Category Archives: Bookkeeping

What is Current Liabilities? Types, How to Calculate & Examples

Current liabilities on the balance sheet are short-term debts or financial obligations that a company must settle within one normal operating cycle or one fiscal year, whichever is longer. An operating cycle, also known as a cash conversion cycle, is the time required for a company to stock inventory and sell it, converting it to cash. […]

Small Business Bookkeeping Minneapolis

Our experts can guide you on interpreting these reports and using the information to make informed business decisions. Financial statement preparation involves compiling income statements, balance sheets, and cash flow statements. Our services ensure accurate, compliant, and insightful financial reporting for your business. Our accounting services for small businesses encompass a range of financial tasks, […]

Chicago Tax and Accounting Firm

The goal of account reconciliation is to ensure that the organization’s financial records are accurate and complete, and to identify any discrepancies or errors. An accountant is a professional who is responsible for the preparation and analysis of financial records for individuals, businesses, and organizations. A Certified Public Accountant (CPA) is a licensed accounting professional […]