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For investors, it’s an indicator of a company’s leverage and financial health; high interest payable might suggest heavy borrowing, which could be a red flag for potential investors. From the perspective of an accountant, interest payable is a testament to the time value of money. It’s a liability that can often be overlooked but plays
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Understanding needs is the first step in developing custom accounting solutions. Founder’s CPA Group starts by understanding your requirements above all else — only then do we begin implementation. Outsourcing your bookkeeping and payroll needs to Founder’s CPA Group keeps costs (and tempers) down. Software recommendations, setup, tax filings, bank reconciliations, and contractor reconciliation are
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