Most CPAs are familiar with the tax benefit of using an interest charge – domestic international sales corporation, or IC-DISC. What many do not realize is the additional benefit that can be generated ...

Companies record every transaction in their accounting books based on the double-entry system. Because every transaction involves certain kinds of monetary exchanges between at least two business ...

Learn about accrued expenses, their role in accrual accounting, and how they affect financial statements with examples, ...

Accountants record transactions between buying companies and selling companies differently depending on when the transfer of purchased goods actually occurs. Which company pays for shipping charges to ...

Learn the difference between bookkeeping vs accounting, how each supports business growth, and when your company needs either ...

As is illustrated by the recent guidance from the IRS with respect to transaction costs, documentation is key. While the Internal Revenue Service (IRS) has continued to issue guidance addressing the ...

Here’s a question for finance leaders: Is transaction processing a key element of finance transformation? If I think back to the hundreds if not thousands of conversations I have had on the subject of ...

Sale and leaseback transactions have long been popular because they present benefits to both seller-lessees and buyer-lessors. The accounting for such transactions has changed significantly, though, ...

Multi-entity accounting involves maintaining distinct boundaries while still being able to centralize the data. ERP systems ...