Category Archives: Bookkeeping

Paperless Invoice Processing: How to Achieve the AP Holy Grail

Content Paper Invoices vs Paperless Invoices Accounting Systems Switch to a Paperless Invoice Process in 5 Steps Cookie and Privacy Settings A paperless invoice process has several advantages for your business, some of which are more noticeable than paper format. You can transmit an electronic receipt of the money as soon as you have received […]

What is Cash Basis Accounting? Definition Meaning Example

Content Accrual Method What are Recording Transactions? What’s the Difference Between Cash Basis and Accrual Basis? Cash Basis Accounting – Small Business Cash vs accrual vs hybrid accounting The cash method is designed for small businesses Pros and cons of cash basis accounting The difference between cash and accrual accounting lies in the timing of […]

Home Salinas, CA

Content Gross Revenue Our Company Values Top Accounting Firms in Salinas Salinas Bookkeepers Ready to Help How much do accountants charge for tax help? Chan CPA & Company, INC. Services we provide Business-Concepts has been working with small businesses since 1996. Our team offers more than 20 years of combined experience along with personal attention […]

The Pros & Cons of Rollovers as Business Startups ROBS

Content Rollovers as Business Startups: The Pros and Cons of ROBS Cons of ROBS Step 5: Build a debt-free business You are unable to access Unlock your retirement savings to invest in your business What Are Rollovers as Business Startups (ROBS)? A Growing Small Business: This Ohio Candle Shop Specializes in Customizing Candles Step […]

Completed Contract Method Explained

Content Completed Contract Method CCM Definition Can I use the completed contract method? ACA & W-2 Services What is incomplete contract theory? Requirements for the Completed Contract Method A contractor using the completed contract method is required to use a dedicated balance sheet to record their revenues and expenses. Costs and other billings are pushed […]