Joseph Minday

The well-defined structure of invoice coding facilitates the identification of errors and the systematic auditing of expenditures. It ensures adherence to tax codes, financial policies, and regulatory requirements. A GL code, or general ledger code, is a numeric identifier used to categorize expenses in financial statements. On an invoice, this code ensures that each charge

They include accounts payable, accrued expenses, short-term loans, and other similar obligations. Long-term liabilities, on the other hand, are obligations that extend beyond one year, such as long-term loans, bonds payable, and lease obligations. When the company’s accounting department receives the bill for the total amount of salaries due, the accounts payable account is credited.

But if you are looking for individualized accounting and tax advice, you need to contact your own accountant as every state and county has it’s own nuances. BNBTALLY is a software automation, not an accounting firm, they automate the repetitive stuff so I don’t have to pay my accountant to do so, and I save

And when expenses creep up or sales look strong but profits stay weak, you’ll notice it right away. Direct costs play a pivotal role in the narrative of the cost of goods sold. They refer to expenses that can be directly attributed to the production of goods or services sold by a company. Assessing the

We would love to look over your past three years of tax returns to see if we can do better. The statute of limitations for a refund is three years, so let’s get started. In the interest of the health and safety of our clients, we are encouraging taxpayers to file early and to use

Explain that you’d like to follow-up on your previous discussions, and talk specifically about how they might be able to help your organization, project, or program. Since about 88% of all charitable giving comes from just 12% of donors, it should be apparent why nonprofits need to prioritize the implementation of a major gifts program.