The word overstatement means recording transactions over and above their actual worth or documenting unreal transactions, whereas understatement means quite the opposite. Understatement results in either not recording or partially recording the transactions, such as...
Painting a bleaker picture of a company’s financials actually comes with several benefits. Conservatism Principle is a concept in accounting under GAAP that recognizes and records expenses and liabilities- uncertain, as soon as possible but recognizes revenues and...
The combination of accessibility and efficiency has made outsourced bookkeeping a popular choice for businesses looking to simplify financial management. More businesses are turning to outsourced bookkeeping than ever, recognizing how it streamlines financial...
Our outsourced accounting services are performed virtually by a US based team. Outsourced accounting can reduce your overhead expenses while increasing efficiency and data integrity. At Chazin, we understand that every nonprofit is unique, which is why our training...
A 501(e) organization offers data processing, purchasing, warehousing, billing and collection, food, clinical, industrial engineering, laboratory, printing, communications, record center and/or personal services to hospitals. A 501(e) service entity must serve at...
