Congdon Law. PLLC.

Category: Bookkeeping


Introduction To Bookkeeping

Content Internal Management Reports What’s The Difference Between Accounting And Bookkeeping? How To Get Started With Bookkeeping New Business Terms Reconciling Company Bank Accounts What Is Bookkeeping And Why Does It Matter? Large firms, on the other hand, will require more sophisticated bookkeeping procedures. Costs can vary based on your industry, the person’s education and experience, and the amount of work you ask them to perform. But these numbers show that it can often be more affordable to rely on your own software. Similarly, expenses are recorded as they are incurred, generally in association with revenue. For the transaction to… Read More →

5 Differences Between Holding Escrow Vs Real Estate Escrow

Content What Escrow Accounts Dont Cover? Second: How Much Money Should The Buyer Deposit Into The Escrow Account? Benefits Of Escrow How Do Escrow Accounts Work In Nyc Real Estate? Escrow Offer Open An Escrow Account What Is An Escrow In Real Estate? Escrow is a legal concept describing a financial agreement whereby an asset or money is held by a third party on behalf of two other parties that are in the process of completing a transaction. Since the closing process can take an average of 30 to 60 days with an escrow agent, you can only imagine how… Read More →

5 Types Of Financial Statements

Content What Are Financial Statements? Reports Measuring A Companys Financial Strength Operating Activities Statement Of Change In Equity: Previous Financial Statements show Me The Money! In this article, we will discuss all of those completed set financial statements. These statements normally require an annual audit by independent auditors and are presented along with other information in the entity’s annual report. Many regulators use such messages to collect financial and economic information. This article will teach you more about how to read an annual report. If your COGS and revenue numbers are close together, that means you’re not making very much… Read More →