Oil and gas companies: 2020 Q2 accounting, financial reporting, and regulatory developments Our Insights

Look for systems that offer real-time JIB functionality, allowing for the seamless allocation of expenses and revenues among joint venture partners. For example, midstream energy companies, which deal with the transportation and storage of oil and gas, can benefit from software that tracks all financial transactions related to their operations. The software https://www.bookstime.com/ also facilitates [...]

By |2024-09-13T08:57:01+02:00juillet 18th, 2023|Bookkeeping|0 Comments

Comparing Deferred Expenses vs Prepaid Expenses: What’s the Difference?

A/R creates a credit memo and the entire amount is allocated to deferred revenue because no revenue has been recognized. As the credit memo does not change the ratio of earned/unearned revenue, no COGS recognition adjustment transaction is needed as a result of the credit memo. Since the current ratio of earned to unearned revenue [...]

By |2024-01-17T23:28:26+02:00juillet 17th, 2023|Bookkeeping|0 Comments

Comparing Deferred Expenses vs Prepaid Expenses: What’s the Difference?

A/R creates a credit memo and the entire amount is allocated to deferred revenue because no revenue has been recognized. As the credit memo does not change the ratio of earned/unearned revenue, no COGS recognition adjustment transaction is needed as a result of the credit memo. Since the current ratio of earned to unearned revenue [...]

By |2024-01-12T14:16:01+02:00juillet 17th, 2023|Bookkeeping|0 Comments

Why Companies Are Already Recruiting Their Interns for 2025

Ultimately, they offer a wide range of services but they specialize in audit & assurance, tax, and consulting. Deloitte’s closest competition over the last few years has been and continues to be PwC (PricewaterhouseCoopers). PwC comes in as the second-largest accounting firm in the world. However, the plus side to taking the exam while employed [...]

By |2024-01-04T12:10:26+02:00juillet 13th, 2023|Bookkeeping|0 Comments

FreshBooks vs Xero: How They Compare

FreshBooks comes with this option, and you can match your FreshBooks account to your Bank Account and monitor entry for entry. The size constraint also puts a strain on the addition of new team members. You would have to pay $10 per member, which tends to be on the more expensive side. With Zapier, you [...]

By |2024-01-11T13:29:14+02:00juillet 4th, 2023|Bookkeeping|0 Comments