At Duran Business, we’re not just about compliance—we want to see your business thrive. “Everyone agrees they’re top notch in their knowledge of tax and business accounting.” We are a group of tax, accounting, and payroll professionals that love to see you grow. Accounting & Bookkeeping Shifting legal ownership from individual owners to creditor shielded …

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Another essential task performed by full charge bookkeepers is the preparation of financial statements and reports. These include balance sheets, income statements, cash flow statements, and other management reports. By analyzing financial data and creating these reports, full charge bookkeepers provide valuable insights into the company’s financial performance, helping management make informed decisions. They may …

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Below we present a list of key factors that enabled Crawford Pimentel Corporation to rank as one of this year’s top 9 accounting firms in San Jose, California. trial balance Below we present a list of key factors that enabled Altum Partners, LLP to rank as one of this year’s top 9 accounting firms in San Jose, California. …

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The debtors who have become bad debts are removed from the accounts by passing an entry for bad debt expenses. By using these estimation methods, companies can accurately reflect potential losses from uncollectible accounts, ensuring that their financial statements present a true and fair view of their financial health. Businesses often face the challenge of …

How the Allowance for Doubtful Accounts Affects the Balance Sheet and Income Statement Read More »

Balance sheets can be used with other important financial statements to conduct fundamental analysis or calculate financial ratios. The income statement is a crucial financial statement that showcases the revenues, expenses, and net income of a company over a specific period. To analyze the financial health of a company, it is essential to understand its …

Accounting Equation Accounting for Managers Read More »

It gives an idea to the stakeholders regarding how fast the business is able to sell the goods and services that is has acquired as inventory or manufactured using the raw materials. The average assets is determined by adding the latest year’s total assets and the previous year’s total assets, then dividing by two. Most …

Asset Turnover: Definiton, Calculation, Uses Read More »

This formula will leave you with only the cost of goods that were completed during the period. The Cost of Goods Manufactured (COGM) Calculator is a powerful tool for manufacturers looking to gain precise control over their production costs. By inputting key values like beginning WIP, total manufacturing costs, and ending WIP, you can quickly …

Cost of Goods Manufactured Calculator Calculate Cost of Goods Manufactured Read More »