Attorneys might be tempted to ‘borrow’ money from the trust account during cash flow problems, thinking it harmless since the money will be theirs eventually. However, this is a direct violation of trust accounting rules and can jeopardize your professional integrity. In its most essential form, trust accounting is defined as bookkeeping for trust accounts …
Trust Accounting: Rules & Best Practices for Lawyers Read More »
Lower capital tied up in operations increases returns on invested capital. Businesses use net returns, which include deductions for fees, taxes, and other expenses, to avoid inflated return calculations. Financial reports often separate gross and net returns to provide a clear understanding of performance. The rate of return provides critical data for evaluating project risks …
What is Return on Sales ROS? How to Calculate & More Read More »
It ensures that the company remains adaptable to changing market conditions and resilient in the face of economic uncertainties. HighRadius seamlessly Certified Public Accountant integrates with leading ERPs like SAP and Oracle, ensuring a smooth and comprehensive O2C process. This integration allows businesses to leverage existing systems and data, significantly enhancing overall efficiency and accuracy. …
