Category: Bookkeeping

An accountant doesn’t only record the transactions but also prepares financial statements like trading and profit & loss account, balance sheet, etc. Both bookkeeping and accounting are responsibilities that are critical to a company but there is a difference to be made. The documentation of financial transactions is the responsibility of bookkeeping. Interpreting, classifying, analysing,…

According to Payscale, as of April 2024, noncertified accountants make an average salary of $57,430, while CPAs earn $76,960 annually — nearly $20,000 higher than noncertified accountants. However, prospective CPAs should consider the additional time and cost constraints related to obtaining licensure. Though no state requires graduate-level education for CPA licensure, earning a master’s degree…

Some corporations also issued preferred stock and those corporations will have both common stockholders and preferred stockholders. The balance sheet reports the assets, liabilities, and owner’s (stockholders’) equity at a specific point in time, such as December 31. The balance sheet is also referred to as the Statement of Financial Position. Which of these is…

First-year Back Office members typically see a 14% increase in net profit. This is driven by our powerful financial accounting software combined with expert guidance and ongoing education. Our unique blend of software and service empowers operators to identify cost-saving opportunities and boost profitability. Save time It calculates and files the federal, state, and local…

Par value of shares, also known as the stated value per share, is the minimum value per share as decided by the company issuing such shares to the public. The companies then will not sell such shares to the public below the decided value. In short, it becomes a legal obligation for firms to not sell…

Eden partners with leading management teams, founders and owners to achieve growth and scale to maximize value for all stakeholders. Wall Street Prep is the premier provider of BtoB and BtoC training to the financial services industry. Headquartered in Brookline, MA, the company serves global customers at investment banks, financial institutions, Fortune 100 companies and…

Eden partners with leading management teams, founders and owners to achieve growth and scale to maximize value for all stakeholders. Wall Street Prep is the premier provider of BtoB and BtoC training to the financial services industry. Headquartered in Brookline, MA, the company serves global customers at investment banks, financial institutions, Fortune 100 companies and…