Category Archives: Bookkeeping

Large Language Models (LLMs) are trained on vast volumes of data and use billions of parameters to generate original output for tasks like answering questions, translating languages, and completing sentences. RAG extends the already powerful capabilities of LLMs to specific domains or an organization’s internal knowledge base, all without the need to retrain the model. […]

These opinions often revolve around which ingredients are suitable for humans vs. pets, concerns about disease transmission and health, the economics of food production and personal preference, among other factors. When there are multiple products created from a production process, the byproducts can be discerned by seeing which ones have a minor resale value in […]

This allows the IRS to ensure taxes are ultimately paid at the shareholder level. In addition, S corporations have the obligation to file Form 1120S if they meet the filing requirement – having gross receipts of $250,000 or more, or total assets of $250,000 or more. You should now have a pretty good idea of […]

If the partnership elects to aggregate more than one trade or business that meets all the requirements to aggregate, the partnership must report the aggregation to partners on Statement B, or a substantially similar statement, and attach it to each Schedule K-1. The partnership must indicate trades or businesses that were aggregated by checking the […]

This purchase would fail the arm’s-length transaction test because the buyer’s and seller’s relationship likely influenced the property’s sale price. In this context, the principle means that prices should be the same as they would have been, had the parties to the transaction not been related to each other. A simple example of not at […]

This purchase would fail the arm’s-length transaction test because the buyer’s and seller’s relationship likely influenced the property’s sale price. In this context, the principle means that prices should be the same as they would have been, had the parties to the transaction not been related to each other. A simple example of not at […]

Overall, the wages expense account helps companies record the hourly compensation paid to employees. The first is the hours worked by employees for a specific period. Usually, it comes to form the timesheets receptionists or other internal records within a company. Accrued income is listed in the asset section of the balance sheet because it […]

In January 2023, Noranda Income Fund finalized an agreement with Glencore Canada Corporation. Through a legal arrangement, Glencore Canada Corporation acquired all of Noranda’s current priority units for C$1.42 per unit, amounting to $53.2 million. David S. Chang, ChFC®, CLU® is an award-winning entrepreneur, keynote speaker, author, and consultant. He has over two decades of […]

Content Bookkeeping and Accounting Tools Bookkeeping Services Botkeeper Review Frequently Asked Questions No reviews yet. Then when it comes to digital marketing, you might want to consider embedding Google Ads, Salesforce, Kissmetrics, MailChimp, Constant Contact, HubSpot,  Insightly, etc. Deploying Botkeeper should be a walk in the park since it’s a very flexible platform. And most importantly, it comes with an extensive […]

They earned revenues of $5.1 billion for their fiscal year ended December 31, 2017. Having gone through a series of mergers dating all the way back to 1818, Dutch accounting giant KPMG has an established reputation in traditional audit and consulting. From an employee’s point of view, this means strong career and development opportunities, notable […]