When creating a ledger for your customers or guides to financial statements vendors, you can easily add their bank details. This feature simplifies your financial transactions and ensures that you have all the necessary information at your fingertips, making your financial management a breeze. Munim is a one-stop accounting software for non-profit organizations to ensure […]

It’s important to find an outsourced bookkeeping partner that will invest the time required to truly get to know your business. At the same what is the difference between rent receivable and rent payable time, bookkeeping is a relatively manual, labor-intensive process that takes up a significant amount of time. Organizing all of your business’s […]

Say that for the month of January a small business receives $500 from sales, and purchases $200 of materials whose invoice will arrive in two weeks. With cash accounting, the profit for the month of January would be $500, even though $200 was spent on purchasing materials. Because of how simple cash accounting is, it’s […]

We can help manage all aspects of your business finances, including taxes, payroll, bookkeeping, entity formation, and more. Our services are available in all 50 states, with experts in traditional and emerging markets. Our experienced bookkeepers and tax practitioners are well-versed in the accounting and tax requirements that are specific to small businesses and startups […]

Per generally accepted accounting principles (GAAP), businesses amortize intangibles over time to help tie the cost of an asset to the revenues it generates in the same accounting period. For tax purposes, the cost basis of an intangible asset is amortized over a specific number of years, regardless of the actual useful life of the asset (as most […]