With this method, you can confirm the cash assets in possession by merely checking the account balance. For this type of accounting, revenue is only recorded when there is a confirmed proof of payment like a receipt. The different financial statements are enough to pass the necessary information that recipients need to know. It is […]

Also, depreciation is the systematic allocation of the cost of noncurrent, nonmonetary, tangible assets (except for land) over their estimated useful life. If an asset is depreciated for financial reporting purposes, it’s considered a non-cash charge because it doesn’t represent an actual cash outflow. And, the depreciation charges still reduce a company’s earnings, which is […]

Our Phoenix office provides tax, accounting, and business advisory services to clients in the phoenix bookkeeping Greater Phoenix area and internationally. The Phoenix area – known as the Valley of the Sun – is home to more than 4.5 million people and a $50 billion marketplace. Making the best financial moves requires more than a […]

At regular intervals, the best business owners take a step back and assess how the business is developing. They tweak things (or even overhaul them) to put the business back on track or drive its growth and success to new heights. Mueller Accounting & Tax Services are expert professionals at helping you establish the right […]