gives you an understanding of ...
5 min read time
Federal data show that 1 in 10 people had an alcohol use disorder in the past year, over 4 in 10 alcohol users report binge drinking in the past month, and per capita alcohol consumption is higher than the decade prior. Treatment rates for alcohol use disorders are notably low, especially for the use of medication, a recommended AUD treatment component. Although the opioid crisis has been declared a public health emergency by the U.S. Department o ...
7 min read time
ContentElements of the Financial Section of a Business PlanHow to use ChatGPT to help build your expense budget:Firm of the FutureStart your 3-day free trial today!What is a financial forecast?Budget planning Use the information you unearthed in researching your business plans, such as statistics from industry associations, data from government sources, and financials from similar businesses. An accountant with experience in your industry can be u ...
8 min read time
ContentCash Flow ProjectionsHow to Create Financial Projections For Your Business (Accurately)Cost of goods sold (COGS)What Are Financial Projections Used for?Financial Projections for Startups and Small BusinessesPRODUCT Software, equipment, sales and marketing, accounting services, legal fees, and all the other costs of doing business need to be included in your expense projections. Starting a small business can be hard enough without struggling ...
6 min read time
ContentAnna DiBella Discusses Old Law vs New Law on Chops Talks Ops PodcastReason #2: The accuracy in Trust Accounting managementLexisNexis and Uptime Legal – a Match Made in the CloudHow to Use Timeslips & QuickBooks in the Cloud in 2023Legal Accounting and BookkeepingWhat are the most common types of billing methods in a law firm? This not only simplifies deposit reconciliation but gives you a strategic way to evaluate your budgets, cash flow, a ...