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The depreciation value affects your company’s balance sheets and can also affect the net income. Knowing the basics of the term depreciation and having some knowledge as to how you can use it smartly will actually help you to save on your taxes. So, to see how depreciation works let us go through some basics… Continue reading Depreciation Definition, Formula, Calculation, Tax

This means you don’t have to choose a controller vs CFO when you work with us because you’ll get both capabilities under one roof. When looking to hire a controller, seek candidates with at least ten years of cfo vs controller experience. They should be able to show a progression in their responsibilities and an… Continue reading Financial Controller vs CFO: Roles, Skills, and Key Differences

The notes to the financial statements provide additional information and explanations about the organization’s financial activities. They may include details about significant accounting policies, commitments and contingencies, and any significant events that may impact the organization’s financial position. The statement of financial position, also known as the balance sheet, provides a snapshot of the organization’s… Continue reading 25 Best Practices for Transparent Financial Reporting fundsforNGOs United States