Hall Accounting Company Business and Individual Accounting Services
The foundation of any successful business – winery accounting including wineries – is made up of the numbers that underly everything. Tracking your performance using these numbers is vital to maintaining and expanding a profitable business. The challenge is in the details, and the arduous, often-tedious job of allocating costs, calculating COGS, managing key indicator […]
What Are Liabilities? Definition, Examples, and Types
Over time, as the company fulfills its obligations, the liability decreases. The accounting objectives for liabilities are to recognize the obligation incurred by the business and provide a way of measuring future repayment obligations. Liabilities also indicate how the company manages its assets and equity. If you calculate that you owe money after preparing your […]