Category: Bookkeeping

AI and deep learning models can be difficult to understand, even for those who work directly with the technology. This leads to a lack of transparency for how and why AI comes to its conclusions, creating a lack of explanation for what data AI algorithms use, or why they may make biased or unsafe decisions. These…

The concentration of AI development and ownership within a small number of large corporations and governments can exacerbate this inequality as they accumulate wealth and power while smaller businesses struggle to compete. Policies and initiatives that promote economic equity—like reskilling programs, social safety nets, and inclusive AI development that ensures a more balanced distribution of…

Examples of current liabilities include accounts payable, short-term loans, and wages payable. Simply take the current assets and divide them by the current liabilities. If you get 1.0 exactly, that means the assets are exactly the same as liabilities, which is essentially financial balance, as far as this metric is concerned. For example, in one…

Accountants also often use this ratio since accounting deals closely with reporting assets and liabilities on financial statements. Companies with a healthy current ratio are often viewed as being more creditworthy and better able to meet their short-term obligations. Low values for the current ratio (values less than 1) indicate that a firm may have…

Rick Jessup specializes in Quickbooks Consulting, but also provides traditional accounting services such as Bookkeeping, Payroll Processing, Tax Return Preparation and General Marketing and Business Advisory. A business analyst is responsible for creating plans and strategies to help an organization achieve financial goals. Their duties include dealing with stakeholders to determine where the business https://www.inkl.com/news/the-significance-of-construction-bookkeeping-for-streamlining-projects…

By choosing an accounting system that accurately tracks past job costs as well as upcoming expenses and revenues, construction business owners can make more informed decisions when bidding, estimating, and growing their companies. A balance sheet is an How to leverage construction bookkeeping to streamline financial control overview of a company’s finances, including assets, liabilities,…