by Redgot!! February 19, 2022
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Similar to "tech debt", accounting debt is incurred when accounting departments take shortcuts either at the start of a companies life or during a busy period. These shortcuts then have to be "paid off" (i.e. corrected) by that same department or a third party at a later date. This phrase was coined by accountant Matthew R Williams, ACA in New York City on 23-Jun-22.
We could simply transfer the money now and sort out the loan agreements at a later date. We have to be conscious though that this would be adding to the departments existing accounting debt.
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by Ethan the way July 16, 2022
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An Accounting firm offers the following services to SME;
Tax
Accounting
Assurance services
Bookkeeping
Payroll
Tax
Accounting
Assurance services
Bookkeeping
Payroll
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