Bank reconciliations: how to rebuild a bank statement

A challenging part of accounting can be bank reconciliation. For some accountants, accolades are fun, for others, it’s nothing more than a tedious bore. However we look at it, it is an accounting function that needs to be done. Checks that are processed late can bounce, if not enough provision has been made for it on the company’s books. But […]

Conducting Due Diligence When Buying a Liquor Store

The due diligence process goes far beyond a simple evaluation of the financial statements presented. You need to be able to access all files and records, review information, and research staff as they review what they tell you. It is recommended that you allow at least four weeks for this process and do not be tempted to rush into judgment. […]

Mortgage Loan: Receivable

The management of accounts receivable is essential in the cash flow of any company, since it is the amount expected to be received from customers for the products or services provided (net realizable value). Accounts receivable are classified as current and non-current assets. These transactions are recorded on the balance sheet. Current accounts receivable are cash and other assets that […]

What are the general expenses of your home?

The first question I ask any business owner is, “What is your overall cost?” Most business owners know this answer. If you ask someone on the street about your household overhead, you would get a blank face expression. What are the general expenses of your home? The term “overhead” is used quite a bit in business. Overhead costs are the […]

Using Article Marketing to Get Your Message Out to People

Article marketing is one way to drive traffic to your website. If all goes well, it will not only make you visit, but also buy something! That’s the whole point of doing it anyway. It’s a simple way to get your articles published and listed on the major search engines, and it’s ridiculously easy to do. The first step: write […]

Confidential Cash Flow Factoring: Make Accounts Receivable Your Best AR Financial Strategy

We are going to demonstrate how a little known, and in our opinion, a near-secret strategy called confidential cash flow factoring can turn your accounts receivable into a cash flow virtual machine, turning AR financial hurdles into cash flow solutions! of cash! Search engine analysis will show you that thousands of Canadian businesses search every day for what they hopefully […]

Three Reasons You Need a Book Marketing Plan

A book marketing plan is a critical component to your success as a published author. However, many authors tend to skimp on taking the time to put one together. On the one hand, they may feel that putting together a marketing plan for your book is time consuming. However, they may just find the process too confusing. In this article, […]

Foreclosures and your income tax

Considered sale When you lose your home to foreclosure, or the property is returned to the lender (Deed in Lieu of Foreclosure), a presumed sale or trade has been made under Section ยง1001 (a) of the Internal Revenue Code. This sale or exchange of property could result in a tax gain or loss, and the recognition of income from cancellation […]