Payables Methodology
•
0 likes•1,016 views
9 Steps in Payables Methodology at Meru Accounting
Report
Share
Report
Share
Download to read offline
Recommended
PAYROLL RECONCILIATION REPORT | MERU ACCOUNTING
Payroll reconciliation is important because it can help catch errors or outstanding items that need to be addressed before they become too late. To accomplish this, make a list of all payroll-related balance sheet accounts that do not clear to $0 and investigate the issues that must be resolved so that all funds go where they should. To make the process easier, we provide a free payroll reconciliation spreadsheet.
Step 1: Create a list of your payroll balance sheet accounts.
Make a list of the balance sheet accounts you need to reconcile each month before we begin the reconciliation process.
The following is a list of payroll-related balance sheet accounts that you may need to reconcile.
Accrued Payroll: The net payroll amount earned but not paid out.
Federal Income Tax Withholdings Payable: The amount of federal tax withheld from employee paychecks but not paid to the IRS.
Payable State Income Tax Withholdings: State tax withheld from employee paychecks but not paid to appropriate tax agencies
FICA Tax Payable: The unpaid employee and employer portions of Social Security and Medicare taxes; half is withheld from employee paychecks, and the other half is expensed from the business.
Contributions made by employees to their 401(k) accounts (different accounts can be created if you have multiple retirement account options); you can also put any contribution matches made by your company into this account and hold the money there until it's paid out.
Health Coverage Payable: Employee-paid insurance premiums, as well as contributions that you have recorded as a business expense but have not paid.
Step 2: Set Up Monthly Payroll Reconciliation Sheets
Download our payroll reconciliation spreadsheet to give yourself a head start.
Step 3: Gather Payroll Software and General Ledger Reports
For each payroll-related balance sheet account, you'll need a monthly transaction report from your GL, preferably one that shows the beginning and ending balances for the month.
Step 4: Examine Payroll Transactions and Reconcile Disagreements
You are now ready to begin reconciling your payroll accounts. The process may be simplified if you can download the transactions from your accounting software into a spreadsheet—or if you can copy and paste them onto your spreadsheet.
Step 5: Fix Payroll Reconciling Items
Reconciling items can be vastly different in what they require to resolve. In our health insurance premium example above, the first step would be to take a look at the health insurance invoice.
RENTAL BUSINESS MANAGEMENT | MERU ACCOUNTING
You've worked hard to make your rental property a reliable source of income. However, an accounting system is required to properly manage your investment.
A good property management accounting system allows you to see how much profit each property makes. It enables you to accurately record your expenses in order to maximise tax deductions. It also makes it simple to report income and expenses separately for each property, which the IRS requires.
Here's how to get started with property management accounting.
Step 1: Establish separate business accounts.
You must treat your rental property as a business, regardless of its size. That means opening a business checking account to separate your personal and business finances.
All property income should be deposited into that account, and all expenses should be paid from it. If you own multiple properties, you should open a separate account for each. This will make it easier for you to keep track of your finances.
Step 2: Select an accounting method.
There are two ways to track money entering and leaving your property management company: cash basis and accrual.
Accrual
The accrual method requires you to enter income and expenses as they occur. It makes no difference whether you have the funds in your account or are still awaiting a bank transfer.
This is especially important when it comes to renting. Assume you own a summer home. Your tenant pays you $8,000 in advance for four months of rent, to be tracked monthly. Even if you have $8,000 in your bank account, you would only enter $2,000 per month on the books if you used the accrual method.
On a cash basis
Transactions on a cash basis are recorded as soon as money changes hands.
Using the summer cottage rental as an example, as soon as your tenant paid you $8,000 in advance, you would record that amount as business income.
The accounting method you use will be determined by how comfortable you are with tracking and reporting income. However, for small businesses, cash basis is the most popular method.
Step 3: Create an account chart.
Your chart of accounts serves as a cheat sheet when it comes to doing your books. You refer to the chart of accounts whenever you enter a transaction for your rental.
It lists every account or ledger into which a transaction can be sorted. It also indicates whether the account is for expenses (money leaving your business) or income (money entering it).
The more detailed your chart of accounts—that is, the more accounts you have—the better your understanding of how money enters and exits your business. The cost is that your books will be more complicated.
Your chart of accounts could be a spreadsheet or even a text document. Accounting software will have a separate section or tab for it.
Here's an example of a straightforward chart of accounts. Assume you're going to list your laneway house on Airbnb:
Step 4: Create your journal
Your journal is the heart of your accounting system. This is where you keep track.
PAYABLES METHODOLOGY | MERU ACCOUNTING
Accounts payable and its management is a critical business process that allows an entity to effectively manage its payable obligations. Accounts payable is the amount owed by an entity to its vendors/suppliers for goods and services received. To elaborate, once an entity orders goods and receives them before paying for them, it should record a liability in its books of accounts based on the invoice amount. Accounts payable refers to this short-term liability owed to suppliers, vendors, and others.
Once the vendor is paid for the unpaid purchases, the corresponding amount is deducted from the accounts payable balance.
What is the significance of Accounts Payable and its management?
Accounts payable and their management are critical to the smooth operation of any business entity. It is critical for any company because:
It is primarily responsible for timely payment of the entity's bills. This is critical in order to maintain strong credit and long-term relationships with vendors.
Only by paying invoices on time will vendors ensure an uninterrupted flow of supplies and services, which will aid in the systematic flow of business.
A good accounts payable process ensures that there are no overdue charges, penalties, or late fees.
The well-organized accounts payable process ensures that all invoices are tracked and paid on time. This will help you avoid missing payments and paying twice.
It also enables businesses to better manage their cash flows (i.e. making payments only when due, using the credit facility provided by the vendor, etc.)
Following a strict accounts payable process can help to reduce fraud and theft to a greater extent.
Accounts payable balances must be recorded accurately for a company's financial statements to be complete and accurate. These payables must be handled efficiently and correctly.
Process of Accounts Payable
Every business will have an accounts payable department, and the structure will vary depending on the size of the company. The accounts payable section is organised based on the expected number of vendors and service providers, the volume of payments that will be processed over time, and the type of reports that will be required by management. A small entity, for example, with fewer purchase transactions, would require a basic accounts payable process.
BOOKKEEPING PRACTICES & METHODOLOGY| REAL ESTATE | MERU ACCOUNTING
When it comes to keeping track of clients, listings, finances, and expanding personal business networks, professional real estate agents have a lot on their plates.
Success requires not only the ability to connect, sell, and close sales, but also a working knowledge of administrative best practises. While real estate accounting principles may not be the first thing that comes to mind for many agents, they can make or break your success.
Accounting in real estate paves the way for accurate reports and records throughout the buying and selling processes. It also allows agents to secure their personal financial situations and stay organised for important tax collection and compliance activities.
Real estate agents cannot afford to be surprised when it comes to good, strong accounting procedures. Whether you're a new or seasoned real estate agent or property management professional, the knowledge and tools in this guide can help you:
1) Improve your understanding of the foundation and importance of good accounting.
2) Discover the distinctions between bookkeeping and accounting.
3) Adopt industry best practices for how you manage your expenses
4) Simplify your processes to free up more time for critical business activities.
5) Discover the next steps in selecting a software or platform that works for you.
Why Do Real Estate Agents Require Accounting Services?
Effective accounting procedures are required for real estate agents for a variety of reasons, some of which are dependent on the type of real estate activities that a person manages.
Whether you work on small-scale real estate transactions or large-scale corporate contracts, having the right accounting structure is critical. Real estate accounting is essential for several reasons, including:
- The ability to gain a high-level view of your own financial situation
- Insight into your company's year-over-year growth
- The ability to manage your cash flow and spot potential red flags
- Having a streamlined process for producing annual tax returns
- Examining your outgoing expenses in order to make timely payments.
Contact MERU ACCOUNTING for more methodology and bookkeeping practices.
BOOKKEEPING FOR NON PROFITS IN UNITED STATES | MERU ACCOUNTING
Nonprofit Organization Accounting
From houses of worship to youth organisations to neighbourhood business meetings, non-profit organisations make our communities more bearable.
Because not-for-profit organisations do not have business owners, they rely on reserves from commitments, participation contributions, programme earnings, fund-raising events, open and private awards, and venture salaries.
We intend to introduce some fundamental concepts unique to non-profit accounting.
Significant aspects of non-profit accounting include:
Taxability of the received donation: It provides a detailed breakdown of all the donations they received over the course of a year. It is critical that non-profit organisations keep track of the donations they receive and from whom they accept them. Except for a few exceptions for property income or capital gains, non-profits are exempt from paying income tax.
Various donations were received:
Unrestricted commitment income: If the giver does not express the reason for the commitment, it is classified as unrestricted commitment income.
Temporarily restricted net assets: If the donor specifies the use of the donation, it will be classified as temporarily restricted net assets.
Net assets that are permanently restricted:
These are donations that the recipient can never use in perpetuity at any point in time.
Accounting for Expenses: Expenses vs Expenditure done- Accounting of the expenses done for the long run that can be en-cashed, and the cost incurred to meet every day and current financial needs of the business, generally for a short term is dealt with.
Spending from Corpus: Spending from the total collection of donations for a specific purpose.
Budgeting
Budget approval by trustees- A budget is an estimate of revenue and expenses for a given future period. It is then approved by the non-profit organization's trustees following a timely review of financial reports and planning.
Spending vs. budgeting reports- Trustees create the budget report, which is compared to the annual spending report, and then a balance of all spending is created.
Here are some pointers to help non-profits with their bookkeeping!
IRS acceptance
If the IRS approves it, the income of a non-profit entity is exempt from federal income tax.
Donation Recipients' Taxability
Nonprofits are exempt from paying taxes on donations received.
State-level taxes and sales tax
Non-profits are also required to pay sales tax and other taxes based on state requirements.
The Employment Tax
Even if they are exempt from federal income tax, non-profits must pay employment tax.
BOOKKEEPING METHODOLOGY| ODOO | XERO | MERU ACCOUNTING
Today's accounting software solutions
Accounting has traditionally been regarded as a dull and uninteresting aspect of business. However, as the business grows, the accounting department will arguably become one of the most important components in the company's success. Accountants are uniquely positioned to be some of a company's most valuable informational resources. They understand how the organisation works and are well-versed in the organization's current and projected financial position. It is critical for an organization's financial health to provide the accounting team with the tools they require to effectively monitor these factors.
There are numerous accounting software options on the market that can provide the features and reporting functions that accountants require, but where should the search for the best option begin? For their business operations, the majority of growing businesses use a commercial management solution. For these businesses, the ideal solution would be to select accounting software that can be integrated with their current commercial solution. This will save the organisation a significant amount of time and resources.
Accounting software can be installed locally or via a cloud service provider. While both types of software have distinct advantages, online offers are becoming increasingly popular among small and medium-sized businesses (SMBs) due to their ease of use and low cost of implementation.
A GUIDE ON HOW TO WORK REMOTELY | MERU ACCOUNTING
For many years, the future of work has been portrayed as bleak. And now, in the aftermath of the Covid19 situation, we've all been forced to embrace it unexpectedly.
The current pandemic is keeping us indoors and wreaking unimaginable havoc. That means that even companies that have never had employees work from home before are now forced to do so out of necessity.
Working from home introduces a whole new set of challenges. When employees are removed from a team environment, their productivity may suffer.When team members are not in the same location, collaboration becomes difficult. People will rely on technology to do their jobs more than ever before, so it's critical that they have the right collaboration and business process management tools.
Pro Tip: In order to outperform their competitors, businesses must also find and hire the best tech contractors.
Keeping employees productive:
Working from home may be ideal for some people, particularly individual contributors such as writers and coders, but it is not for everyone. This is due to the numerous disadvantages associated with it.
For starters, you're prone to distractions, you're lonely, and you lack motivation. Let's look at what can be done to make remote work enjoyable and productive for teams, whether they are in customer service, marketing, or a dedicated development team.
1. Overcommunicate (brevity is out of the question)
Miscommunication is all too common when working remotely. This is why: When communicating with our team, we frequently keep our messages brief on text. You may believe you've made your point, but your colleagues may be wasting time and effort attempting to interpret what you're saying.
2. Do not overuse follow-ups.
The great thing about remote working is that you can collaborate with coworkers via a variety of channels, including email, text, phone, Slack, and others. That can be both a blessing and a curse.
Many teams have colleagues who are constantly following up on a task across multiple channels. This is nothing more than a constant abuse of the digital medium. When someone constantly pings you for updates, it's natural to feel more stressed and distracted.
3. Make the day more structured.
Working from home has a significant impact on your daily routine. You don't have an office to go to, no coworkers to look forward to, and no reason to dress nicely.
You have a habit of waking up late, staying logged in throughout the day, and eventually extending your work hours far beyond the norm. According to a Buffer survey, the most common issue with remote work is the inability to unplug. This can have serious consequences for your health in the long run. According to a United Nations report, 41 percent of remote workers reported high levels of stress, compared to 25 percent of office workers.
4. Reducing distractions
Don’t be surprised if working from home feels extremely distracting. A recent survey said that 47% of the people who worked from home had difficult
MASTER THE BOOKKEEPING METHODOLOGY FOR YOUR COMPANY | MERU ACCOUNTING
MASTER THE BOOKKEEPING METHODOLOGY FOR YOUR COMPANY | MERU ACCOUNTINGMeru Accounting Private Limited
How to Keep Records for your Business?
Financial records are one of the most important records to keep, especially for small businesses. In reality, most startup companies and small business owners often overlook this aspect of their business record keeping, either because they don't know how to do it correctly or because they simply don't have the time. Many business owners believe that doing it themselves will save them money because hiring a professional to assist them will be too costly. Unfortunately, this mindset can lead to problems later on, as legal record requirements require businesses to keep accurate and timely records.
The most convenient way to keep and maintain your company's financial records is to use accounting software. When you first start your business, organize your records and put them into accounting software. Here are seven more tips to help reduce the stress of financial record keeping and make the task easier.
1. Open Business Bank Accounts
A business must be distinguished from its owners, and the simplest way to do so is to open bank accounts solely for the business. This not only distinguishes the business from the owners but also separates business activities and expenses from personal ones. A business bank account enables you to easily track your company's income and expenses.
2. Do Not Use Cash
It is especially difficult for business owners to keep and maintain proper business financial records when they spend money without proper documentation. Without proper documentation, it is easy to forget how and where money was spent. It is preferable to use a credit or debit card, or a check, rather than cash, because there is a paper trail to follow, and this practice will aid in keeping track of expenses. When you pay with cash instead of other methods of payment, you may be missing out on write-offs because there is no documented proof. If you must use cash, withdraw funds from an ATM and make a note on the receipt of the purpose of the transaction.
3. Establish a Weekly Timetable
If you are going to keep and maintain your company's records, make sure to set aside a specific time each week to keep your records up to date. Spend time each week reviewing your income and expenses, as well as managing your accounts receivable and payable. Setting a schedule will help you stay on top of your financial records, provide you with the necessary overview of how your business is doing, and allow you to control your cash flow.
Recommended
PAYROLL RECONCILIATION REPORT | MERU ACCOUNTING
Payroll reconciliation is important because it can help catch errors or outstanding items that need to be addressed before they become too late. To accomplish this, make a list of all payroll-related balance sheet accounts that do not clear to $0 and investigate the issues that must be resolved so that all funds go where they should. To make the process easier, we provide a free payroll reconciliation spreadsheet.
Step 1: Create a list of your payroll balance sheet accounts.
Make a list of the balance sheet accounts you need to reconcile each month before we begin the reconciliation process.
The following is a list of payroll-related balance sheet accounts that you may need to reconcile.
Accrued Payroll: The net payroll amount earned but not paid out.
Federal Income Tax Withholdings Payable: The amount of federal tax withheld from employee paychecks but not paid to the IRS.
Payable State Income Tax Withholdings: State tax withheld from employee paychecks but not paid to appropriate tax agencies
FICA Tax Payable: The unpaid employee and employer portions of Social Security and Medicare taxes; half is withheld from employee paychecks, and the other half is expensed from the business.
Contributions made by employees to their 401(k) accounts (different accounts can be created if you have multiple retirement account options); you can also put any contribution matches made by your company into this account and hold the money there until it's paid out.
Health Coverage Payable: Employee-paid insurance premiums, as well as contributions that you have recorded as a business expense but have not paid.
Step 2: Set Up Monthly Payroll Reconciliation Sheets
Download our payroll reconciliation spreadsheet to give yourself a head start.
Step 3: Gather Payroll Software and General Ledger Reports
For each payroll-related balance sheet account, you'll need a monthly transaction report from your GL, preferably one that shows the beginning and ending balances for the month.
Step 4: Examine Payroll Transactions and Reconcile Disagreements
You are now ready to begin reconciling your payroll accounts. The process may be simplified if you can download the transactions from your accounting software into a spreadsheet—or if you can copy and paste them onto your spreadsheet.
Step 5: Fix Payroll Reconciling Items
Reconciling items can be vastly different in what they require to resolve. In our health insurance premium example above, the first step would be to take a look at the health insurance invoice.
RENTAL BUSINESS MANAGEMENT | MERU ACCOUNTING
You've worked hard to make your rental property a reliable source of income. However, an accounting system is required to properly manage your investment.
A good property management accounting system allows you to see how much profit each property makes. It enables you to accurately record your expenses in order to maximise tax deductions. It also makes it simple to report income and expenses separately for each property, which the IRS requires.
Here's how to get started with property management accounting.
Step 1: Establish separate business accounts.
You must treat your rental property as a business, regardless of its size. That means opening a business checking account to separate your personal and business finances.
All property income should be deposited into that account, and all expenses should be paid from it. If you own multiple properties, you should open a separate account for each. This will make it easier for you to keep track of your finances.
Step 2: Select an accounting method.
There are two ways to track money entering and leaving your property management company: cash basis and accrual.
Accrual
The accrual method requires you to enter income and expenses as they occur. It makes no difference whether you have the funds in your account or are still awaiting a bank transfer.
This is especially important when it comes to renting. Assume you own a summer home. Your tenant pays you $8,000 in advance for four months of rent, to be tracked monthly. Even if you have $8,000 in your bank account, you would only enter $2,000 per month on the books if you used the accrual method.
On a cash basis
Transactions on a cash basis are recorded as soon as money changes hands.
Using the summer cottage rental as an example, as soon as your tenant paid you $8,000 in advance, you would record that amount as business income.
The accounting method you use will be determined by how comfortable you are with tracking and reporting income. However, for small businesses, cash basis is the most popular method.
Step 3: Create an account chart.
Your chart of accounts serves as a cheat sheet when it comes to doing your books. You refer to the chart of accounts whenever you enter a transaction for your rental.
It lists every account or ledger into which a transaction can be sorted. It also indicates whether the account is for expenses (money leaving your business) or income (money entering it).
The more detailed your chart of accounts—that is, the more accounts you have—the better your understanding of how money enters and exits your business. The cost is that your books will be more complicated.
Your chart of accounts could be a spreadsheet or even a text document. Accounting software will have a separate section or tab for it.
Here's an example of a straightforward chart of accounts. Assume you're going to list your laneway house on Airbnb:
Step 4: Create your journal
Your journal is the heart of your accounting system. This is where you keep track.
PAYABLES METHODOLOGY | MERU ACCOUNTING
Accounts payable and its management is a critical business process that allows an entity to effectively manage its payable obligations. Accounts payable is the amount owed by an entity to its vendors/suppliers for goods and services received. To elaborate, once an entity orders goods and receives them before paying for them, it should record a liability in its books of accounts based on the invoice amount. Accounts payable refers to this short-term liability owed to suppliers, vendors, and others.
Once the vendor is paid for the unpaid purchases, the corresponding amount is deducted from the accounts payable balance.
What is the significance of Accounts Payable and its management?
Accounts payable and their management are critical to the smooth operation of any business entity. It is critical for any company because:
It is primarily responsible for timely payment of the entity's bills. This is critical in order to maintain strong credit and long-term relationships with vendors.
Only by paying invoices on time will vendors ensure an uninterrupted flow of supplies and services, which will aid in the systematic flow of business.
A good accounts payable process ensures that there are no overdue charges, penalties, or late fees.
The well-organized accounts payable process ensures that all invoices are tracked and paid on time. This will help you avoid missing payments and paying twice.
It also enables businesses to better manage their cash flows (i.e. making payments only when due, using the credit facility provided by the vendor, etc.)
Following a strict accounts payable process can help to reduce fraud and theft to a greater extent.
Accounts payable balances must be recorded accurately for a company's financial statements to be complete and accurate. These payables must be handled efficiently and correctly.
Process of Accounts Payable
Every business will have an accounts payable department, and the structure will vary depending on the size of the company. The accounts payable section is organised based on the expected number of vendors and service providers, the volume of payments that will be processed over time, and the type of reports that will be required by management. A small entity, for example, with fewer purchase transactions, would require a basic accounts payable process.
BOOKKEEPING PRACTICES & METHODOLOGY| REAL ESTATE | MERU ACCOUNTING
When it comes to keeping track of clients, listings, finances, and expanding personal business networks, professional real estate agents have a lot on their plates.
Success requires not only the ability to connect, sell, and close sales, but also a working knowledge of administrative best practises. While real estate accounting principles may not be the first thing that comes to mind for many agents, they can make or break your success.
Accounting in real estate paves the way for accurate reports and records throughout the buying and selling processes. It also allows agents to secure their personal financial situations and stay organised for important tax collection and compliance activities.
Real estate agents cannot afford to be surprised when it comes to good, strong accounting procedures. Whether you're a new or seasoned real estate agent or property management professional, the knowledge and tools in this guide can help you:
1) Improve your understanding of the foundation and importance of good accounting.
2) Discover the distinctions between bookkeeping and accounting.
3) Adopt industry best practices for how you manage your expenses
4) Simplify your processes to free up more time for critical business activities.
5) Discover the next steps in selecting a software or platform that works for you.
Why Do Real Estate Agents Require Accounting Services?
Effective accounting procedures are required for real estate agents for a variety of reasons, some of which are dependent on the type of real estate activities that a person manages.
Whether you work on small-scale real estate transactions or large-scale corporate contracts, having the right accounting structure is critical. Real estate accounting is essential for several reasons, including:
- The ability to gain a high-level view of your own financial situation
- Insight into your company's year-over-year growth
- The ability to manage your cash flow and spot potential red flags
- Having a streamlined process for producing annual tax returns
- Examining your outgoing expenses in order to make timely payments.
Contact MERU ACCOUNTING for more methodology and bookkeeping practices.
BOOKKEEPING FOR NON PROFITS IN UNITED STATES | MERU ACCOUNTING
Nonprofit Organization Accounting
From houses of worship to youth organisations to neighbourhood business meetings, non-profit organisations make our communities more bearable.
Because not-for-profit organisations do not have business owners, they rely on reserves from commitments, participation contributions, programme earnings, fund-raising events, open and private awards, and venture salaries.
We intend to introduce some fundamental concepts unique to non-profit accounting.
Significant aspects of non-profit accounting include:
Taxability of the received donation: It provides a detailed breakdown of all the donations they received over the course of a year. It is critical that non-profit organisations keep track of the donations they receive and from whom they accept them. Except for a few exceptions for property income or capital gains, non-profits are exempt from paying income tax.
Various donations were received:
Unrestricted commitment income: If the giver does not express the reason for the commitment, it is classified as unrestricted commitment income.
Temporarily restricted net assets: If the donor specifies the use of the donation, it will be classified as temporarily restricted net assets.
Net assets that are permanently restricted:
These are donations that the recipient can never use in perpetuity at any point in time.
Accounting for Expenses: Expenses vs Expenditure done- Accounting of the expenses done for the long run that can be en-cashed, and the cost incurred to meet every day and current financial needs of the business, generally for a short term is dealt with.
Spending from Corpus: Spending from the total collection of donations for a specific purpose.
Budgeting
Budget approval by trustees- A budget is an estimate of revenue and expenses for a given future period. It is then approved by the non-profit organization's trustees following a timely review of financial reports and planning.
Spending vs. budgeting reports- Trustees create the budget report, which is compared to the annual spending report, and then a balance of all spending is created.
Here are some pointers to help non-profits with their bookkeeping!
IRS acceptance
If the IRS approves it, the income of a non-profit entity is exempt from federal income tax.
Donation Recipients' Taxability
Nonprofits are exempt from paying taxes on donations received.
State-level taxes and sales tax
Non-profits are also required to pay sales tax and other taxes based on state requirements.
The Employment Tax
Even if they are exempt from federal income tax, non-profits must pay employment tax.
BOOKKEEPING METHODOLOGY| ODOO | XERO | MERU ACCOUNTING
Today's accounting software solutions
Accounting has traditionally been regarded as a dull and uninteresting aspect of business. However, as the business grows, the accounting department will arguably become one of the most important components in the company's success. Accountants are uniquely positioned to be some of a company's most valuable informational resources. They understand how the organisation works and are well-versed in the organization's current and projected financial position. It is critical for an organization's financial health to provide the accounting team with the tools they require to effectively monitor these factors.
There are numerous accounting software options on the market that can provide the features and reporting functions that accountants require, but where should the search for the best option begin? For their business operations, the majority of growing businesses use a commercial management solution. For these businesses, the ideal solution would be to select accounting software that can be integrated with their current commercial solution. This will save the organisation a significant amount of time and resources.
Accounting software can be installed locally or via a cloud service provider. While both types of software have distinct advantages, online offers are becoming increasingly popular among small and medium-sized businesses (SMBs) due to their ease of use and low cost of implementation.
A GUIDE ON HOW TO WORK REMOTELY | MERU ACCOUNTING
For many years, the future of work has been portrayed as bleak. And now, in the aftermath of the Covid19 situation, we've all been forced to embrace it unexpectedly.
The current pandemic is keeping us indoors and wreaking unimaginable havoc. That means that even companies that have never had employees work from home before are now forced to do so out of necessity.
Working from home introduces a whole new set of challenges. When employees are removed from a team environment, their productivity may suffer.When team members are not in the same location, collaboration becomes difficult. People will rely on technology to do their jobs more than ever before, so it's critical that they have the right collaboration and business process management tools.
Pro Tip: In order to outperform their competitors, businesses must also find and hire the best tech contractors.
Keeping employees productive:
Working from home may be ideal for some people, particularly individual contributors such as writers and coders, but it is not for everyone. This is due to the numerous disadvantages associated with it.
For starters, you're prone to distractions, you're lonely, and you lack motivation. Let's look at what can be done to make remote work enjoyable and productive for teams, whether they are in customer service, marketing, or a dedicated development team.
1. Overcommunicate (brevity is out of the question)
Miscommunication is all too common when working remotely. This is why: When communicating with our team, we frequently keep our messages brief on text. You may believe you've made your point, but your colleagues may be wasting time and effort attempting to interpret what you're saying.
2. Do not overuse follow-ups.
The great thing about remote working is that you can collaborate with coworkers via a variety of channels, including email, text, phone, Slack, and others. That can be both a blessing and a curse.
Many teams have colleagues who are constantly following up on a task across multiple channels. This is nothing more than a constant abuse of the digital medium. When someone constantly pings you for updates, it's natural to feel more stressed and distracted.
3. Make the day more structured.
Working from home has a significant impact on your daily routine. You don't have an office to go to, no coworkers to look forward to, and no reason to dress nicely.
You have a habit of waking up late, staying logged in throughout the day, and eventually extending your work hours far beyond the norm. According to a Buffer survey, the most common issue with remote work is the inability to unplug. This can have serious consequences for your health in the long run. According to a United Nations report, 41 percent of remote workers reported high levels of stress, compared to 25 percent of office workers.
4. Reducing distractions
Don’t be surprised if working from home feels extremely distracting. A recent survey said that 47% of the people who worked from home had difficult
MASTER THE BOOKKEEPING METHODOLOGY FOR YOUR COMPANY | MERU ACCOUNTING
MASTER THE BOOKKEEPING METHODOLOGY FOR YOUR COMPANY | MERU ACCOUNTINGMeru Accounting Private Limited
How to Keep Records for your Business?
Financial records are one of the most important records to keep, especially for small businesses. In reality, most startup companies and small business owners often overlook this aspect of their business record keeping, either because they don't know how to do it correctly or because they simply don't have the time. Many business owners believe that doing it themselves will save them money because hiring a professional to assist them will be too costly. Unfortunately, this mindset can lead to problems later on, as legal record requirements require businesses to keep accurate and timely records.
The most convenient way to keep and maintain your company's financial records is to use accounting software. When you first start your business, organize your records and put them into accounting software. Here are seven more tips to help reduce the stress of financial record keeping and make the task easier.
1. Open Business Bank Accounts
A business must be distinguished from its owners, and the simplest way to do so is to open bank accounts solely for the business. This not only distinguishes the business from the owners but also separates business activities and expenses from personal ones. A business bank account enables you to easily track your company's income and expenses.
2. Do Not Use Cash
It is especially difficult for business owners to keep and maintain proper business financial records when they spend money without proper documentation. Without proper documentation, it is easy to forget how and where money was spent. It is preferable to use a credit or debit card, or a check, rather than cash, because there is a paper trail to follow, and this practice will aid in keeping track of expenses. When you pay with cash instead of other methods of payment, you may be missing out on write-offs because there is no documented proof. If you must use cash, withdraw funds from an ATM and make a note on the receipt of the purpose of the transaction.
3. Establish a Weekly Timetable
If you are going to keep and maintain your company's records, make sure to set aside a specific time each week to keep your records up to date. Spend time each week reviewing your income and expenses, as well as managing your accounts receivable and payable. Setting a schedule will help you stay on top of your financial records, provide you with the necessary overview of how your business is doing, and allow you to control your cash flow.
METHODOLOGY OF WORK FOR VIRTUAL ACCOUNTING PROCESS | MERU ACCOUNTING
What is a Virtual Accountant?
Simply put, a virtual accountant is an accountant who works online. A virtual accountant is available through online communications rather than working in your office or being outsourced locally. Virtual accountants work online to provide complete, boutique accounting services on demand.
What Services Can a Virtual Accountant/Bookkeeper Provide?
A virtual accountant can do everything that a traditional accountant can do for you as a business owner. A virtual accountant assists you in setting up your books, keeping your records accurate and up to date, and performing A/R and A/P tasks.
Accounts receivable: Collect and process incoming payments on time to ensure the company's cash flow.
Accounts payable: Ensure that bills are paid on time, maintain vendor relationships, and avoid cash flow issues.
Reporting: Provide income/expense reports and general ledger reports to ensure that business owners understand their financial situation.
Check that bank accounts are reconciled within accounting software and that the accounting software is accurate.
Even better, virtual bookkeeping services can provide small business owners with general accounting services at a fraction of the cost of traditional bookkeeping services.
Rather than hiring an internal bookkeeper, a business owner can supplement their operations with a virtual bookkeeper.
Virtual bookkeepers are much more affordable and accessible to business owners and can be hired at a much lower rate.
Traditional Accounting vs. Virtual Bookkeeping
Working online is what distinguishes virtual bookkeeping from traditional accounting. A virtual bookkeeper will provide the same services and have the same credentials in every other way.
Virtual accountants can provide accounting services to clients at a lower cost than traditional accounting firms because they do not have to pay for overhead, such as large brick-and-mortar offices.
A virtual bookkeeper should be able to perform virtual bookkeeping to the same or higher standards as an in-person accountant.
Meetings with your virtual bookkeeper will most likely take place via video conferencing software such as Zoom.
What Do You Need to Begin?
How do small business owners begin offering bookkeeping services? To get started with any accounting services, you should have the following items on hand:
Your most recent year's tax returns, as well as any payments you've made.
To manage it, you'll need access to your accounting software.
Any other financial management software you use.
Statements from your bank and credit cards
Data on hiring or other business decisions.
Any asset accounts? (such as retirement accounts).
Any debt accounts? (such as credit cards and loans).
BOOKKEEPING METHODOLOGY | MERU ACCOUNTING
Bookkeeping Objectives
Understanding the bookkeeping objective will assist us in easily understanding the methods and types.
Absolute transaction recording- It is concerned with keeping a complete and permanent record of all transactions in a systematic and logical manner in order to demonstrate their financial impact on the business.
Determining the financial impact on the business- It is concerned with the overall impact of all transactions made during the accounting period on the financial position of the business.
Bookkeeping System Types
The two most common methods are single-entry and double-entry bookkeeping. While each has advantages and disadvantages, the business must select the one that is best suited to their needs.
Accounting Software
System of Single Entry Bookkeeping:
a. The single entry bookkeeping system necessitates the recording of one entry for each financial activity or transaction.
b. A single entry bookkeeping system is a basic system that a business can use to record daily receipts or generate a daily or weekly cash flow report.
System of Double Entry Bookkeeping:
a. Each financial transaction must be recorded twice in the double-entry bookkeeping system.
b. The double entry system ensures checks and balances by recording a credit entry for every debit entry.
c. The double-entry bookkeeping system is not based on cash. When a debt is incurred or revenue is earned, a transaction is entered.
Bookkeeping Methods
Bookkeeping Methodology Manual
It is a traditional and paper-based method of bookkeeping.
Transactions are manually recorded by hand using a paper book of accounts such as a journal-register, ledger books, and so on. This method is commonly used by small businesses with less complex business transactions.
Cheaper and easier to maintain, but requires a lot of skill and time, and can be a tedious task at times.
Bookkeeping Methodology Using Computers
A novel approach to recording business transactions.
For recording transactions, accounting and bookkeeping software such as Tally.ERP 9 is used.
A simpler, faster, and more convenient method of recording business transactions.
Eliminates the time-consuming tasks associated with manual bookkeeping.
Financial reports that are reliable and accurate are possible.
BOOKKEEPING FOR SHOPIFY SALES | MERU ACCOUNTING
Shopify is a popular online selling platform. However, Shopify bookkeeping presents some unique challenges. The main issue is that customers can pay in a variety of ways, each of which deposits to your bank differently and charges different fees. In this post, I'll go over the best practices for recording Shopify sales and fees in QuickBooks Online.
When selling on an ecommerce platform like Shopify, you should make sure that your ecommerce bookkeeper or ecommerce accountant understands how revenue and fees are paid. It is critical that all revenue be recorded, as well as all fees. The cash deposits you receive are usually net after fees have been deducted. You may also be using Shopify's payment plan options, which require you to record the transactions in accordance with how the funds are received.
An ecommerce bookkeeper should be familiar with the Shopify reports. They should be able to pull the reports and enter the necessary data without your assistance. They should also be able to advise you on the permission levels they require to work independently.
ACCOUNTING AND BOOKKEEPING FOR TRADING FIRMS | MERU ACCOUNTING
Many trading businesses operate with only a few accounting details, which can be detrimental to their brand reputation. As a result, at Adequate Bookkeeping, we provide the best accounting solutions for trading firms all over the world. We have been providing account outsourcing services to sole traders in a variety of industries for many years, including medical instrument suppliers, engineering equipment manufacturers, healthcare, textile companies, agricultural product suppliers, and clothing companies.
Our experts understand your specific business needs and provide the best solutions. We also assist you with the bookkeeping process, taxation law in your country, and duties. In short, we are a one-stop shop for all of your needs!
Accounting and Bookkeeping Services for Stock Brokers
Payroll Administration
We have a lot of experience with payroll management at Adequate Bookkeeping. This is possible thanks to our simple and efficient solutions for paying site workers and employees.
Management of Receivables
Our highly trained experts provide accurate receivables management services to our clients by ensuring on-time invoice delivery and payment.
Typical Accounting Statements
Our clients receive regular account statements. As a result, they can take a close look at their companies' current situation and make informed decisions.
Management of Cash Flow
Through regular account monitoring, we aim to provide the best cash flow management services to our clients. As a result, any discrepancies and cash flow shortages can be easily avoided.
Tax Preparation
Our clients benefit from our accurate and efficient tax analysis services. As a result, they can plan their taxes ahead of time, avoiding last-minute panic.
Batch Profitability
Our clients can assess their profitability per batch for completed trades using our services. As a result, clients are empowered to maintain proper inventory control and management, as well as accurately track profits.
Taxation
Our clients receive the best taxation services available. So that they don't have to waste time preparing data and filing taxes, they gain the freedom to work on important aspects of their business.
Accounting Is Important in the Trading Business Accounting is an important aspect of the trading business that must be managed properly. For many years, we have provided the best trading bookkeeping and accounting services to stockbrokers. Throughout the fiscal year, we maintain close contact with our clients and provide services based on their needs. Our experts have been trained to provide practical assistance and advice in the areas of business planning, tax planning, financial report preparation, and personal financial planning.
Accounting can be a difficult task to manage when you are new to the trading business. That is why we are here for you; our accounting experts will advise you on how to effectively manage your business in terms of filing taxes.
So, what are you waiting for? Get in touch with us!
ACCOUNTING FOR GEMS AND JEWELRY EXPOETERS | MERU ACCOUNTING
There are some risks associated with the Gems and Jewellery export industry, such as gold prices, foreign taxes, currency fluctuation risk, credit risk, and so on. Adequate Bookkeeping understands these risk factors and offers the best solution to address them. Similarly, we cover all accounting aspects of the Gems and Jewellery export industry.
Our professionals will assist you in organising all of your inventory and accounts. As a result, you will be aware of your cash flow pulse. We always believe in efficiency, automation, and modern technology when delivering our services so that our clients receive added value.
Sales and Use Tax Bookkeeping and Accounting Services for Jewelers and Gem Exporters
We have many years of experience in providing Jewellery specialty services, which enables us to effectively guide your business in complying with local, state, and federal Sales and Use Tax requirements.
Preparation and Filing of Taxes
Our specialists will assist your company with understanding, preparing, and filing annual, quarterly, and monthly payroll, income tax returns, and sales and corporate reporting.
Money Laundering Prevention
Adequate Bookkeeping assists Gems and Jewellery exporters in maintaining compliance for a comprehensive Anti-Money Laundering programme.
Profit Increase
Our primary goal is to assist businesses in increasing their profit margins by handling tax compliance.
Bookkeeping
We can assist your business in keeping accurate, complete, and up-to-date financial records. In this manner, we concentrate on regulations, accounting processes, and other requirements for Gems and Jewellery businesses.
Receipts and Invoices
Invoicing can be a difficult process to manage for the Gems and Jewellery export industry. We are skilled at setting up recurring invoices for our clients, which would effectively handle this prospect.
Receivables Administration
Adequate Bookkeeping completes all accounting tasks for your company on time. As a result of our services, managing receivables will become very simple and quick.
Inventory Control
We keep track of inventories with trade deals by using the best accounting software designed specifically for your needs.
Capital Cost Management
Our expert professionals understand the importance of capital cost management in the jewellery industry and can help you with it.
Why Should You Use Our Gems and Jewellery Accounting Solutions?
Accounting solutions for jewellers assist them in effectively organising their inventory and accounts. Bookkeeping is a critical component that must be managed using modern technology. Our goal at Adequate Bookkeeping is to manage your company's bookkeeping and financials. We act as your financial partner to help you manage your Jewellery business effectively.
We design a creative problem-solving approach that ensures the smooth and effective execution of your business processes in order to meet your business objectives.
BOOKKEEPING FOT THE WHOLESALE INDUSTRY | MERU ACCOUNTING
Accounting for Wholesale/Distribution
Running a wholesale and distribution business entails keeping track of your cash flow and inventory in order to turn a profit. Shannon & Associates can help you make the most of your money. Our experienced accountants and consultants can help you understand the relationships between your inventory, margins, and cash flow by translating your business numbers into real information. We've assisted other wholesale and distribution companies in growing, and now it's your turn.
Manage your cash flow
Understand when and how much to invest in inventory, as well as when to make capital expenditures. We'll give you advice on timing and tax implications that will affect your bottom line.
Keep track of your inventory.
Because of our extensive accounting experience, we can assist you in managing your inventory in a cost-effective manner. We will assist you in optimising your warehouse/facilities use and flow, as well as balancing your working capital requirements against the inventory you must keep on hand, so that both the cash flow and the stock are at optimal levels.
Transportation expenses
The cost of transportation is a major concern for the distribution industry. When gas prices rise, for example, your costs will rise, and you must act quickly. With our firm assisting you in determining your true costs, you will be able to respond skillfully to any changes in transportation costs.
Conducting business elsewhere
Filing and paying income tax outside of the state is dependent on the distribution. Do you know how to pay taxes in another state or country? We do. And we'll make certain you pay the correct ones. Our membership in Nexia International keeps us connected to resources all over the country and the world. As a result, we have access to tax experts in other states and countries.
Make well-informed decisions.
We can assist you in making sound capital investment decisions. If your company has outgrown its current location, for example, we'll consider the factors you'll need to make a financially sound decision about moving, such as whether to lease or buy, or what time of year works best for your accounting system. Or maybe it's time to invest in a large piece of equipment: what's the best way to finance it? Will the timing of a purchase affect the financial implications? We can help you make smarter financial decisions now to improve your future profitability by looking ahead and investigating every possible outcome.
We can also advise you on complex transactions ranging from mergers and acquisitions to business structure. Please contact us for more information.
Power & Infrastructure.pptx
In the power generation industry, effective operational management is always required to maximise return on investment. Electricity is widely regarded as the world's fastest-growing form of energy consumption. In this regard, the power systems are constantly evolving from small and isolated grids to integrated national and international markets.
We, at Adequate Bookkeeping, understand that electricity is generated in a variety of ways such as solar, coal, geothermal, wind, tidal, hydrogen, biomass, wave, hydroelectric, and so on. As a result, we provide the best accounting services in the power infrastructure industry in accordance with the industry's specific and extraordinary requirements.
Management Reporting and Bookkeeping Services for the Power Industry
Our primary goal is to provide you with the best management reporting services possible, including income statements, balance sheets, cash flow statements, trial balances, bank reconciliation reports, and so on. Our periodic reports will assist you in making important business decisions.
Payroll Processing and Administration
We offer power infrastructure firms the best payroll processing services, including payroll setup, payroll tax calculations, and form filling. We ensure that your payroll is managed efficiently and that it runs smoothly. In addition, we offer the simplest and most efficient methods of compensating both site workers and employees.
Depreciation Analysis
We provide a proper analysis of the depreciation along with the valuation of the assets for effectively calculating the operating expenses. We understand that in the Power Industry, the equipment used holds the most importance, and thus, we tailor solutions especially for you.
Taxation Requirement
We, at Adequate Bookkeeping, are involved in providing taxation-related information based on the specific sector and country requirements. It would eliminate all your worries related to calculating and filing taxes.
Accounting Services
We offer the best bookkeeping services to assist in the proper identification and bifurcation of various accounting charts applicable to the energy industry.
Accounts Receivable
We also offer invoice scanning and storage services, as well as vendor inquiries. Not only that, but our experts help with online payment processing and approval.
Accounts Payable
Our experts are capable of providing high-quality services in the areas of customer ageing, collections management, cash forecasting, and reporting. We ensure that payments are received on time so that the cash cycle continues uninterrupted.
In this regard, our experts perform accurate financial analysis that helps our clients in these fields to survive in the future uncertainties. With the help of our efficient accounting management services, we provide our clients with an overview so that they can easily and rapidly grow. After all, our motto is to grow as our clients grow!
BOOKKEEPING FOR TRAVEL & TOURISM | MERU ACCOUNTING
TAKE GOOD CARE OF THE TOURISTS, AND WE WILL TAKE GOOD CARE OF YOU.
Tourism is the second most prosperous industry. Travel agencies have seen an increase in travel trends as a result of digitalization. Remote ticketing and hotel reservations have accelerated the travel agency business even further. Because they provide round-the-clock online service, accurate bookkeeping for travel agencies becomes technical. To properly perform accounting for a travel agency, a professional hand is required.
Improve the travel and tourism experience by improving every stage of hospitality. Concentrate on digital and comfort-conscious clients. Alter Services is here to help you with your travel agency's bookkeeping. We take exceptional care of our customers. We guarantee:
-Cash flow management that is effective
-Keeping the general ledger up to date to monitor the health of the travel agency
-Appropriate cash method revenue recognition
-Regularly maintain a transparent income statement to demonstrate your travel agency's profitability.
BOOKKEEPING FOR TAX RETURN FOR IT SECTOR | MERU ACCOUNTING
Do you own a company in the IT industry? Are you looking for dependable accounting, human resources, or tax consulting services? With the assistance of an experienced firm, you will be able to save money on taxes while focusing on what is most important - growing your business. Working with us ensures that your business runs smoothly and that all documentation is kept correctly and on time. We provide a variety of services, such as bookkeeping, payroll, and tax advice.
Accounting for IT firms: What to look for and what to avoid?
1. An extensive range of services
Our offices provide companies in the IT industry with the following services as part of a comprehensive service for the company:
1. Accounting services,
2. Human resources and payroll services,
3. Cost accounting,
4. Profitability analysis of products,
5. Services, and projects; assistance in fixed asset stocktaking,
6. Financial statement preparation and consolidation with group reports,
7. Support during merger and acquisition procedures, business valuation.
2. Understanding of the specifics of the IT industry
When selecting an accounting firm, an IT company should ensure that the accountants and tax advisors are well-versed in the technology industry and will apply solutions that are tailored to the specific revenue and costs of this type of business. Many technology companies are among our clients. We have the necessary experience to provide dependable service in this industry.
Accounting firm employees who have never worked in the IT industry may struggle to properly record costs for specialised equipment, paid subscriptions or licences for software, or copyrights for unusual (in other industries) works such as source codes.
3. Human resources and payroll - Understanding IT professionals' expectations
Employee issues such as employment type, billing and rewards for IT professionals, and regular non-wage benefits may raise some concerns for less experienced HR personnel.
Our professionals have years of experience in accounting and payroll services for IT companies. Some of them honed their skills in accounting or human resources departments of technology companies, so they understand their characteristics and which issues to prioritise.
IT companies frequently sell their products and services internationally, despite language or legal barriers. This can make the sales process more difficult and limit the company's efficiency. Having local legal and tax advisors on board can assist businesses in addressing these issues and providing better support to international customers.
We can handle all tax and legal paperwork for you and provide you with all necessary documents. We have a strong global network of partners in 153 countries. As a result, we can both help your company expand internationally and provide local services.
ACCOUNTING FOR LOGISTICS INDUSTRY | MERU ACCOUNTINGS
Accounting advice for logistics and transportation firms
A logistics company is one that manages the movement and storage of goods between their point of origin and their final consumption destination. The overall process of acquiring, storing, and then transporting a product to its final destination is referred to as logistics.
We will provide accounting guidance for companies involved in logistics and transportation in the following segment. A list of accounting guidelines for logistics and transportation companies is provided below-
- Follow the International Financial Reporting Standards- Logistics and transportation companies must follow the rules and guidelines established by the International Accounting Standards. This is critical accounting guidance because logistics and transportation companies operate globally and engage in cross-border transactions.
- Follow the guidelines outlined in local legislation- Logistics and transportation companies should adhere to the local rules and guidelines outlined in local legislation. Transportation companies operate on a global scale and engage in cross-border transactions. As a result, they must adhere to international financial reporting standards as well as local authorities' guidelines.
- Produce accounts on a monthly basis- Logistics firms have high transaction volumes. As a result, transportation companies must frequently prepare financial forecasts, cash flow statements, and income statements. This accounting guidance principle is followed in order to effectively manage finances and reduce financial risks. Shipping costs, freight charges, storage costs, oil prices, and other variables are all associated with logistics companies and must be recorded.
- Use the most recent accounting software- For recording financial transactions, logistics and transportation companies should use the most recent accounting software. This is due to the fact that new accounting software provides cloud-based central servers, which allow for faster collaboration and the automation of manual tasks.
Logistics and transportation companies are extremely important in today's world. They deal with hundreds of thousands of financial transactions every day. The accounting process can be complicated due to the sheer volume of these transactions. As a result of the accounting principles mentioned above, we can effectively manage financial recording and accountants in logistics companies.
For more information contact us and visit MERU ACCOUNTING website.
ACCOUNTING FOR PHARMA INDUSTRY | MERU ACCOUNTING
Many businesses, including pharmacies, hire outsourcing partners based on their extensive knowledge and financial management skills. They assist businesses in avoiding tax mistakes when calculating a company's income and expenses. They record all transactions, including costs and income, and prepare financial statements to aid in the preparation of the company's future strategy and planning.
Hiring a perfect bookkeeper who provides the best bookkeeping service is also essential for business success because proper planning can be carried out on a daily basis. The bookkeeper will help clients save time and money while also providing valuable advice and experience. Hiring expert bookkeepers reduces the possibility of making financial mistakes.
Outsourcing and its Advantages: Pharmacy Accounts
Accounting is an essential component of any business; in other words, it is the foundation of any financial institution. Accounting information that is accurate and complete saves businesses money and time.
With all of the necessary information in the records, business accounting service assists in the proper management of costs, inventory, income, and expenses. It also closely monitors invoices and accounts receivable, allowing overpayment of taxes to be avoided.
The outsourcing of accounting service is necessary for pharmaceutical companies as it helps in:
1. Providing various financial information for business activities that will aid in understanding a company's financial position.
2. Management must make an important decision.
3. Accounting systems are used to enter accurate account details.
4. Maintaining and organising invoices within the time frame specified.
5. Providing financial reports that include information about cash inflows and outflows.
6. Budgeting-related information.
7. Strategy and planning for the company's growth.
8. Invoicing information for goods and services provided to clients.
9. Estimated tax liabilities and tax assessment information Personal and business tax preparation is also available.
ACCOUNTING FOR MANUFACTURING BUSINESS | MERU ACCOUNTING
Accounting for a Manufacturing Company:
Accounting for a manufacturing company is concerned with inventory valuation and cost of goods sold. These concepts are uncommon in other types of entities or are dealt with at a more basic level. The ideas are expanded on below.
Inventory Assessment
A manufacturing company must use a certain amount of raw materials, work-in-process inventory, and finished goods in its manufacturing processes, and any ending balances must be properly valued for inclusion on the company balance sheet. The following activities are required for this valuation:
-Assignment of Direct Costs
Inventory costs are assigned using a standard costing, weighted-average cost, or cost layering methodology. For more information, see the standard costing, weighted-average method, FIFO, and LIFO topics.
-Assignment of Overhead Costs
Factory overhead costs must be aggregated into cost pools and then allocated to the number of units produced during a reporting period, increasing the inventory's recorded cost. To reduce the amount of allocation work for the accountant, the number of cost pools should be reduced.
-Testing for Impairment
This activity, also known as the lower of cost or market rule, involves determining whether the amount at which inventory items are recorded is greater than their current market values. If this is the case, the inventory must be written down to market value. This task can be completed at relatively long intervals, such as at the end of each fiscal year.
-Recognized Cost of Goods Sold
At its most basic, cost of goods sold equals beginning inventory plus purchases less ending inventory. Thus, the accuracy of the inventory valuation procedures just described drives the calculation of the cost of goods sold. Furthermore, any out-of-the-ordinary costs incurred, such as excessive scrap, are not recorded in inventory but are instead charged directly to the cost of goods sold. This necessitates a thorough scrap tracking procedure. Costs can also be assigned to specific jobs (known as job costing) and then charged to the cost of goods sold when inventory items in those jobs are sold to customers.
BOOKKEEPING FOR MINING BUSINESS | MERU ACCOUNTING
If investments are made carefully, the mining industry offers numerous opportunities. Adequate Bookkeeping offers a detailed analysis of books of accounts for businesses in the mining industry. We can assist you in determining the viability of your Mining venture. The analysis of books of accounts can aid in the clear determination of account entry and exit times. We can assist you with payroll, accounting, process costing, mineral property & claim allocations, heavy equipment depreciation and identification, inventory, financial reporting needs, depletion, and much more.
Adequate Bookkeeping also offers the best services for daily bookkeeping, payable and receivable management, and so on. We follow a proper system, reporting expenses from the beginning to all processing phases, such as mine digging. We've got your back.
Why MERU ACCOUNTING Bookkeeping?
- We are proficient in various types of bookkeeping services such as double-entry bookkeeping.
- Our qualified resources and infrastructural setup help us in delivering uninterrupted services to our clients.
- We have years of experience in providing the best services to our clients across the globe.
- Our services are affordable along with being of the best quality and advanced.
Mining companies face numerous challenges while in operation. These range from resource access to social and geopolitical risks, a lack of infrastructure, and cost control. Mining companies require an ERP system to position themselves for growth, maintain cost-cutting strategies, and perform performance measures in order to deal with volatile commodity markets. To maintain performance and manage costs, quick response and data alignment across the business are required.
To know more, get in touch with us now!
ACCOUNTING FOR CONSTRUCTION INDUSTRY | MERU ACCOUNTING
Accounting is a critical component of running a successful construction company. However, correctly managing your company's finances does not always come naturally—especially if you are not a numbers person. Furthermore, construction business owners face unique challenges when compared to other types of businesses.
What Makes Construction Accounting Unique?
Because of the nature of the work, per-project pricing, fluctuating operating costs, and other factors, construction accounting is more complex than that most businesses. Construction companies must be able to track and report expenses, bid on projects, manage payroll, and perform a variety of other accounting duties.
The key differences between construction accounting and other types of accounting are listed below.
1. Project-based
Contractors usually handle multiple projects at once and work from project to project. Projects aren't always paid for right away: there may be an upfront deposit required, the construction may be paid in full, or it may take months before the final invoice is settled.
As a result of these factors, construction firms may need to generate separate profit and loss (P&L) statements for each project.
2. Sales
Regular businesses typically provide one to five different types of products or services, whereas construction businesses provide a wide range of services. This may include service work, design services, consulting, engineering, material sourcing, and other activities.
This can make tracking expenses and calculating profits from each service category difficult.
3. Changing Overhead Costs
Construction firms also face fluctuating overhead costs. Consider insurance, travel, workers' compensation, materials, subcontractors, and equipment, among other things. This must be accounted for in your construction accounting.
ACCOUNTING FOR FARMING BUSINESS | MERU ACCOUNTING
Farming and agriculture are, in the grand scheme of things, the foundations upon which the human race can achieve actualization; cities, nations, and societies cannot exist without agriculture. In the grand scheme of things, farming is a trade, a way of life — and a business. Farming, as a business, is subject to the same rules and regulations as all other American businesses.
The significance of proper accounting in agriculture business and farming cannot be overstated. Maintaining good standing with the IRS requires having your books in order and your cash flow accounted for, just like any other business.
However, there are a few significant differences between agricultural accounting and business accounting. These distinctions are most noticeable when it comes to profit-and-loss (PnL) and balance-sheet reporting. The vast majority of agricultural accounting is done on a cash basis. This makes it much easier to understand than most business accounting, which is reported on an accrual basis. Accrual reporting allows for the entry of revenue and expense in the absence of cash transactions, allowing for consistency in financial reporting across companies and industries. This method, however, is far more complicated than reporting on a cash basis.
Agriculture Accounting Using the Cash Method
Because it is simpler and more straightforward than the accrual method, the cash method of accounting is the most commonly used method among farms and agricultural businesses.
A farmer's reported gross income for the tax year should include the following items when using the cash method:
- Sales revenue in cash
- Profits from the sale of real estate and livestock
- Profits from breeding fees and rentals (machinery, land, etc.)
- Farm income from other sources
- Received all taxable subsidies
- Any debt relief obtained
- Other sources of gross income
Income is considered constructively received under the cash method the moment it is credited to a farmer's account, made available without restriction, or received by an authorised agent acting on behalf of the farmer. It is important to note that income is not considered constructively received if it is subject to significant restrictions or limitations upon receipt.
AGED CARE BOOKKEEPING AND ACCOUNTING | MERU ACCOUNTING
The Importance of Financial Management Tools for Aged Care
It is critical to understand that increasing financial success is not just for large aged care organizations.
According to the Australian Government Aged Care Financing Authority's 2015 report on Factors Influencing the Financial Performance of Residential Aged Care Providers, a significant portion of the industry can achieve better financial results. Stronger governance, better financial management, better asset management, and administrative efficiencies can all lead to such improvements.
The report's key findings summarised that, in most cases, providers with any combination of size, location, ownership, and resident care profile can achieve an effective level of financial performance.
Essentially, organizations with strong disciplined management are more likely to achieve higher financial performance.
Important aged care financial management functionality
When it comes to financial management tools, there is a lot to consider, and regardless of which application your organization uses, it is critical to determine which functionality best meets your needs.
Here is a summary of some of the valuable elements of the Epicor Financial Management platform, broken down into four key pillars, to help discuss financial management functionality that could help your business.
The General Ledger
General Ledger (GL) is central to financial management. While other departments in your organization are unlikely to have access to the GL, its impact is widespread.
It is therefore critical that your aged care software has a strong GL to enable accounting controls and system security and ensure the integrity of your financial data.
For example, to operate efficiently and effectively, your aged care software should be able to do the following:
1. Through multiple book functionality, you can enable flexible financial accounting representations.
2. Create a chart of accounts for each book.
3. Post transactions to multiple accounts in multiple books at the same time.
4. Post entries for any period in the current, following, or succeeding years.
5. Without manual entry, automate the allocation of funds across multiple accounts.
6. Define the frequency with which account balances are captured and stored.
7. Consolidate data from various books and/or companies.
Get in touch today and get books of accounts sorted for your aged care business.
ACCOUNTING FOR RENTAL BUSINESS | MERU ACCOUNTING
Rental Property Accounting & Bookkeeping
Renting out your property may appear to be a simple way to supplement your income. However, it is a legitimate business venture that must be treated as such, especially if you have multiple rental properties. So, how does this affect you?
It means you'll have to make sure your financial records are in order so that when the time comes to report your income and file taxes, you'll have everything you need. Accounting and bookkeeping are essential for accurate, IRS-compliant financial reporting. Furthermore, as you are probably aware, rental property income and expenses can be unpredictable, necessitating the ability to forecast and plan using accurate financial records.Understanding these processes can be difficult if you are new to landlording or real estate investing. We are, however, here to assist you with your property accounting. In this post, we'll go over the fundamentals of property accounting, bookkeeping, and taxes to give you a good understanding of these financial responsibilities.
Landlord accounting is important because it allows you to:
Maintain a record of which of your properties are profitable and which are losing money.
Ensure that all financial obligations for each rental property are met.
Prepare financial statements that you can use to forecast and plan future investments or to plan for unexpected expenses.
For your taxes, provide accurate financial information.
What Distinction Does Rental Property Accounting Have From Other Industries?
While the fundamentals of accounting are standardised, each industry has its own quirks to consider. These are some of the unique considerations you should keep in mind when it comes to rental property accounting:
Having enough rental income to cover your expenses
How to Profit from Proper Property Finance Management
The requirement for multiple accounts (one for each property).
Which is better, cash-basis or accrual-basis accounting?
Understanding industry-specific aspects of rental accounting will help you set up an accounting system that will make managing your company's finances easier and more efficient.
Prepare Your Rental Property Finances
Managing rental properties can be difficult, but using the resources at your disposal can make the job much easier. Let us assist you if you have invested in rentals and are finding the financial aspects of being a landlord burdensome. Our financial management services are tailored to your specific needs in order to streamline your workflow and ensure that your bookkeeping, accounting, and taxes are all in order, allowing you to focus on making the most of your investment.
BOOKKEEPING FOR AMAZON SELLERS | MERU ACCOUNTING
Why does bookkeeping matter for Amazon sellers?
You already know how important it is to keep track of the numbers as a business owner and Amazon seller. You will lose valuable sales if you allow your inventory to run out or if you overprice your products.
Bookkeeping is simply the best way to keep track of the numbers that are most important to the financial health of your company. How much money did you invest in the new inventory? How much did you earn from customers? How much money do you pay Amazon? Bookkeeping can assist you in answering some of your most pressing business questions.
Accounting and bookkeeping assist you in recording, organizing, and understanding what is going on in your business. While there are numerous methods for keeping track of this information, jotting it down in a spreadsheet won't suffice for long. Instead, you need a consistent method of tracking financial transactions so you can track how your company is doing over time.
There are numerous reasons why you require good bookkeeping, but here are a few:
1. You must be aware of your net profit. The net profit is calculated by taking your total sales income and deducting the money you spent to make those sales, such as shipping, storage, and purchase fees. When your books are up to date, you'll always have this number handy.
2. You'll need it during tax season. You can't file your taxes unless you know how much you earned, how much you spent, and what your net profit is.
3. You can keep track of your company's financial health. How much did you earn this month? What did you spend last month? What is the cost of shipping to you? Is your company in good shape? The best way to find out is through bookkeeping.
4. Tax breaks are available. Do you want to pay less in taxes? Look for deductions. Tax deductions are business-related expenses incurred during the year that can be deducted from your tax bill. There are numerous tax deductions for eCommerce, but you can't use them if you don't keep track of your expenses.
5. You can get a loan. If you want to borrow money, you must demonstrate that you are a good risk. Bookkeeping financial statements can help you demonstrate to potential investors that their money is in good hands.
6. You can avoid costly mistakes. If you never update your books, you'll never know how much money you've lost due to unintentional errors. Updating your books can help you avoid costly mistakes.
Get in touch today for your amazon seller bookkeeping needs
BOOKKEEPING FOR FRANCHISE BUSINESS | MERU ACCOUNTING
What You Should Know About Franchise Accounting?
When running a business, your first priority should always be to stay afloat and, ideally, make a profit. To do so, you must keep track of your finances and understand your expenses as well as your cash flow.
Accounting can help with this. Whether you own a small pizza shop or want to start your own franchise, proper accounting and bookkeeping are critical components of running a successful business.
Franchise accounting is, for the most part, the same as non-franchise accounting, but there are a few differences to be aware of.
If you're new to entrepreneurship and need assistance getting started with franchise accounting, you've come to the right place. We'll go over everything you need to know about franchise accounting, including how to do it yourself and when to hire a professional.
What Exactly Is Franchise Accounting?
Let us begin by defining accounting. Accounting is simply keeping track of your company's financial transactions.
So, if you close your pizza shop for the day, count the money in the register, and record it in your financial records, you're accounting.
The same basic accounting principles apply to a franchise business: you're still keeping records of your financial transactions, but with franchise accounting, you're doing it in the context of a franchise.
Why should this be given its own designation rather than being lumped in with accounting in general? Franchises have several distinct fees and expenses that are not present in non-franchise situations.
Furthermore, when it comes to hiring a professional, some accountants specialise in franchises, so be specific about what you're looking for.
How to Go About It
Let's get down to business: how exactly do you account for a franchise?
There is no simple solution. Professional accountants usually have a bachelor's degree in accounting or a related field, as well as a professional certification. Accounting for a franchise can be complicated, and you may need to hire a professional.
The application of accounting to franchises is known as franchise accounting. It functions similarly to non-franchise accounting, but it takes into account the unique fees associated with franchises, such as royalty fees, amortising initial fees, and marketing fees.
Although franchisees can learn accounting on their own, hiring a professional accountant is often a good idea. This can assist franchise owners in avoiding mistakes, getting their business off to a good start, staying aware of risks, and saving time so they can focus on other aspects of their business.
Get in touch today for your real franchise bookkeeping needs
ACCOUNTING FOR ADVERTISING INDUSTRY | MERU ACCOUNTING
Advertising enables a company to achieve a variety of operational goals. When a company is dealing with a bad reputation in the marketplace, this practice can often save money by giving the company a much-needed reprieve by improving its appeal to customers, regulators, and investors. A company that is already profitable and has a good reputation can use advertising to increase its market share. Accounting standards dictate how companies must record advertising expenses.
Accounting
Advertising expense appears on a profit and loss statement as an operating cost. A corporate bookkeeper debits the advertising expense account and credits the vendor payables account to record this charge. When the treasurer of the organization issues a check and sends it to the appropriate service provider, the bookkeeper credits the cash account and debits the vendor payables account to return it to zero. Crediting the cash account means reducing company money in accounting terms. When a service provider issues a refund, the organization that receives it adjusts its books by crediting the advertising expense account and debiting the vendor payables account.
Preparation for Trial Balance
Accounting personnel prepares a trial balance after recording how much money a company spent on advertising during a given period. This data summary allows financial managers to verify the accuracy of communication-related items, ensure that bookkeepers debited and credited the correct accounts, and ensure that recorded amounts correspond to source documents such as invoices and engagement letters. These are the cover letters that a company sends to an advertising agency before the actual work begins. The preparation of a trial balance results in a thorough examination of financial statements.
Advertising Financial Reporting Advertising-related financial reporting can refer to two operating scenarios: one in which a company determines effective ways to report cash spent to improve brand awareness, and another in which an advertising agency converts economic events into financial items. In the latter case, advertising fees are recorded as operating revenues and reported on an income statement. This is another name for a profit and loss statement, which is similar to an income report. Brand-related costs reduce the corporate net result for a company that is not in the advertising business, which affects retained earnings and, later, the statement of shareholders' equity.
Accounting for Revenue
When properly executed, an advertising campaign can help a company make more money, improve its market reputation, and cultivate strong relationships with investors and lenders. A corporate bookkeeper credits the corresponding revenue account and debits the customer receivables account to record income. Revenues, like expenses, are essential components of a profit and loss statement.
Get in touch today for your more Advertising bookkeeping needs.
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
一比一原版(GWU,GW毕业证)加利福尼亚大学|尔湾分校毕业证如何办理
GWU,GW毕业证录取书【微信95270640】一比一伪造加利福尼亚大学|尔湾分校文凭@假冒GWU,GW毕业证成绩单+Q微信95270640办理GWU,GW学位证书@仿造GWU,GW毕业文凭证书@购买加利福尼亚大学|尔湾分校毕业证成绩单GWU,GW真实使馆认证/真实留信认证回国人员证明
全套服务：加利福尼亚大学|尔湾分校加利福尼亚大学|尔湾分校毕业证成绩单真实回国人员证明 #真实教育部认证。让您回国发展信心十足#铸就十年品质！信誉！实体公司！可以视频看办公环境样板如需办理真实可查可以先到公司面谈勿轻信小中介黑作坊！
可以提供加利福尼亚大学|尔湾分校钢印 #水印 #烫金 #激光防伪 #凹凸版 #最新版的毕业证 #百分之百让您绝对满意
印刷DHL快递毕业证 #成绩单7个工作日真实大使馆教育部认证1个月。为了达到高水准高效率
请您先以qq或微信的方式对我们的服务进行了解后如果有加利福尼亚大学|尔湾分校加利福尼亚大学|尔湾分校毕业证成绩单帮助再进行电话咨询。
国外毕业证学位证成绩单如何办理：
1客户提供办理信息：姓名生日专业学位毕业时间等（如信息不确定可以咨询顾问：我们有专业老师帮你查询）；
2开始安排制作加利福尼亚大学|尔湾分校毕业证成绩单电子图；
3毕业证成绩单电子版做好以后发送给您确认；
4毕业证成绩单电子版您确认信息无误之后安排制作成品；
5成品做好拍照或者视频给您确认；
6快递给客户（国内顺丰国外DHLUPS等快读邮寄）。口水苦涩无比山娃一边游泳一边念念不忘那元门票尤令山娃气愤的是泳池老板居然硬让父亲买了一大一小二条巴掌般大的裤衩衩走出泳池山娃感觉透身粘粘乎乎散发着药水味有点痒山娃顿时留恋起家乡的小河潺潺活水清凉无比日子就这样孤寂而快乐地过着寂寞之余山娃最神往最开心就是晚上无论多晚多累父亲总要携山娃出去兜风逛夜市流光溢彩人潮涌动的都市夜生活总让山娃目不暇接惊叹不已父亲老问山娃想买什么想吃什么山娃知道父亲赚钱很辛苦在
More Related Content
More from Meru Accounting Private Limited
METHODOLOGY OF WORK FOR VIRTUAL ACCOUNTING PROCESS | MERU ACCOUNTING
What is a Virtual Accountant?
Simply put, a virtual accountant is an accountant who works online. A virtual accountant is available through online communications rather than working in your office or being outsourced locally. Virtual accountants work online to provide complete, boutique accounting services on demand.
What Services Can a Virtual Accountant/Bookkeeper Provide?
A virtual accountant can do everything that a traditional accountant can do for you as a business owner. A virtual accountant assists you in setting up your books, keeping your records accurate and up to date, and performing A/R and A/P tasks.
Accounts receivable: Collect and process incoming payments on time to ensure the company's cash flow.
Accounts payable: Ensure that bills are paid on time, maintain vendor relationships, and avoid cash flow issues.
Reporting: Provide income/expense reports and general ledger reports to ensure that business owners understand their financial situation.
Check that bank accounts are reconciled within accounting software and that the accounting software is accurate.
Even better, virtual bookkeeping services can provide small business owners with general accounting services at a fraction of the cost of traditional bookkeeping services.
Rather than hiring an internal bookkeeper, a business owner can supplement their operations with a virtual bookkeeper.
Virtual bookkeepers are much more affordable and accessible to business owners and can be hired at a much lower rate.
Traditional Accounting vs. Virtual Bookkeeping
Working online is what distinguishes virtual bookkeeping from traditional accounting. A virtual bookkeeper will provide the same services and have the same credentials in every other way.
Virtual accountants can provide accounting services to clients at a lower cost than traditional accounting firms because they do not have to pay for overhead, such as large brick-and-mortar offices.
A virtual bookkeeper should be able to perform virtual bookkeeping to the same or higher standards as an in-person accountant.
Meetings with your virtual bookkeeper will most likely take place via video conferencing software such as Zoom.
What Do You Need to Begin?
How do small business owners begin offering bookkeeping services? To get started with any accounting services, you should have the following items on hand:
Your most recent year's tax returns, as well as any payments you've made.
To manage it, you'll need access to your accounting software.
Any other financial management software you use.
Statements from your bank and credit cards
Data on hiring or other business decisions.
Any asset accounts? (such as retirement accounts).
Any debt accounts? (such as credit cards and loans).
BOOKKEEPING METHODOLOGY | MERU ACCOUNTING
Bookkeeping Objectives
Understanding the bookkeeping objective will assist us in easily understanding the methods and types.
Absolute transaction recording- It is concerned with keeping a complete and permanent record of all transactions in a systematic and logical manner in order to demonstrate their financial impact on the business.
Determining the financial impact on the business- It is concerned with the overall impact of all transactions made during the accounting period on the financial position of the business.
Bookkeeping System Types
The two most common methods are single-entry and double-entry bookkeeping. While each has advantages and disadvantages, the business must select the one that is best suited to their needs.
Accounting Software
System of Single Entry Bookkeeping:
a. The single entry bookkeeping system necessitates the recording of one entry for each financial activity or transaction.
b. A single entry bookkeeping system is a basic system that a business can use to record daily receipts or generate a daily or weekly cash flow report.
System of Double Entry Bookkeeping:
a. Each financial transaction must be recorded twice in the double-entry bookkeeping system.
b. The double entry system ensures checks and balances by recording a credit entry for every debit entry.
c. The double-entry bookkeeping system is not based on cash. When a debt is incurred or revenue is earned, a transaction is entered.
Bookkeeping Methods
Bookkeeping Methodology Manual
It is a traditional and paper-based method of bookkeeping.
Transactions are manually recorded by hand using a paper book of accounts such as a journal-register, ledger books, and so on. This method is commonly used by small businesses with less complex business transactions.
Cheaper and easier to maintain, but requires a lot of skill and time, and can be a tedious task at times.
Bookkeeping Methodology Using Computers
A novel approach to recording business transactions.
For recording transactions, accounting and bookkeeping software such as Tally.ERP 9 is used.
A simpler, faster, and more convenient method of recording business transactions.
Eliminates the time-consuming tasks associated with manual bookkeeping.
Financial reports that are reliable and accurate are possible.
BOOKKEEPING FOR SHOPIFY SALES | MERU ACCOUNTING
Shopify is a popular online selling platform. However, Shopify bookkeeping presents some unique challenges. The main issue is that customers can pay in a variety of ways, each of which deposits to your bank differently and charges different fees. In this post, I'll go over the best practices for recording Shopify sales and fees in QuickBooks Online.
When selling on an ecommerce platform like Shopify, you should make sure that your ecommerce bookkeeper or ecommerce accountant understands how revenue and fees are paid. It is critical that all revenue be recorded, as well as all fees. The cash deposits you receive are usually net after fees have been deducted. You may also be using Shopify's payment plan options, which require you to record the transactions in accordance with how the funds are received.
An ecommerce bookkeeper should be familiar with the Shopify reports. They should be able to pull the reports and enter the necessary data without your assistance. They should also be able to advise you on the permission levels they require to work independently.
ACCOUNTING AND BOOKKEEPING FOR TRADING FIRMS | MERU ACCOUNTING
Many trading businesses operate with only a few accounting details, which can be detrimental to their brand reputation. As a result, at Adequate Bookkeeping, we provide the best accounting solutions for trading firms all over the world. We have been providing account outsourcing services to sole traders in a variety of industries for many years, including medical instrument suppliers, engineering equipment manufacturers, healthcare, textile companies, agricultural product suppliers, and clothing companies.
Our experts understand your specific business needs and provide the best solutions. We also assist you with the bookkeeping process, taxation law in your country, and duties. In short, we are a one-stop shop for all of your needs!
Accounting and Bookkeeping Services for Stock Brokers
Payroll Administration
We have a lot of experience with payroll management at Adequate Bookkeeping. This is possible thanks to our simple and efficient solutions for paying site workers and employees.
Management of Receivables
Our highly trained experts provide accurate receivables management services to our clients by ensuring on-time invoice delivery and payment.
Typical Accounting Statements
Our clients receive regular account statements. As a result, they can take a close look at their companies' current situation and make informed decisions.
Management of Cash Flow
Through regular account monitoring, we aim to provide the best cash flow management services to our clients. As a result, any discrepancies and cash flow shortages can be easily avoided.
Tax Preparation
Our clients benefit from our accurate and efficient tax analysis services. As a result, they can plan their taxes ahead of time, avoiding last-minute panic.
Batch Profitability
Our clients can assess their profitability per batch for completed trades using our services. As a result, clients are empowered to maintain proper inventory control and management, as well as accurately track profits.
Taxation
Our clients receive the best taxation services available. So that they don't have to waste time preparing data and filing taxes, they gain the freedom to work on important aspects of their business.
Accounting Is Important in the Trading Business Accounting is an important aspect of the trading business that must be managed properly. For many years, we have provided the best trading bookkeeping and accounting services to stockbrokers. Throughout the fiscal year, we maintain close contact with our clients and provide services based on their needs. Our experts have been trained to provide practical assistance and advice in the areas of business planning, tax planning, financial report preparation, and personal financial planning.
Accounting can be a difficult task to manage when you are new to the trading business. That is why we are here for you; our accounting experts will advise you on how to effectively manage your business in terms of filing taxes.
So, what are you waiting for? Get in touch with us!
ACCOUNTING FOR GEMS AND JEWELRY EXPOETERS | MERU ACCOUNTING
There are some risks associated with the Gems and Jewellery export industry, such as gold prices, foreign taxes, currency fluctuation risk, credit risk, and so on. Adequate Bookkeeping understands these risk factors and offers the best solution to address them. Similarly, we cover all accounting aspects of the Gems and Jewellery export industry.
Our professionals will assist you in organising all of your inventory and accounts. As a result, you will be aware of your cash flow pulse. We always believe in efficiency, automation, and modern technology when delivering our services so that our clients receive added value.
Sales and Use Tax Bookkeeping and Accounting Services for Jewelers and Gem Exporters
We have many years of experience in providing Jewellery specialty services, which enables us to effectively guide your business in complying with local, state, and federal Sales and Use Tax requirements.
Preparation and Filing of Taxes
Our specialists will assist your company with understanding, preparing, and filing annual, quarterly, and monthly payroll, income tax returns, and sales and corporate reporting.
Money Laundering Prevention
Adequate Bookkeeping assists Gems and Jewellery exporters in maintaining compliance for a comprehensive Anti-Money Laundering programme.
Profit Increase
Our primary goal is to assist businesses in increasing their profit margins by handling tax compliance.
Bookkeeping
We can assist your business in keeping accurate, complete, and up-to-date financial records. In this manner, we concentrate on regulations, accounting processes, and other requirements for Gems and Jewellery businesses.
Receipts and Invoices
Invoicing can be a difficult process to manage for the Gems and Jewellery export industry. We are skilled at setting up recurring invoices for our clients, which would effectively handle this prospect.
Receivables Administration
Adequate Bookkeeping completes all accounting tasks for your company on time. As a result of our services, managing receivables will become very simple and quick.
Inventory Control
We keep track of inventories with trade deals by using the best accounting software designed specifically for your needs.
Capital Cost Management
Our expert professionals understand the importance of capital cost management in the jewellery industry and can help you with it.
Why Should You Use Our Gems and Jewellery Accounting Solutions?
Accounting solutions for jewellers assist them in effectively organising their inventory and accounts. Bookkeeping is a critical component that must be managed using modern technology. Our goal at Adequate Bookkeeping is to manage your company's bookkeeping and financials. We act as your financial partner to help you manage your Jewellery business effectively.
We design a creative problem-solving approach that ensures the smooth and effective execution of your business processes in order to meet your business objectives.
BOOKKEEPING FOT THE WHOLESALE INDUSTRY | MERU ACCOUNTING
Accounting for Wholesale/Distribution
Running a wholesale and distribution business entails keeping track of your cash flow and inventory in order to turn a profit. Shannon & Associates can help you make the most of your money. Our experienced accountants and consultants can help you understand the relationships between your inventory, margins, and cash flow by translating your business numbers into real information. We've assisted other wholesale and distribution companies in growing, and now it's your turn.
Manage your cash flow
Understand when and how much to invest in inventory, as well as when to make capital expenditures. We'll give you advice on timing and tax implications that will affect your bottom line.
Keep track of your inventory.
Because of our extensive accounting experience, we can assist you in managing your inventory in a cost-effective manner. We will assist you in optimising your warehouse/facilities use and flow, as well as balancing your working capital requirements against the inventory you must keep on hand, so that both the cash flow and the stock are at optimal levels.
Transportation expenses
The cost of transportation is a major concern for the distribution industry. When gas prices rise, for example, your costs will rise, and you must act quickly. With our firm assisting you in determining your true costs, you will be able to respond skillfully to any changes in transportation costs.
Conducting business elsewhere
Filing and paying income tax outside of the state is dependent on the distribution. Do you know how to pay taxes in another state or country? We do. And we'll make certain you pay the correct ones. Our membership in Nexia International keeps us connected to resources all over the country and the world. As a result, we have access to tax experts in other states and countries.
Make well-informed decisions.
We can assist you in making sound capital investment decisions. If your company has outgrown its current location, for example, we'll consider the factors you'll need to make a financially sound decision about moving, such as whether to lease or buy, or what time of year works best for your accounting system. Or maybe it's time to invest in a large piece of equipment: what's the best way to finance it? Will the timing of a purchase affect the financial implications? We can help you make smarter financial decisions now to improve your future profitability by looking ahead and investigating every possible outcome.
We can also advise you on complex transactions ranging from mergers and acquisitions to business structure. Please contact us for more information.
Power & Infrastructure.pptx
In the power generation industry, effective operational management is always required to maximise return on investment. Electricity is widely regarded as the world's fastest-growing form of energy consumption. In this regard, the power systems are constantly evolving from small and isolated grids to integrated national and international markets.
We, at Adequate Bookkeeping, understand that electricity is generated in a variety of ways such as solar, coal, geothermal, wind, tidal, hydrogen, biomass, wave, hydroelectric, and so on. As a result, we provide the best accounting services in the power infrastructure industry in accordance with the industry's specific and extraordinary requirements.
Management Reporting and Bookkeeping Services for the Power Industry
Our primary goal is to provide you with the best management reporting services possible, including income statements, balance sheets, cash flow statements, trial balances, bank reconciliation reports, and so on. Our periodic reports will assist you in making important business decisions.
Payroll Processing and Administration
We offer power infrastructure firms the best payroll processing services, including payroll setup, payroll tax calculations, and form filling. We ensure that your payroll is managed efficiently and that it runs smoothly. In addition, we offer the simplest and most efficient methods of compensating both site workers and employees.
Depreciation Analysis
We provide a proper analysis of the depreciation along with the valuation of the assets for effectively calculating the operating expenses. We understand that in the Power Industry, the equipment used holds the most importance, and thus, we tailor solutions especially for you.
Taxation Requirement
We, at Adequate Bookkeeping, are involved in providing taxation-related information based on the specific sector and country requirements. It would eliminate all your worries related to calculating and filing taxes.
Accounting Services
We offer the best bookkeeping services to assist in the proper identification and bifurcation of various accounting charts applicable to the energy industry.
Accounts Receivable
We also offer invoice scanning and storage services, as well as vendor inquiries. Not only that, but our experts help with online payment processing and approval.
Accounts Payable
Our experts are capable of providing high-quality services in the areas of customer ageing, collections management, cash forecasting, and reporting. We ensure that payments are received on time so that the cash cycle continues uninterrupted.
In this regard, our experts perform accurate financial analysis that helps our clients in these fields to survive in the future uncertainties. With the help of our efficient accounting management services, we provide our clients with an overview so that they can easily and rapidly grow. After all, our motto is to grow as our clients grow!
BOOKKEEPING FOR TRAVEL & TOURISM | MERU ACCOUNTING
TAKE GOOD CARE OF THE TOURISTS, AND WE WILL TAKE GOOD CARE OF YOU.
Tourism is the second most prosperous industry. Travel agencies have seen an increase in travel trends as a result of digitalization. Remote ticketing and hotel reservations have accelerated the travel agency business even further. Because they provide round-the-clock online service, accurate bookkeeping for travel agencies becomes technical. To properly perform accounting for a travel agency, a professional hand is required.
Improve the travel and tourism experience by improving every stage of hospitality. Concentrate on digital and comfort-conscious clients. Alter Services is here to help you with your travel agency's bookkeeping. We take exceptional care of our customers. We guarantee:
-Cash flow management that is effective
-Keeping the general ledger up to date to monitor the health of the travel agency
-Appropriate cash method revenue recognition
-Regularly maintain a transparent income statement to demonstrate your travel agency's profitability.
BOOKKEEPING FOR TAX RETURN FOR IT SECTOR | MERU ACCOUNTING
Do you own a company in the IT industry? Are you looking for dependable accounting, human resources, or tax consulting services? With the assistance of an experienced firm, you will be able to save money on taxes while focusing on what is most important - growing your business. Working with us ensures that your business runs smoothly and that all documentation is kept correctly and on time. We provide a variety of services, such as bookkeeping, payroll, and tax advice.
Accounting for IT firms: What to look for and what to avoid?
1. An extensive range of services
Our offices provide companies in the IT industry with the following services as part of a comprehensive service for the company:
1. Accounting services,
2. Human resources and payroll services,
3. Cost accounting,
4. Profitability analysis of products,
5. Services, and projects; assistance in fixed asset stocktaking,
6. Financial statement preparation and consolidation with group reports,
7. Support during merger and acquisition procedures, business valuation.
2. Understanding of the specifics of the IT industry
When selecting an accounting firm, an IT company should ensure that the accountants and tax advisors are well-versed in the technology industry and will apply solutions that are tailored to the specific revenue and costs of this type of business. Many technology companies are among our clients. We have the necessary experience to provide dependable service in this industry.
Accounting firm employees who have never worked in the IT industry may struggle to properly record costs for specialised equipment, paid subscriptions or licences for software, or copyrights for unusual (in other industries) works such as source codes.
3. Human resources and payroll - Understanding IT professionals' expectations
Employee issues such as employment type, billing and rewards for IT professionals, and regular non-wage benefits may raise some concerns for less experienced HR personnel.
Our professionals have years of experience in accounting and payroll services for IT companies. Some of them honed their skills in accounting or human resources departments of technology companies, so they understand their characteristics and which issues to prioritise.
IT companies frequently sell their products and services internationally, despite language or legal barriers. This can make the sales process more difficult and limit the company's efficiency. Having local legal and tax advisors on board can assist businesses in addressing these issues and providing better support to international customers.
We can handle all tax and legal paperwork for you and provide you with all necessary documents. We have a strong global network of partners in 153 countries. As a result, we can both help your company expand internationally and provide local services.
ACCOUNTING FOR LOGISTICS INDUSTRY | MERU ACCOUNTINGS
Accounting advice for logistics and transportation firms
A logistics company is one that manages the movement and storage of goods between their point of origin and their final consumption destination. The overall process of acquiring, storing, and then transporting a product to its final destination is referred to as logistics.
We will provide accounting guidance for companies involved in logistics and transportation in the following segment. A list of accounting guidelines for logistics and transportation companies is provided below-
- Follow the International Financial Reporting Standards- Logistics and transportation companies must follow the rules and guidelines established by the International Accounting Standards. This is critical accounting guidance because logistics and transportation companies operate globally and engage in cross-border transactions.
- Follow the guidelines outlined in local legislation- Logistics and transportation companies should adhere to the local rules and guidelines outlined in local legislation. Transportation companies operate on a global scale and engage in cross-border transactions. As a result, they must adhere to international financial reporting standards as well as local authorities' guidelines.
- Produce accounts on a monthly basis- Logistics firms have high transaction volumes. As a result, transportation companies must frequently prepare financial forecasts, cash flow statements, and income statements. This accounting guidance principle is followed in order to effectively manage finances and reduce financial risks. Shipping costs, freight charges, storage costs, oil prices, and other variables are all associated with logistics companies and must be recorded.
- Use the most recent accounting software- For recording financial transactions, logistics and transportation companies should use the most recent accounting software. This is due to the fact that new accounting software provides cloud-based central servers, which allow for faster collaboration and the automation of manual tasks.
Logistics and transportation companies are extremely important in today's world. They deal with hundreds of thousands of financial transactions every day. The accounting process can be complicated due to the sheer volume of these transactions. As a result of the accounting principles mentioned above, we can effectively manage financial recording and accountants in logistics companies.
For more information contact us and visit MERU ACCOUNTING website.
ACCOUNTING FOR PHARMA INDUSTRY | MERU ACCOUNTING
Many businesses, including pharmacies, hire outsourcing partners based on their extensive knowledge and financial management skills. They assist businesses in avoiding tax mistakes when calculating a company's income and expenses. They record all transactions, including costs and income, and prepare financial statements to aid in the preparation of the company's future strategy and planning.
Hiring a perfect bookkeeper who provides the best bookkeeping service is also essential for business success because proper planning can be carried out on a daily basis. The bookkeeper will help clients save time and money while also providing valuable advice and experience. Hiring expert bookkeepers reduces the possibility of making financial mistakes.
Outsourcing and its Advantages: Pharmacy Accounts
Accounting is an essential component of any business; in other words, it is the foundation of any financial institution. Accounting information that is accurate and complete saves businesses money and time.
With all of the necessary information in the records, business accounting service assists in the proper management of costs, inventory, income, and expenses. It also closely monitors invoices and accounts receivable, allowing overpayment of taxes to be avoided.
The outsourcing of accounting service is necessary for pharmaceutical companies as it helps in:
1. Providing various financial information for business activities that will aid in understanding a company's financial position.
2. Management must make an important decision.
3. Accounting systems are used to enter accurate account details.
4. Maintaining and organising invoices within the time frame specified.
5. Providing financial reports that include information about cash inflows and outflows.
6. Budgeting-related information.
7. Strategy and planning for the company's growth.
8. Invoicing information for goods and services provided to clients.
9. Estimated tax liabilities and tax assessment information Personal and business tax preparation is also available.
ACCOUNTING FOR MANUFACTURING BUSINESS | MERU ACCOUNTING
Accounting for a Manufacturing Company:
Accounting for a manufacturing company is concerned with inventory valuation and cost of goods sold. These concepts are uncommon in other types of entities or are dealt with at a more basic level. The ideas are expanded on below.
Inventory Assessment
A manufacturing company must use a certain amount of raw materials, work-in-process inventory, and finished goods in its manufacturing processes, and any ending balances must be properly valued for inclusion on the company balance sheet. The following activities are required for this valuation:
-Assignment of Direct Costs
Inventory costs are assigned using a standard costing, weighted-average cost, or cost layering methodology. For more information, see the standard costing, weighted-average method, FIFO, and LIFO topics.
-Assignment of Overhead Costs
Factory overhead costs must be aggregated into cost pools and then allocated to the number of units produced during a reporting period, increasing the inventory's recorded cost. To reduce the amount of allocation work for the accountant, the number of cost pools should be reduced.
-Testing for Impairment
This activity, also known as the lower of cost or market rule, involves determining whether the amount at which inventory items are recorded is greater than their current market values. If this is the case, the inventory must be written down to market value. This task can be completed at relatively long intervals, such as at the end of each fiscal year.
-Recognized Cost of Goods Sold
At its most basic, cost of goods sold equals beginning inventory plus purchases less ending inventory. Thus, the accuracy of the inventory valuation procedures just described drives the calculation of the cost of goods sold. Furthermore, any out-of-the-ordinary costs incurred, such as excessive scrap, are not recorded in inventory but are instead charged directly to the cost of goods sold. This necessitates a thorough scrap tracking procedure. Costs can also be assigned to specific jobs (known as job costing) and then charged to the cost of goods sold when inventory items in those jobs are sold to customers.
BOOKKEEPING FOR MINING BUSINESS | MERU ACCOUNTING
If investments are made carefully, the mining industry offers numerous opportunities. Adequate Bookkeeping offers a detailed analysis of books of accounts for businesses in the mining industry. We can assist you in determining the viability of your Mining venture. The analysis of books of accounts can aid in the clear determination of account entry and exit times. We can assist you with payroll, accounting, process costing, mineral property & claim allocations, heavy equipment depreciation and identification, inventory, financial reporting needs, depletion, and much more.
Adequate Bookkeeping also offers the best services for daily bookkeeping, payable and receivable management, and so on. We follow a proper system, reporting expenses from the beginning to all processing phases, such as mine digging. We've got your back.
Why MERU ACCOUNTING Bookkeeping?
- We are proficient in various types of bookkeeping services such as double-entry bookkeeping.
- Our qualified resources and infrastructural setup help us in delivering uninterrupted services to our clients.
- We have years of experience in providing the best services to our clients across the globe.
- Our services are affordable along with being of the best quality and advanced.
Mining companies face numerous challenges while in operation. These range from resource access to social and geopolitical risks, a lack of infrastructure, and cost control. Mining companies require an ERP system to position themselves for growth, maintain cost-cutting strategies, and perform performance measures in order to deal with volatile commodity markets. To maintain performance and manage costs, quick response and data alignment across the business are required.
To know more, get in touch with us now!
ACCOUNTING FOR CONSTRUCTION INDUSTRY | MERU ACCOUNTING
Accounting is a critical component of running a successful construction company. However, correctly managing your company's finances does not always come naturally—especially if you are not a numbers person. Furthermore, construction business owners face unique challenges when compared to other types of businesses.
What Makes Construction Accounting Unique?
Because of the nature of the work, per-project pricing, fluctuating operating costs, and other factors, construction accounting is more complex than that most businesses. Construction companies must be able to track and report expenses, bid on projects, manage payroll, and perform a variety of other accounting duties.
The key differences between construction accounting and other types of accounting are listed below.
1. Project-based
Contractors usually handle multiple projects at once and work from project to project. Projects aren't always paid for right away: there may be an upfront deposit required, the construction may be paid in full, or it may take months before the final invoice is settled.
As a result of these factors, construction firms may need to generate separate profit and loss (P&L) statements for each project.
2. Sales
Regular businesses typically provide one to five different types of products or services, whereas construction businesses provide a wide range of services. This may include service work, design services, consulting, engineering, material sourcing, and other activities.
This can make tracking expenses and calculating profits from each service category difficult.
3. Changing Overhead Costs
Construction firms also face fluctuating overhead costs. Consider insurance, travel, workers' compensation, materials, subcontractors, and equipment, among other things. This must be accounted for in your construction accounting.
ACCOUNTING FOR FARMING BUSINESS | MERU ACCOUNTING
Farming and agriculture are, in the grand scheme of things, the foundations upon which the human race can achieve actualization; cities, nations, and societies cannot exist without agriculture. In the grand scheme of things, farming is a trade, a way of life — and a business. Farming, as a business, is subject to the same rules and regulations as all other American businesses.
The significance of proper accounting in agriculture business and farming cannot be overstated. Maintaining good standing with the IRS requires having your books in order and your cash flow accounted for, just like any other business.
However, there are a few significant differences between agricultural accounting and business accounting. These distinctions are most noticeable when it comes to profit-and-loss (PnL) and balance-sheet reporting. The vast majority of agricultural accounting is done on a cash basis. This makes it much easier to understand than most business accounting, which is reported on an accrual basis. Accrual reporting allows for the entry of revenue and expense in the absence of cash transactions, allowing for consistency in financial reporting across companies and industries. This method, however, is far more complicated than reporting on a cash basis.
Agriculture Accounting Using the Cash Method
Because it is simpler and more straightforward than the accrual method, the cash method of accounting is the most commonly used method among farms and agricultural businesses.
A farmer's reported gross income for the tax year should include the following items when using the cash method:
- Sales revenue in cash
- Profits from the sale of real estate and livestock
- Profits from breeding fees and rentals (machinery, land, etc.)
- Farm income from other sources
- Received all taxable subsidies
- Any debt relief obtained
- Other sources of gross income
Income is considered constructively received under the cash method the moment it is credited to a farmer's account, made available without restriction, or received by an authorised agent acting on behalf of the farmer. It is important to note that income is not considered constructively received if it is subject to significant restrictions or limitations upon receipt.
AGED CARE BOOKKEEPING AND ACCOUNTING | MERU ACCOUNTING
The Importance of Financial Management Tools for Aged Care
It is critical to understand that increasing financial success is not just for large aged care organizations.
According to the Australian Government Aged Care Financing Authority's 2015 report on Factors Influencing the Financial Performance of Residential Aged Care Providers, a significant portion of the industry can achieve better financial results. Stronger governance, better financial management, better asset management, and administrative efficiencies can all lead to such improvements.
The report's key findings summarised that, in most cases, providers with any combination of size, location, ownership, and resident care profile can achieve an effective level of financial performance.
Essentially, organizations with strong disciplined management are more likely to achieve higher financial performance.
Important aged care financial management functionality
When it comes to financial management tools, there is a lot to consider, and regardless of which application your organization uses, it is critical to determine which functionality best meets your needs.
Here is a summary of some of the valuable elements of the Epicor Financial Management platform, broken down into four key pillars, to help discuss financial management functionality that could help your business.
The General Ledger
General Ledger (GL) is central to financial management. While other departments in your organization are unlikely to have access to the GL, its impact is widespread.
It is therefore critical that your aged care software has a strong GL to enable accounting controls and system security and ensure the integrity of your financial data.
For example, to operate efficiently and effectively, your aged care software should be able to do the following:
1. Through multiple book functionality, you can enable flexible financial accounting representations.
2. Create a chart of accounts for each book.
3. Post transactions to multiple accounts in multiple books at the same time.
4. Post entries for any period in the current, following, or succeeding years.
5. Without manual entry, automate the allocation of funds across multiple accounts.
6. Define the frequency with which account balances are captured and stored.
7. Consolidate data from various books and/or companies.
Get in touch today and get books of accounts sorted for your aged care business.
ACCOUNTING FOR RENTAL BUSINESS | MERU ACCOUNTING
Rental Property Accounting & Bookkeeping
Renting out your property may appear to be a simple way to supplement your income. However, it is a legitimate business venture that must be treated as such, especially if you have multiple rental properties. So, how does this affect you?
It means you'll have to make sure your financial records are in order so that when the time comes to report your income and file taxes, you'll have everything you need. Accounting and bookkeeping are essential for accurate, IRS-compliant financial reporting. Furthermore, as you are probably aware, rental property income and expenses can be unpredictable, necessitating the ability to forecast and plan using accurate financial records.Understanding these processes can be difficult if you are new to landlording or real estate investing. We are, however, here to assist you with your property accounting. In this post, we'll go over the fundamentals of property accounting, bookkeeping, and taxes to give you a good understanding of these financial responsibilities.
Landlord accounting is important because it allows you to:
Maintain a record of which of your properties are profitable and which are losing money.
Ensure that all financial obligations for each rental property are met.
Prepare financial statements that you can use to forecast and plan future investments or to plan for unexpected expenses.
For your taxes, provide accurate financial information.
What Distinction Does Rental Property Accounting Have From Other Industries?
While the fundamentals of accounting are standardised, each industry has its own quirks to consider. These are some of the unique considerations you should keep in mind when it comes to rental property accounting:
Having enough rental income to cover your expenses
How to Profit from Proper Property Finance Management
The requirement for multiple accounts (one for each property).
Which is better, cash-basis or accrual-basis accounting?
Understanding industry-specific aspects of rental accounting will help you set up an accounting system that will make managing your company's finances easier and more efficient.
Prepare Your Rental Property Finances
Managing rental properties can be difficult, but using the resources at your disposal can make the job much easier. Let us assist you if you have invested in rentals and are finding the financial aspects of being a landlord burdensome. Our financial management services are tailored to your specific needs in order to streamline your workflow and ensure that your bookkeeping, accounting, and taxes are all in order, allowing you to focus on making the most of your investment.
BOOKKEEPING FOR AMAZON SELLERS | MERU ACCOUNTING
Why does bookkeeping matter for Amazon sellers?
You already know how important it is to keep track of the numbers as a business owner and Amazon seller. You will lose valuable sales if you allow your inventory to run out or if you overprice your products.
Bookkeeping is simply the best way to keep track of the numbers that are most important to the financial health of your company. How much money did you invest in the new inventory? How much did you earn from customers? How much money do you pay Amazon? Bookkeeping can assist you in answering some of your most pressing business questions.
Accounting and bookkeeping assist you in recording, organizing, and understanding what is going on in your business. While there are numerous methods for keeping track of this information, jotting it down in a spreadsheet won't suffice for long. Instead, you need a consistent method of tracking financial transactions so you can track how your company is doing over time.
There are numerous reasons why you require good bookkeeping, but here are a few:
1. You must be aware of your net profit. The net profit is calculated by taking your total sales income and deducting the money you spent to make those sales, such as shipping, storage, and purchase fees. When your books are up to date, you'll always have this number handy.
2. You'll need it during tax season. You can't file your taxes unless you know how much you earned, how much you spent, and what your net profit is.
3. You can keep track of your company's financial health. How much did you earn this month? What did you spend last month? What is the cost of shipping to you? Is your company in good shape? The best way to find out is through bookkeeping.
4. Tax breaks are available. Do you want to pay less in taxes? Look for deductions. Tax deductions are business-related expenses incurred during the year that can be deducted from your tax bill. There are numerous tax deductions for eCommerce, but you can't use them if you don't keep track of your expenses.
5. You can get a loan. If you want to borrow money, you must demonstrate that you are a good risk. Bookkeeping financial statements can help you demonstrate to potential investors that their money is in good hands.
6. You can avoid costly mistakes. If you never update your books, you'll never know how much money you've lost due to unintentional errors. Updating your books can help you avoid costly mistakes.
Get in touch today for your amazon seller bookkeeping needs
BOOKKEEPING FOR FRANCHISE BUSINESS | MERU ACCOUNTING
What You Should Know About Franchise Accounting?
When running a business, your first priority should always be to stay afloat and, ideally, make a profit. To do so, you must keep track of your finances and understand your expenses as well as your cash flow.
Accounting can help with this. Whether you own a small pizza shop or want to start your own franchise, proper accounting and bookkeeping are critical components of running a successful business.
Franchise accounting is, for the most part, the same as non-franchise accounting, but there are a few differences to be aware of.
If you're new to entrepreneurship and need assistance getting started with franchise accounting, you've come to the right place. We'll go over everything you need to know about franchise accounting, including how to do it yourself and when to hire a professional.
What Exactly Is Franchise Accounting?
Let us begin by defining accounting. Accounting is simply keeping track of your company's financial transactions.
So, if you close your pizza shop for the day, count the money in the register, and record it in your financial records, you're accounting.
The same basic accounting principles apply to a franchise business: you're still keeping records of your financial transactions, but with franchise accounting, you're doing it in the context of a franchise.
Why should this be given its own designation rather than being lumped in with accounting in general? Franchises have several distinct fees and expenses that are not present in non-franchise situations.
Furthermore, when it comes to hiring a professional, some accountants specialise in franchises, so be specific about what you're looking for.
How to Go About It
Let's get down to business: how exactly do you account for a franchise?
There is no simple solution. Professional accountants usually have a bachelor's degree in accounting or a related field, as well as a professional certification. Accounting for a franchise can be complicated, and you may need to hire a professional.
The application of accounting to franchises is known as franchise accounting. It functions similarly to non-franchise accounting, but it takes into account the unique fees associated with franchises, such as royalty fees, amortising initial fees, and marketing fees.
Although franchisees can learn accounting on their own, hiring a professional accountant is often a good idea. This can assist franchise owners in avoiding mistakes, getting their business off to a good start, staying aware of risks, and saving time so they can focus on other aspects of their business.
Get in touch today for your real franchise bookkeeping needs
ACCOUNTING FOR ADVERTISING INDUSTRY | MERU ACCOUNTING
Advertising enables a company to achieve a variety of operational goals. When a company is dealing with a bad reputation in the marketplace, this practice can often save money by giving the company a much-needed reprieve by improving its appeal to customers, regulators, and investors. A company that is already profitable and has a good reputation can use advertising to increase its market share. Accounting standards dictate how companies must record advertising expenses.
Accounting
Advertising expense appears on a profit and loss statement as an operating cost. A corporate bookkeeper debits the advertising expense account and credits the vendor payables account to record this charge. When the treasurer of the organization issues a check and sends it to the appropriate service provider, the bookkeeper credits the cash account and debits the vendor payables account to return it to zero. Crediting the cash account means reducing company money in accounting terms. When a service provider issues a refund, the organization that receives it adjusts its books by crediting the advertising expense account and debiting the vendor payables account.
Preparation for Trial Balance
Accounting personnel prepares a trial balance after recording how much money a company spent on advertising during a given period. This data summary allows financial managers to verify the accuracy of communication-related items, ensure that bookkeepers debited and credited the correct accounts, and ensure that recorded amounts correspond to source documents such as invoices and engagement letters. These are the cover letters that a company sends to an advertising agency before the actual work begins. The preparation of a trial balance results in a thorough examination of financial statements.
Advertising Financial Reporting Advertising-related financial reporting can refer to two operating scenarios: one in which a company determines effective ways to report cash spent to improve brand awareness, and another in which an advertising agency converts economic events into financial items. In the latter case, advertising fees are recorded as operating revenues and reported on an income statement. This is another name for a profit and loss statement, which is similar to an income report. Brand-related costs reduce the corporate net result for a company that is not in the advertising business, which affects retained earnings and, later, the statement of shareholders' equity.
Accounting for Revenue
When properly executed, an advertising campaign can help a company make more money, improve its market reputation, and cultivate strong relationships with investors and lenders. A corporate bookkeeper credits the corresponding revenue account and debits the customer receivables account to record income. Revenues, like expenses, are essential components of a profit and loss statement.
Get in touch today for your more Advertising bookkeeping needs.
More from Meru Accounting Private Limited (20)
METHODOLOGY OF WORK FOR VIRTUAL ACCOUNTING PROCESS | MERU ACCOUNTING
METHODOLOGY OF WORK FOR VIRTUAL ACCOUNTING PROCESS | MERU ACCOUNTING
ACCOUNTING AND BOOKKEEPING FOR TRADING FIRMS | MERU ACCOUNTING
ACCOUNTING AND BOOKKEEPING FOR TRADING FIRMS | MERU ACCOUNTING
ACCOUNTING FOR GEMS AND JEWELRY EXPOETERS | MERU ACCOUNTING
ACCOUNTING FOR GEMS AND JEWELRY EXPOETERS | MERU ACCOUNTING
BOOKKEEPING FOT THE WHOLESALE INDUSTRY | MERU ACCOUNTING
BOOKKEEPING FOT THE WHOLESALE INDUSTRY | MERU ACCOUNTING
BOOKKEEPING FOR TRAVEL & TOURISM | MERU ACCOUNTING
BOOKKEEPING FOR TRAVEL & TOURISM | MERU ACCOUNTING
BOOKKEEPING FOR TAX RETURN FOR IT SECTOR | MERU ACCOUNTING
BOOKKEEPING FOR TAX RETURN FOR IT SECTOR | MERU ACCOUNTING
ACCOUNTING FOR LOGISTICS INDUSTRY | MERU ACCOUNTINGS
ACCOUNTING FOR LOGISTICS INDUSTRY | MERU ACCOUNTINGS
ACCOUNTING FOR MANUFACTURING BUSINESS | MERU ACCOUNTING
ACCOUNTING FOR MANUFACTURING BUSINESS | MERU ACCOUNTING
ACCOUNTING FOR CONSTRUCTION INDUSTRY | MERU ACCOUNTING
ACCOUNTING FOR CONSTRUCTION INDUSTRY | MERU ACCOUNTING
AGED CARE BOOKKEEPING AND ACCOUNTING | MERU ACCOUNTING
AGED CARE BOOKKEEPING AND ACCOUNTING | MERU ACCOUNTING
BOOKKEEPING FOR FRANCHISE BUSINESS | MERU ACCOUNTING
BOOKKEEPING FOR FRANCHISE BUSINESS | MERU ACCOUNTING
ACCOUNTING FOR ADVERTISING INDUSTRY | MERU ACCOUNTING
ACCOUNTING FOR ADVERTISING INDUSTRY | MERU ACCOUNTING
Recently uploaded
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
一比一原版(GWU,GW毕业证)加利福尼亚大学|尔湾分校毕业证如何办理
GWU,GW毕业证录取书【微信95270640】一比一伪造加利福尼亚大学|尔湾分校文凭@假冒GWU,GW毕业证成绩单+Q微信95270640办理GWU,GW学位证书@仿造GWU,GW毕业文凭证书@购买加利福尼亚大学|尔湾分校毕业证成绩单GWU,GW真实使馆认证/真实留信认证回国人员证明
全套服务：加利福尼亚大学|尔湾分校加利福尼亚大学|尔湾分校毕业证成绩单真实回国人员证明 #真实教育部认证。让您回国发展信心十足#铸就十年品质！信誉！实体公司！可以视频看办公环境样板如需办理真实可查可以先到公司面谈勿轻信小中介黑作坊！
可以提供加利福尼亚大学|尔湾分校钢印 #水印 #烫金 #激光防伪 #凹凸版 #最新版的毕业证 #百分之百让您绝对满意
印刷DHL快递毕业证 #成绩单7个工作日真实大使馆教育部认证1个月。为了达到高水准高效率
请您先以qq或微信的方式对我们的服务进行了解后如果有加利福尼亚大学|尔湾分校加利福尼亚大学|尔湾分校毕业证成绩单帮助再进行电话咨询。
国外毕业证学位证成绩单如何办理：
1客户提供办理信息：姓名生日专业学位毕业时间等（如信息不确定可以咨询顾问：我们有专业老师帮你查询）；
2开始安排制作加利福尼亚大学|尔湾分校毕业证成绩单电子图；
3毕业证成绩单电子版做好以后发送给您确认；
4毕业证成绩单电子版您确认信息无误之后安排制作成品；
5成品做好拍照或者视频给您确认；
6快递给客户（国内顺丰国外DHLUPS等快读邮寄）。口水苦涩无比山娃一边游泳一边念念不忘那元门票尤令山娃气愤的是泳池老板居然硬让父亲买了一大一小二条巴掌般大的裤衩衩走出泳池山娃感觉透身粘粘乎乎散发着药水味有点痒山娃顿时留恋起家乡的小河潺潺活水清凉无比日子就这样孤寂而快乐地过着寂寞之余山娃最神往最开心就是晚上无论多晚多累父亲总要携山娃出去兜风逛夜市流光溢彩人潮涌动的都市夜生活总让山娃目不暇接惊叹不已父亲老问山娃想买什么想吃什么山娃知道父亲赚钱很辛苦在
Financial Assets: Debit vs Equity Securities.pptx
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
SWAIAP Fraud Risk Mitigation Prof Oyedokun.pptx
SWAIAP Fraud Risk Mitigation Prof Oyedokun.pptxGodwin Emmanuel Oyedokun MBA MSc PhD FCA FCTI FCNA CFE FFAR
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
What price will pi network be listed on exchanges
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
An Overview of the Prosocial dHEDGE Vault works
How the prosocial dHEDGE earns you money while saving the world!
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...University of Calabria
The study analyzes differences and primary drivers of green performance between family firms and non-family firms
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
Pensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdf
Wayhome's analysis of the UK market and how pension schemes can help solve the problems it presents younger people
一比一原版(IC毕业证)帝国理工大学毕业证如何办理
IC毕业证文凭证书【微信95270640】一比一伪造帝国理工大学文凭@假冒IC毕业证成绩单+Q微信95270640办理IC学位证书@仿造IC毕业文凭证书@购买帝国理工大学毕业证成绩单IC真实使馆认证/真实留信认证回国人员证明
如果您是以下情况，我们都能竭诚为您解决实际问题：【公司采用定金+余款的付款流程，以最大化保障您的利益，让您放心无忧】
1、在校期间，因各种原因未能顺利毕业，拿不到官方毕业证+微信95270640
2、面对父母的压力，希望尽快拿到帝国理工大学帝国理工大学毕业证学历书；
3、不清楚流程以及材料该如何准备帝国理工大学帝国理工大学毕业证学历书；
4、回国时间很长，忘记办理；
5、回国马上就要找工作，办给用人单位看；
6、企事业单位必须要求办理的；
面向美国乔治城大学毕业留学生提供以下服务:
【★帝国理工大学帝国理工大学毕业证学历书毕业证、成绩单等全套材料，从防伪到印刷，从水印到钢印烫金，与学校100%相同】
【★真实使馆认证（留学人员回国证明），使馆存档可通过大使馆查询确认】
【★真实教育部认证，教育部存档，教育部留服网站可查】
【★真实留信认证，留信网入库存档，可查帝国理工大学帝国理工大学毕业证学历书】
我们从事工作十余年的有着丰富经验的业务顾问，熟悉海外各国大学的学制及教育体系，并且以挂科生解决毕业材料不全问题为基础，为客户量身定制1对1方案，未能毕业的回国留学生成功搭建回国顺利发展所需的桥梁。我们一直努力以高品质的教育为起点，以诚信、专业、高效、创新作为一切的行动宗旨，始终把“诚信为主、质量为本、客户第一”作为我们全部工作的出发点和归宿点。同时为海内外留学生提供大学毕业证购买、补办成绩单及各类分数修改等服务；归国认证方面，提供《留信网入库》申请、《国外学历学位认证》申请以及真实学籍办理等服务，帮助众多莘莘学子实现了一个又一个梦想。
专业服务，请勿犹豫联系我
如果您真实毕业回国，对于学历认证无从下手，请联系我，我们免费帮您递交
诚招代理：本公司诚聘当地代理人员，如果你有业余时间，或者你有同学朋友需要，有兴趣就请联系我
你赢我赢，共创双赢
你做代理，可以帮助帝国理工大学同学朋友
你做代理，可以拯救帝国理工大学失足青年
你做代理，可以挽救帝国理工大学一个个人才
你做代理，你将是别人人生帝国理工大学的转折点
你做代理，可以改变自己，改变他人，给他人和自己一个机会美景更增添一份性感夹杂着一份纯洁的妖娆毫无违和感实在给人带来一份悠然幸福的心情如果说现在的审美已经断然拒绝了无声的话那么在树林间飞掠而过的小鸟叽叽咋咋的叫声是否就是这最后的点睛之笔悠然走在林间的小路上宁静与清香一丝丝的盛夏气息吸入身体昔日生活里的繁忙与焦躁早已淡然无存心中满是悠然清淡的芳菲身体不由的轻松脚步也感到无比的轻快走出这盘栾交错的小道眼前是连绵不绝的山峦浩荡天地间大自然毫无吝啬的展现它的达
when will pi network coin be available on crypto exchange.
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
2. Elemental Economics - Mineral demand.pdf
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
1：1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
原版一模一样【微信：741003700 】【加拿大麦吉尔大学毕业证硕士学历证书】【微信：741003700 】学位证，留信认证（真实可查，永久存档）offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原海外各大学 Bachelor Diploma degree, Master Degree Diploma
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
The secret way to sell pi coins effortlessly.
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just what'sapp this number below. I sold about 3000 pi coins to him and he paid me immediately.
+12349014282
一比一原版(UCSB毕业证)圣芭芭拉分校毕业证如何办理
UCSB毕业证文凭证书【微信95270640】办理圣芭芭拉分校毕业证成绩单（Q微信95270640）毕业证学历认证OFFER专卖国外文凭学历学位证书办理澳洲文凭|澳洲毕业证,澳洲学历认证,澳洲成绩单 澳洲offer,教育部学历认证及使馆认证永久可查 ,国外毕业证|国外学历认证,国外学历文凭证书 UCSB毕业证，UCSB毕业证，UCSB毕业证，UCSB毕业证，UCSB毕业证，UCSB毕业证，UCSB毕业证，专业为留学生办理毕业证、成绩单、使馆留学回国人员证明、教育部学历学位认证、录取通知书、Offer、
【实体公司】办圣芭芭拉分校圣芭芭拉分校毕业证成绩单学历认证学位证文凭认证办留信网认证办留服认证办教育部认证（网上可查实体公司专业可靠）
— — — 留学归国服务中心 — — -
【主营项目】
一.圣芭芭拉分校毕业证成绩单使馆认证教育部认证成绩单等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
国外毕业证学位证成绩单办理流程：
1客户提供圣芭芭拉分校圣芭芭拉分校毕业证成绩单办理信息：姓名生日专业学位毕业时间等（如信息不确定可以咨询顾问：我们有专业老师帮你查询）；
2开始安排制作毕业证成绩单电子图；
3毕业证成绩单电子版做好以后发送给您确认；
4毕业证成绩单电子版您确认信息无误之后安排制作成品；
5成品做好拍照或者视频给您确认；
6快递给客户（国内顺丰国外DHLUPS等快读邮寄）。
专业服务请勿犹豫联系我！本公司是留学创业和海归创业者们的桥梁。一次办理终生受用一步到位高效服务。详情请在线咨询办理,欢迎有诚意办理的客户咨询!洽谈。
招聘代理：本公司诚聘英国加拿大澳洲新西兰美国法国德国新加坡各地代理人员如果你有业余时间有兴趣就请联系我们咨询顾问：+微信:95270640田里逡巡一番抱起一只硕大的西瓜用石刀劈开抑或用拳头砸开每人抱起一大块就啃啃得满嘴满脸猴屁股般的红艳大家一个劲地指着对方吃吃地笑瓜裂得古怪奇形怪状却丝毫不影响瓜味甜丝丝的满嘴生津遍地都是瓜横七竖八的活像掷满了一地的大石块摘走二三只爷爷是断然发现不了的即便发现爷爷也不恼反而教山娃辨认孰熟孰嫩孰甜孰淡名义上是护瓜往往在瓜棚里坐上一刻饱吃一顿后山娃就领着阿黑漫山遍野地跑阿黑是一条黑色的大猎狗挺机灵的是山室
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
学校原件一模一样【微信：741003700 】《(GU毕业证书)美国贡萨加大学毕业证学历证书》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
【主营项目】
一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
how to swap pi coins to foreign currency withdrawable.
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the what'sapp information for my personal pi vendor.
+12349014282
在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样
学校原件一模一样【微信：741003700 】《(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
【主营项目】
一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
Recently uploaded (20)
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
Pensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdf
Pensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdf
when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.