Can a fully depreciated asset be revalued?

Useful life is an accounting estimate and if you find out that it is different from what you initially set, you need to book this change in line with the standard IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. None, of course – because the...

What is a deposit in transit?

Consider when or why you might need to look back through your financial records for your bank reconciliation, and which method of recording will make the task easier for you based on how you keep your records. Bank reconciliations are like a fail-safe for making sure...

Miami Bookkeeping Solutions

Great communication skills, detailed oriented, knowledgeable in accounting, and an all around pleasure to work with. I recommend any one and everyone that needs any thing with accounting to contact Isa’s Bookkeeping Services. Timely and accurate invoicing bookkeeping...

Customer Billing Process: How to Do It Properly

Vertical integration allows leaders to see the full picture of their business — from customer to creative. The following strategies will often cover multiple goals simultaneously. Susan Ward wrote about small businesses for The Balance for 18 years. She has run an IT...