New York Lawmakers Stare Down AI Threats, $4 Billion Budget Gap
A commercial flight on the same routes would’ve run no more than a few hundred dollars per person, listings show. New York lawmakers will begin their 2024 session Wednesday with top issues ranging from artificial intelligence to taxes—with success on those topics hinging on relations…
Nonprofit Accounting Bookkeeping Form 990
Your nonprofit’s bookkeeper must prepare regular reports for the organization’s Board of Directors that provide updated financial information. Accounting software can make this process easier and help your bookkeeper follow GAAP standard accounting principles. Nonprofits of all sizes use the following software to create and…
How to Manage Your Restaurant Balance Sheet + Free Template
You can easily find a sample, like the one at the bottom of this page, and download it to use as a restaurant balance sheet template. Another key metric recorded in your cash flow statement is your debt and financing, as taking on debt or…
Is Income received in advance a liability or asset?
Someone on our team will connect you with a financial professional in our network holding the correct designation and expertise. If all other sites open fine, then please contact the administrator of this website with the following information. You’ll be able to track your refund…
Is Income received in advance taxable?
It will be taxed in the period Jan-Dec 20×2, as it belongs to January 20×2. No, in cash basis accounting revenue is reported only after it has been received. As well, expenses in cash basis accounting are recorded only when they are paid. The proceeds…