Amortization applies to non-physical assets like patents, while depreciation focuses on physical assets such as equipment, both aiming to reflect the gradual decline in value. Intangible assets are things that can’t be touched, such as goodwill from past acquisitions, copyrights, and patents. Depreciation applies to tangible assets (e.g., buildings, machinery). Even with intangible goods, you […]

These are detailed How Bookkeeping for Law Firms Strengthens Their Finances accounts for each client, tracking all financial activity related to their case. Ledgers include retainer fees paid, billable hours worked, expenses incurred on the client’s behalf, and invoices sent. Law firms must maintain specific documentation related to their operations and ethical responsibilities. The following […]

Financial Additions is assisting a reputable Family Office/Financial Services Firm in Fort Worth with a Staff Accountant position. The ideal candidate will have 2+ years of accounting experience and a bachelors degree. Partner with Marketing, Mechanical, Engineering, and Budgeting teams to identify accounting issues promptly and ensure risks are adequately mitigated. Other Finance Professionals in […]

What IS automated with the automated vendors is price increases. Clients who have switched to us have complained about frequent, often monthly, price increases as their startups’ expenses have grown. Payroll taxes are taxes that ALL companies with payroll pay – even money losing, early-stage companies. This is a massive tax credit that your company […]