Bookkeeping

Each section of the CPA exam is designed to assess specific areas of expertise necessary for a CPA. The AUD section focuses on auditing knowledge and procedures, while the BEC section covers business concepts and the economic environment. The FAR section tests your proficiency in financial accounting and reporting, and the REG section assesses your […]

Through Bench, your business can effortlessly navigate the complexities of local tax filings and stay ahead of critical financial deadlines. We aim to lessen the stress that bookkeeping often causes, enabling you to focus on what you do best—running your business. We can help with any business bookkeeping services, payroll services or general accounting services

Changes in book value are recorded as gains or losses at the time of disposition. Some noncurrent assets, such as land, may theoretically have unlimited useful lives. A noncurrent asset is recorded as an asset when incurred, rather than being charged to expense at once. Depreciation, depletion, or amortization may be used to gradually reduce

Cash method businesses don’t depreciate assets on their books since they track revenue and expenses as cash comes and goes. However, calculating salvage value helps all companies estimate how much money they can expect to get out of the asset when its useful life expires. If your business owns any equipment, vehicles, tools, hardware, buildings,