Based on this information, the accountant provides recommendations to management or the company’s owners about spending, tax issues or other financial concerns. The BLS reports that the median annual salary for accountants is $77,250...

Content P&L vs. income statement What is a P&L statement? profit and loss statement (P&L) That stale data can still give your team insights into financial efficiency, operational efficiency, and overall sales. But it’s too...

Very small businesses could use it for basic money management, like sending invoices, monitoring financial accounts, accepting payments, and tracking income and expenses. More complex companies can add advanced tools that include projects and...

Content Business Travel Expenses 101: Everything You Need To Know So your trip is technically a vacation? You can still claim any business-related expenses What exactly are business travel expenses? Address corporate ground travel...

Content Job Outlook Forensic Accountant Various Bachelor’s in Accounting Degrees How Do You Qualify for CPB or CB Certification? Everything Your Business Needs to Manage Financial Operation in One Place Certifications Intuit Certified Bookkeeping...

Content Foreign Currency Translation Methods Defining functional and foreign currencies Disposal or partial disposal of a foreign operation How to Calculate A Cumulative Translation Adjustment? Assuming that the Swiss franc is the functional currency,...

Content Income tax planning and 529 plans Make tax-free withdrawals Enjoy a federal gift tax incentive Save Your Way with the College Investment Plan Open a Learning Quest 529 College Savings Account Other savings...

The Air Force, for example, relies on it to analyze technical documents about Russia’s antiaircraft systems. Sometimes just known as “profit margin,” this number tells you how much profit you earn for each dollar...