Lease Accounting
Understanding Lease Accounting: A Deep Dive into Amortization Schedules and Journal Entries Lease accounting is a vital aspect of corporate […]
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Debit and Credit
A while back, I came across a story about Debit and Credit. I can’t remember exactly where I read it,
Balance Sheet Reconciliations: Why, When, and Examples
Do small companies need to worry about balance sheet reconciliations? Many small businesses overlook them, often because they don’t have
Ensuring Accuracy in 401K Employer Match Contributions: The Value of Audit Worksheets
Employer 401K match contributions can vary significantly based on a company’s policies and management decisions. While some employers match contributions
The Million-Dollar Journey: How Maximizing My 401K Match Built My Portfolio
In the world of personal finance, there are countless strategies to build wealth, but one often overlooked gem is the
Understanding the Chart of Accounts: The Backbone of Financial Management
In the realm of accounting and financial management, the Chart of Accounts (COA) plays a crucial role. It’s essentially the
Master Your Month-End Close with This Essential Checklist
When it comes to managing your books, completeness is crucial. Having a month-end close checklist can make a world of
The Evolution of a Simple Yet Effective Bank Reconciliation
When I was a staff accountant, the task of bank reconciliation (bank rec) wasn’t my responsibility. Back then, our company