With our financial data presented in Excel, we can start to calculate the contribution percentages on either the side or below the income statement. The standard […]

Chief Financial Officers (CFOs) provide invaluable leadership in businesses all around the world. Their job is to head up a business’s financial strategy, designing and implementing […]

The total equity of a business is derived by subtracting its liabilities from its assets. This is an essential item that is reviewed by many creditors, […]

Identifying and correctly assigning expenses to cost objects increases the accuracy of financial planning and the analysis of historical costs against actuals. Significantly, costing not only […]

GoSystem Tax offers an intuitive user interface with the ability to customize the interface to better suit their needs. Easy access is provided for all tax […]

I recently took a demo of an emerging startup that has automated the accrual entry process with AI. In my experience, the accrual process has always […]

Imagine facing tax season with disorganized records, struggling to understand your true profitability, or missing out on potential tax deductions because of a misplaced receipt. By […]

By retaining earnings, a company can finance its growth without having to rely on external financing, such as debt or equity financing. It is an important […]

Since the gain is outside of the main activity of a business, it is reported as a nonoperating or other revenue on the company’s income statement. […]