Generally Accepted Accounting Principles (GAAP or US GAAP) is the collection of accounting principles, standards, and procedures issued by the Financial Accounting Standard Boards (FASB). All US public listed companies must follow the US GAAP when their accountants file the financial statements. How will a good accounting patner help? Evaluation...
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A “Merger” is a term that refers to the consolidation of two separate entities into one. This transaction helps in improving the economies of scale and increasing the market share and distribution capabilities. The “Acquisition” occurs when a company buys most or all shares of another company, intending to...
A well-defined Corporate Structure is of utmost importance to every startup at the initial stage, as friction and miscommunication within the organization can lead to losses and unwanted issues in operations. It creates a strong base for successful operations and helps businesses grow with well-defined authorities and responsibilities on...
What is a Payroll Solution? The Payroll Solution is the process of paying salaries to the company’s employees with accuracy and efficiency. It includes: Names of employees to be paid, Total hours they worked for, Calculation of employee’s pay, Distributing salary on time, Record of the payroll expenses. Benefits of...
Your bookkeeping staff is good enough to cope with maintaining accounting books, facing tax, and handling compliance issues, but it may lack the knowledge to generate the reports a company needs to provide to the board for pushing business growth. Here, having an experienced Chief Finance Officer (CFO) service...
What is a business plan? A business plan can be understood as a document that details the goals of doing a business and the plans required to achieve them. It contains business details about the purpose of business, financial projections, market research, marketing plan, and the staff involved in...
When looking forward to expanding, businesses many times try to get into a Mergers and Acquisitions deal. This brings great opportunities for both parties to leverage each other’s resources. However, great planning is required, parallel to efforts, for any Mergers and Acquisitions deal to work out as expected. Key...
Year-End Accounting is an Accounting process undertaken by companies at the end of each Financial Year to summarize and analyze business activities for the entire year. Companies carry forward the balances to new year accounts and close the previous year accounts. An accurate Year-End account process helps companies to...
Processing and managing the salaries of different employees in a business can be a tough task, especially if you have a large workforce. To manage compensation and benefits to be given to the employees, businesses use Payroll Processing. Let us see in detail what it is and how to...
Financial Statements are documents that present the various monetary activities of a company. A Financial Statement comprises of three elements: Balance Sheet Cashflow Report Income Statement. How to prepare a Financial Statement? A Financial Statement is prepared by financial experts. They gather the information related to the company’s monetary...