For simplicity, the reference value, which may refer to a given year (base year), is usually set to 100. An index value of 110 then indicates an increase by 10 % compared to the value in the reference period. This simple index series shows an inflation rate of 3.5% in the first year. As you can […]

Under cash accounting, income and expenses are recorded when cash is received and paid. In contrast, accrual accounting does not directly consider when cash is received or paid. Accrued revenue is revenue that has been earned by providing a good or service, but for which no cash has been received. Accrued revenues are recorded as […]

Traditionally, AR managers have avoided creating these reports due to their time-consuming manual nature, which involves reconciling customer payments, invoices, and tracking overdue payments. However, with HighRadius accounts receivable automation software, you can perform these tasks in real time. The software matches customer payments to invoices upon arrival and provides instant insights to AR managers. […]

The company’s founder, Bijan Kohanzad, is an Enrolled Agent and professional tax practitioner licensed by the U.S. Mooneem is a full-service tax and bookkeeping firm located in Los Angeles that offers bookkeeping, payroll, tax, accounts receivable, and accounts payable management. Other services include reporting, inventory management, and CPA solutions. Mooneem provides accurate and consistent bookkeeping […]