Fundamental Accounting

The elements of accounting pertain to assets, liabilities, and capital. Assets are tangible or intangible resources owned by a company; liabilities are obligations to creditors, vendors, and lenders. Capital refers to the interest of the owners in the business after deducting all liabilities from all assets (or, what is left for the owners after all company obligations are paid). If you would like…

Why you need a CPA

Do I need a CPA?   Certified Public Accountants are the “lawyers” of the Accounting world. They are able to accomplish things that a regular accountant cannot do. A CPA is licensed and certified with the state, which in turns gives you more assurance that your financials will be handled properly. Here are some reasons…