Understanding Your Monthly HOA Financial Reports
Financial statements offer a window into the health of a company, which can be difficult to gauge using other means. While accountants and finance specialists are trained to read and understand these documents, many business professionals are not. An ability to understand the financial health of a company is one of the most vital skills […]
FTE Meaning
Content How To Calculate FTE Gives insight into organizational costs Full Time Equivalent Chart: 40-Hour Work Week Employee Assumptions The 109,000 total hours worked must be divided by the total number of available work hours in a year, or 2,080 hours. Let our family at FTE Accounting take care of your family’s personal and business […]
Cash vs Accrual Accounting: Whats the Difference?
Accrued revenue occurs when a company has delivered a good or provided a service but hasn’t yet received payment. These accounts are often seen in the cases of long-term projects, milestones, and loans. If companies incurred expenses (i.e., received goods/services) but didn’t pay for them with cash yet, then the expenses need to be accrued. […]