Liabilities are another area that auditors will review to determine that any bills paid from the business belong to the business and not the owner. Relevant tests – Vouching the cost of assets to purchase invoices and checking depreciation rates and calculations. Rights and obligations – means that...
If they’re not, you’ll want to look for opportunities to improve them. These reviews, or business process analyses, are highly beneficial for your company. Successful business process analyses can generate more revenue, spur growth, and streamline business operations. Your business goals determine where and how...
If you run businesses in multiple locations and want to see which one is most profitable, an upgrade to Plus from Essentials is worth the price. Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to...
Partner with an expert team of franchise centric bookkeepers, accountants, and CPAs. As a franchise bookkeeping preferred vendor, we will work with you to standardize franchisee chart of accounts and franchisee reporting. Investing in the right technology can help you free up time in your...
If you operate across state lines, you may also need to account for additional tax payments. The purpose of the Act is to protect local wages from being undercut by out-of-area contractors and construction workers. The Davis-Bacon Act applies to all construction projects under government...