All posts by shinfotech

When everyone in your firm works with a template that shows them what they need to do at every step, your firm’s month-end projects will consistently satisfy your clients. To analyze the difference between the business’s total liabilities and assets by subtracting the client’s liabilities from their assets. Instead, it’s a versatile shapeshifter that adapts … Continue reading Why Is Reconciliation Important in Accounting? →

For example, a start-up customer may be considered a high risk, while an established, long-tenured customer may be a low risk. Then, it aggregates all receivables in each grouping, calculates each group by the percentage, and records an allowance equal to the aggregate of all products. If it does not issue credit sales, requires collateral, … Continue reading Allowance for Doubtful Accounts Overview, Guide, Examples →

It is possible to apply for ITIN number regardless of immigration status because both residents and non-resident aliens may have a U.S. filing or tax reporting requirements. Certain offices can verify passports and national identification cards and return them immediately. A list of these in-person Document Review Taxpayer Assistance Centers is available on IRS.gov. This allows … Continue reading ITIN Documentation Frequently Asked Questions FAQs Internal Revenue Service →