DLC is a professional services firm that helps companies drive transformation and growth by transforming ideas into action, one project at a time. Accounting consultants
Read moreAccounting Consultants: What Does The Term Really Mean?
When you provide accounting consulting services, you do more than make sure the numbers add up. As a CPA consultant, you analyze the numbers and trends
Read moreWhat is an Expense? Meaning, Types and Examples
You’ll need to estimate your maintenance costs to put them in a budget since all of those are likely not fixed, recurring amounts each month.
Read moreExpenses in Accounting Definition, Types, and Examples
Policies must be in place for employees to follow regarding the use of company funds. For instance, during business trips, staff members must know their
Read moreTimes Interest Earned Ratio: What It Is and How to Calculate
The unit of the amount can be anything (like pieces), it has to be the same unit for both amounts. Time is considered an interval
Read moreRetained Earnings Explained Definition, Formula, & Examples
Depending on the financial position of your business, you may want to reinvest in equipment, employee salaries, or more inventory. For example, if a business
Read moreIs Time An Interval or Ratio Variable? Explanation & Example
However, as a general rule of thumb, a TIE ratio of 1.5 to 2 is often considered the minimum acceptable margin for assuring creditors that
Read moreNet Terms Guide: What Are Net 30 60 90 Terms?
You can also inform customers what happens if they pay late with a line on the invoice. If you don’t know what to say, swipe
Read moreManaging Holding Accounts: Best Practices and Key Considerations
Certain other types of deposits should also be available the next business day. Banks can hold your deposit for up to seven days if they
Read moreWhat is a Holding Account? Holding Accounts 101
If a hold is placed on your deposit, you cannot withdraw that money or use it for payments. A holding company holds the outstanding shares
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