Like more trial balances, the debit and credit columns are totaled at the bottom to ensure the accounting equation is in balance. Liabilities represent what a business owes to external parties, including loans from banks, unpaid bills to suppliers, or wages due to employees. Equity, often referred to as owner’s
READ MOREOn the other hand, indirect employees, also known as contract employees or outsourced workers, are not directly employed by the company but are contracted to provide services to the organization. Direct and indirect employment come with their pros and cons, and most companies have a mix of both
READ MOREAll operating costs of the Center are reimbursed by user agencies that are charged for services performed. BUSINESS TAX AUDITSBusiness Tax Audits conducts audits on all business taxes administered by the Comptroller. Formed in 1953, the Central Payroll Bureau was authorized several years earlier by the Board of
READ MORESince expenses are usually increasing, think “debit” when expenses are incurred. Credits increase liabilities, equity, and revenue accounts. When a company makes a sale, it credits the revenue account to record income. Paying rent or salaries causes a debit to the expense accounts. Tools such as journal entries,
READ MOREADPIA can help you develop and execute a timeline for an effective open enrollment. We provide the tools and support you need to minimize paperwork, answer questions and help your employees better understand the full value of their benefits. Once the degree of disability has been determined, injured
READ MOREBy granting them a profits interest, entities taxed as partnerships can reward employees with equity. In the realm of global commerce and communication, language services stand as a beacon of… In the realm of child welfare, the imperative for reforming foster care systems is driven by a… The
READ MORE