Best Law Firm Accounting Software in 2024
Below, you'll find a short breakdown of some of the more popular options for accounting software for law firms. Sure, FreshBooks is built for small business owners, packed with legal…
Double-Entry Accounting Definition, Types, Rules & Examples
Under the double entry system, business assets and liabilities are recorded and on closing date (accounting period) the company’s financial position is determined by preparing the balance sheet. The total…
Construction Bookkeeping Services A Step-by-Step Guide
Effective bookkeeping services focus on tracking financial data for individual projects, such as labor, materials, and subcontractor costs. Construction projects have multiple components—labor, materials, equipment, subcontractors—which need to be allocated…
Patent Amortization: The Inventor s Guide to Patent Amortization Strategies
The plant was purchased several years ago for $10,000 and was being depreciated using the straight-line method. The amount of the amortization expense is determined by the governing body when…