Markets dipped Tuesday as investors awaited the first of several Congressional hearings on recent bank failures and the events that led to the collapse of Silicon Valley Bank. The disclosure underscores the enormity of the…

In order to make good on those withdrawals, SVB had to sell part of its bond holdings at a steep loss of $1.8 billion, the bank said last week. That announcement spooked the bank’s clients,…

If retainage isn’t being applied to the correct retainage accounts on your balance sheet, you risk over or understating your books – and you risk losing track of what you’re owed. From an accounting sense,…

Expert bookkeepers ensure that all project-related expenses are accounted for correctly and allocated to specific jobs. This detailed tracking of project costs enables you to assess which projects are most profitable and where inefficiencies may…

In banks, a credit could mean an increased capital in your bank account allowing you to spend more than your current income. As your bank balance increases, the bank’s obligation and liability to you also…

Understanding this term helps navigate various financial documents and provides clarity in business transactions. This introduction explores the meaning of CR, its usage, and its implications in different financial contexts. When seen on financial statements,…