While direct costs are relatively straightforward to quantify, allocating indirect expenses to specific products or services requires meticulous accounting practices and allocation methodologies. Prime costs are inherently subject to variable expenses influenced by fluctuations in…

We are far from your traditional accounting firm and we are known for being able to exceed our clients’ expectations. MJ Ahmed CPA is one of the full service accounting firms. With a focus on…

Petty cash demands strict internal controls to mitigate theft or loss. When reconciliations reveal differences between the cash drawer wave accounting software review and recorded transactions, create a variance report. Put someone outside the custodian…

However, like for-profit corporations, nonprofits may still have employees and can compensate their directors within reasonable bounds. Most larger organizations are required to publish their financial reports detailing their income and expenditure for the public.…