ADP RUN articles

A contingent gain is a potential increase in assets that has not yet occurred. A contingent gain is not recognized in the financial statements until the transaction has been settled. The $1,000,000 is considered a contingent gain, but is not reported until the lawsuit has been settled for that amount. However, it is possible to describe the nature of the gain in the disclosures that accompany the financial statements, as long as the description is not misleading regarding when the gain might o […]

According to Robert N. Anthony, “A fund flow statement describes the sources from which additional funds were derived and the uses to which these sources were applied.” Several definitions of fund flow statements have been proposed in the past. The fund flow statement describes the sources from which additional funds were generated and the areas or items to which these funds are used or applied. Rebalancing may be at least partially to blame for this divergence. During periods of s […]

(1) Coordinates across HHS to establish and communicate HHS’s ERM vision, culture, strategy, and framework;
(2) Designs and implements an ERM infrastructure across HHS, including governance;
(3) Develops and shares tools, guidance, and best practices regarding ERM;
(4) Provides technical assistance and direction to HHS Operating Divisions (OPDIVs) and Staff Divisions (STAFFDIVs) on implementing ERM; 
(5) Facilitates enterprise-wide, integrated and comprehensive assessments across HH […]

It’s important to us at Rakow & Co that we provide personal bookkeeping services. You’ll have your own bookkeeper who knows you and your business and is available to support you. Our personal bookkeeping services free you up to spend time with family or reinvest it into growing your small business. Enjoy a reliable bookkeeping service that gives you peace of mind. At Rakow & Co you’ll have someone keeping your finances up to date, ensuring tax compliance and providing you with reliable […]

Calculate a fringe benefit rate by dividing the cost of an employee’s fringe benefits by the wages they receive. The rate depends on how much you pay employees and how much an employee receives in benefits. Although rates vary, according to the Bureau of Labor Statistics, the average fringe benefit rate (aka benefit costs) is 30%. Most fringe benefits are subject to FICA, as well as income tax withholding and employment taxes, although there are some fringe benefits that may be considere […]

Outsourcing your bookkeeping tasks will save you time, and potentially from a stress headache, particularly if numbers aren’t your forte. It also allows you to be confident your financial records are up-to-date and accurate in a professional’s hands. Xero is a cloud-based accounting software platform for small and medium-sized businesses. Getting started with your company branded accounting software is easier than you think.
That’s the same level of encryption you’ll fin […]