Category: Bookkeeping

Named after founder Ethel Holt, who began the business in her home, the company houses a team of accountants that strives to maintain a lasting, friendly relationship among its clients. Holt Tax has its services tailored for individuals, businesses, and corporations. Its wide array of services include full-service accounting, financial statement preparation, bookkeeping, and payroll… Continue reading Small Business Accounting

For more information on our pricing and how we can help your business, visit our pricing page. When using the percentage of completion method, it’s important for contractors to revise their estimates anytime changes occur on the job. This ensures the accuracy of their accounting calculations, and helps to avoid cash flow challenges. This ensures… Continue reading Construction Accounting: Percentage-of-Completion

The Public Company Accounting Oversight Board (PCAOB) discovered deficiencies in 46% of audits, occurring when auditors fail to obtain sufficient evidence. It means that for multi-entity companies, keeping track of the financial information for audits is critical. Access real-time financial reports and analytics, fostering agile responses to market changes and facilitating strategic planning. MTEs often… Continue reading Managing Multi-Entity Accounting for Conglomerates: Strategies for Efficiency and Compliance

To make the ACH debit payment procedure seamless, there are various different types of costs involved. The fee to create the recurring transaction and the debit fee for the transaction are two of them. Transactions involving automatic payments can fail for a number of reasons. R05: Unauthorized Consumer Debit Using Corporate SEC Code Its powerful… Continue reading ACH Debit Meaning, Return Charges, ACH Debit vs Credit

As you can see, no matter what the transaction is, the accounting equation will always balance because each transaction has a dual aspect. The double-entry practice ensures that the accounting equation always remains balanced. The left-side value of the equation will always match the right-side value. The total amount of all assets will always equal… Continue reading What is the Accounting Equation? Explained