Companies that use accrual accounting often end up with deferred expenses on their balance sheets. That's because under accrual accounting, accountants recognize expenses when they occur, not when the ...

Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

Record amounts of hospital construction projects have occurred during the past decade and will continue. Properly accounting for the depreciable life of a not-for-profit hospital’s major assets and ...

Melissa Horton is a financial literacy professional. She has 10+ years of experience in the financial services and planning industry. Somer G. Anderson is CPA, doctor of accounting, and an accounting ...

Across the construction industry, businesses are still reckoning with the negative byproducts of manual expense reporting, encompassing policy and control challenges, coding mistakes, lost receipts, ...