YoungUpstarts

JULY 10, 2017

There has been a lot of chatter regarding changes in revenue recognition criteria lately, but the effects it will have on the evaluation of companies planning an exit is just beginning to emerge. Specifically, the new standard will follow a five step model for revenue recognition: Identify the contract (the deal that has been reached).

Technical Review 124

Technical Review Revenue Software Review Due Diligence 124

YoungUpstarts

AUGUST 9, 2018

by Krystal Russell, CPA at LYFE Accounting. Entrepreneurs sometimes get too wrapped up in covering monthly expenses or meeting a specific revenue figure. Depending on your business type, all revenue and expenses passes through to your personal return. Apart of being a successful entrepreneur is wearing many different hats.

CPA 100

CPA Balance Sheet Software Review Finance 100

YoungUpstarts

DECEMBER 8, 2020

You will bring the books to the trial balance stage where an accountant (or you) may prepare the income statement and balance sheet. The average cost for a small business CPA consultant is $150–$400 per hour, depending on their experience. Cost of Software. Potential for Fines and Fees.

Cost 246

Cost Balance Sheet Management CPA 246

Small Business Force

FEBRUARY 21, 2014

This doesn't mean you have to become a CPA or go take a boatload of accounting courses, but, at least, learn to understand what's in a basic income statement and balance sheet and what they mean. Don't be keeping your books on scraps of paper, just your checkbook, or on some Excel spread sheets. What are yours?

Finance 37

Finance Management Forecast Entrepreneur 37