November 23, 2007
I was talking to one of my business colleagues last week who happens to own a CPA firm. We were talking about corporations and I brought up a situation I ran into a few days earlier with a client. I asked him how he would have structured the entity. His response was no surprise to [...]
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November 21, 2007
Before you being keeping “the books”, There’s a few things that you need to understand. I promise it’s not that difficult.
Here’s the first lesson.
There are two different methods of accounting for a company’s transactions: Cash and Accrual. You might have heard them referred to as Cash Basis or Accrual Basis. The [...]
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