by chiara@leftright.co.za | May 15, 2023 | Bookkeeping
“Doeren Mayhew is a uniquely different CPA firm. We are immensely proud of this,” said Chad Anschuetz, managing shareholder and chairman. Timing of this name change aligns with Doeren Mayhew unveiling of a new brand identity itself, reflecting its growth...
by chiara@leftright.co.za | Oct 18, 2022 | Bookkeeping
The amount that an investor earns from an investment is known as Rate of Return (RoR). While the nominal return rate shows the earnings of the investor as a percentage of the initial investment, inflation is taken into account by the real rate of return. As a result,...
by chiara@leftright.co.za | Sep 13, 2022 | Bookkeeping
In accounting, EOM refers to the last day of the month, when all transactions for that month must be recorded in the company’s books. That’s because the financial statements for a given month must be prepared at the end of that month. This means that all transactions...
by chiara@leftright.co.za | Apr 1, 2022 | Bookkeeping
Once recorded and tax implications addressed, financial statements must reflect the changes. Proper financial reporting ensures transparency for stakeholders, including investors, auditors, and regulators, and aligns with GAAP and IFRS. Learn how to account for...
by chiara@leftright.co.za | Dec 2, 2020 | Bookkeeping
However, it only considers two types of transactions, i.e., cash inflows and cash outflows. In this method, a single-entry accounting system is followed since, for each transaction, a single transaction record entry is made. Since there is no tally between revenue and...
by chiara@leftright.co.za | Oct 5, 2020 | Bookkeeping
It represents how much of the asset’s value has been used up over time. An amortization schedule is a table that chalks out a loan repayment or an intangible asset’s allocation over a specific time. It breaks down each payment or expense into its...
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