This company takes on its client’s finances so they can take a deep breath. Money Smarts, Inc. is professional, responsive, and team-focused. The firm’s extensive expertise working with financial statements in a variety of industries and situations provides advantages to their clients. They have experience with community banks, HUD projects, […]
Yearly Archives: 2021
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Contract workers are paid based on a negotiated rate, either hourly or project-based. In some cases, contractors may work for an employment agency that manages the placement and logistics. Today, an increasing number of workers are opting to be contractors rather than full-time employees. For both employees and workers, contract […]
T-accounts can also be used to record changes to the income statement, where accounts can be set up for revenues (profits) and expenses (losses) of a firm. For the revenue accounts, debit entries decrease the account, while a credit record increases the account. On the other hand, a debit increases an expense […]