Contingent Liability How to Use and Record Contingent Liabilities

If the contingencies do occur, it may still be uncertain when they will come to fruition, or the financial implications. A contingent liability can be very challenging to articulate in monetary terms. As it depends on the probability of the occurrence of that specific circumstance, that probability can vary according to one’s judgment. If the estimated loss can only be […]

Bookkeeping Basics

The size and scope of a business will determine whether the company needs a part-time bookkeeper, full-time specialist bookkeeper, or an entire accounting department. Bookkeepers are important professionals in today’s economic and financial fields. Every company, even a small one, requires bookkeeping to maintain a healthy financial position. Revenue is all the income a business receives in selling its products […]

Reliable Colorado Bookkeepers

It also assists with budgeting, tax planning, cash flow management, senior-level financial decision-making, and insurance policy reviews. Accounting 4 Business is run by Jeanine Buben, who is an accountant, a tax analyst, and an enrolled agent licensed by the U.S. Serving clients in northern Colorado, Clausen boulder bookkeeping services and Associations Certified Public Accountants PC provides tax, audit, accounting, and […]