A businesses accounting method certainly impacts its investment strategy. The right accounting strategy can benefit the business greatly by helping to depict the actual financial condition. Which in turn aids in making insightful business decisions with clearly-devised business strategies. When it comes to multifamily property and investors, there are two accounting options to choose from […]
Archive | September, 2018
All You Need to Know About the New Commercial Lease Accounting Rules!
Leasing is important to businesses as it enables access to assets, aids in getting the requisite financing along with reduction of risks that go with the ownership of assets. The new commercial lease accounting rules have been formulated to create greater transparency regarding the actual debt of companies, whether publicly registered or privately owned. It […]
Get to Know About Record Keeping for Landlords!
Owning a property can be a great way to earn a regular monthly income. For a landlord, expanding property ownership to a number of locations can increase his monthly income manifold. However, landlords need to keep records of documents, bills, and other important notes of information which may be required at a future date for […]
All You Need to Know About Progress Billing
Progress Billing is considered to be one of the most frequently used invoicing methods for long-term contracts. Normally speaking, while making contracts there are always some upfront payments involved, somewhere around 50% of the total project, and the rest paid after its completion. To pay an amount this substantial before the work is yet to […]
How Much Should You Be Paying for Accounting Each Month?
The process of accounting forms the thrust of every business functioning and is perhaps considered one of the most important finance-related administrative work that a management undertakes. Talking specifically about small and medium businesses, the accounting needs for such businesses vary greatly. For instance, a small business that has just started its operations may only […]
Pros and Cons of Outsourcing Accounting [Infographic]
According to recent statistics, 37% of businesses spend more than USD 5,000 for the administration of finances and 33% of these firms devote more than 81 hours on finances every year. Whether you run a real estate business, textile firm, a digital marketing agency or any other industry, every small business needs to manage its […]
