The best in accounting tips & advice
Here we provide a variety of tips on accounting and bookkeeping. With accounting as our primary background at DAN accounting, this is our largest content area.
The leasing of equipment is a common practice among government entities, allowing them to utilize necessary assets without the need for significant upfront capital expenditure. However, accounting for these leases involves a complex set of standards and guidelines that are crucial in ensuring transparency, accountability, and consistency across all levels of government. The two most … Read more
If you operate a business, there is a good chance you’ve come across this question – is it better to own or lease various business assets? Things like equipment and real estate can be very costly, so some businesses may choose to lease these assets. Let’s look at specific reasons for this. Why Would a … Read more
As a relatively new industry, many CBD providers have questions about how to account for certain products and how to report those products on year-end taxes. The good news is that the IRS has released specific guidance on how to tax CBD products. What Category Does CBD Fall Under? CBD oil and other CBD products … Read more
If you operate a successful small business, chances are you got there by tapping into a variety of resources. These resources would include operations, marketing and IT support provided by other small businesses. When it comes to accounting and how to successfully manage these services in your books, there are a few ideal ways to … Read more
While tools like Quickbooks seem to have a corner of the accounting and bookkeeping marketer, there are additional tools on the market. And depending on the need for the accounting tool, you’ll be sure to find the right solution for your business needs. Here are three different types of accounting software solutions you might not … Read more
If you have ever been put in charge of running an HOA, you likely know there are a lot of moving pieces. From working with residents in the community and collecting dues to finding the right service providers for the community, it’s a job that takes a lot of time. And while not every HOA … Read more
A bookkeeper is someone who is in charge of managing all of a company’s financial statements, receivables, payables, tax preparation, financial record accuracy analysis, payroll services, and bookkeeping records and books. A virtual bookkeeper provides all of these services and is a more efficient and cost-effective option than hiring an in-house bookkeeper. What is a … Read more