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  • How many quarters are in a fiscal year?

    Dec 24 , 2018 06:14 PM

    A quarter is a three-month period. There are four quarters in one fiscal year, as well as four quarters in each calendar year. The first quarter of...

  • First month of financial year

    Dec 24 , 2018 05:57 PM

    If the company is new, incorporated half way during the tax year, what would one select as "first month of financial year" under  &...

  • Cash Basis Accounting vs. Accrual Accounting

    Dec 24 , 2018 05:22 PM

    The difference between cash and accrual accounting lies in the timing of when sales and purchases are recorded in your accounts. Cash accounting recog...