Outsource Bookkeeping to India for CPA Firms with KMK

Since 1969, Wiss has retained the same entrepreneurial passion and values from our founders. We hold onto the legacy of staying agile and providing excellent client service. Today, our hundreds of employees serve clients ranging from the dynamic middle-market to Fortune 500 companies. Finally, outsourcing empowers CPA firms to focus on their core business functions […]

How to Create Budget Reports in 5 Steps

Your actual income for product sales was 120% of what you budgeted, while your actual income for warranty sales was 70% of what you budgeted. During the first quarter of the year, you might have expected your company to bring in $10,000 from the sale of your signature product and $5,000 from the sale of […]

What is the meaning of a favorable budget variance?

When revenues are lower than expected, or expenses are higher than expected, the variance is unfavorable. For example, if the expected price of raw materials was $7 a pound but the company was forced to pay $9 a pound, the $200 variance would be unfavorable instead of favorable. We would have expected and additional $560 […]

Lease vs Rent: Key Differences and What You Need to Know

Further, Kendall is an adherent to the Ben Hogan school of swing thought and, by natural extension, is a proponent of accurate wedge play through residential neighborhoods. I am a solo practitioner with a practice mostly consisting of serving as counsel to start-ups and small business owners and investors. With a practical business background, I […]

Completed Contract Method CCM: Examples in Accounting

Using CCM accounting, revenue and expenses are not recognized on a company’s income statement even if cash payments were issued or received during the contract period. The percentage of completion accounting method helps to protect companies from fluctuations in their revenue stream by recording revenue at regular intervals. For longer-term projects in which revenue and […]

Accountant for Self-Employed: Taxes, Write-Offs, and Cost

By leveraging their skills, tools, and advice, you set yourself up for success in an increasingly competitive market. You might be considering purchasing property or finding ways to reinvest in your company. In these situations, accountants project income potential, identify risks, and guide decision-making. This personalised support is invaluable for building long-term financial stability. Join […]