Articles by Wade Anderson on ArticleSnatch.com

Expand Your Company's Horizons By Using Consultants In Addition To Employees

Thu, 08 Jul 2010 00:09:31 -0400

The very term consultant has different meanings when applied to different spheres of activity that may span a wide array of services as well as different providers. It thus becomes necessary to put into writing a consulting agreement that will define the relationship between the consultant and the client. This means defining the terms and nature of the consulting agreement and all other specific points that the agreement shall hold and there are a number of provisions that a consulting agreement should contain. These are definition of services, payment schedules, contingent payments, and obligations of the consultant, ownership of the work product and termination provisions. Defining the definition of services often proves to be the hardest because very often the services are of a general nature but they must nevertheless be defined in as much detail as possible. Omitting to define the services to be rendered will prove costly as there won't be any yardstick to judge whether the consultant has indeed provided the services or not and met with all of their obligations. **End Summary** Topics: consulting agreement]]> consulting contract]]> consulting]]> consultant agreement]]> consultant contract]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view a Consulting Agreement

Use Best Practices In Forming A Limited Liability Corporation

Wed, 07 Jul 2010 23:34:07 -0400

The articles of organization for an LLC acts as a charter to found the existence of the LLC and are different for different states in the US. They contain the basic information that pertains to the new business. The LLC articles of organization are generally filed with the Secretary of State's office or any other like agency that takes care of business registration. The document describes the characteristics that identify the organization and pertain to its operations. After the documents are filed and approved by the state, the LLC articles of organization legally creates the LLC as a registered business entity in that state. The LLC articles of organization contain the name and address of the LLC and includes the principal place of business. Further, the articles spells out the nature of the business and the language so used is generally left open so as not to constrain the company's business activities; usually containing terms such as "to engage in any lawful activity". The articles will also contain the name and the address of the registered agent of the LLC who shall be authorized to take delivery physically of specified legal documents such as lawsuits on behalf of the LLC. **End Summary** Topics: llc articles]]> limited liability]]> limited liability corporation]]> llc articles of organization]]> llc]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view LLC Articles Of Incorporation

Independent Contractor Agreements Can Help Many Businesses

Wed, 07 Jul 2010 18:51:12 -0400

The independent contractor agreement is meant to define the essential elements of a contractor relationship, which should include clearly specifying the contract worker's responsibilities and duties. In case a worker is classified as "employee" and not an "independent contractor" the company will be liable for paying extra taxes, keeping records up to date, and meeting with the safety requirements. This type of indenpendent arrangement is a viable option that prevents such extra obligations by showing that the contractor relationship exists and is valid for the particular instance. It is essential that the independent contractor agreement specifies the relationship between the company and the contractor in great detail. This may also involve consulting the laws of the state in which these activites take place. **End Summary** Topics: independent contractor agreement]]> independent contractor]]> contractor]]> contracting]]> consulting]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view an Independent Contractor Agreement

Use A Health Care Power Of Attorney To Protect Medical Rights, Particularly For The Elderly

Thu, 03 Jun 2010 20:59:27 -0400

A healthcare durable power of attorney is a legal document which is used by a patient to inform his or her personal professional healthcare givers about his/her wishes regarding the healthcare treatment decisions that will take place in the event that he/she loses the capacity to make his/her own decisions with regard to healthcare problems that are sure to arise following his/her incapacity. It is normal for a patient to sign a healthcare durable power of attorney that will indicate his/her wishes that he/she does not wish for artificial life support or painful and invasive medical intervention in case there is no longer any real hope of surviving the present condition. In addition, the healthcare durable power of attorney is also used to appoint a specified other person who is designated as being able to make decisions on behalf of the patient and give instructions to healthcare professionals to stop any medical interventions and to let the patient expire. **End Summary** Topics: health care power of attorney]]> durable power of attorney]]> healthcare power of attorney]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view a Health Care Durable Power Of Attorney

Why You Should Document That Sublease With A Commercial Sublease Agreement

Wed, 02 Jun 2010 22:09:21 -0400

The commercial sublease takes effect when the lessee in a lease allows a third party to assign and in effect makes the old lessee the sublessor and the new lessee the subtenant. This would imply that the owner of commercial property may lease out the entire property to a management company who further finds tenants for each individual unit and gives them control. It may be noted that certain leases do not allow subleasing of the property. Generally, the commercial sublease is entered into on a particular date between the tenant and a subtenant who agree that the tenant is the lessor of the property whose address is specified in the agreement and that the tenant is desirous of subletting the portion of the property to a subtenant who is desirous of leasing the property from the tenant, subject to the terms and conditions of the commercial sublease agreement. The agreement would set out the rental period that would continue on a monthly basis and if the subtenant wishes to discontinue the rental agreement, then the subtenant needs to give a certain amount of notice in writing to terminate the rental agreement. **End Summary** Topics: commercial sublease agreement]]> sublease agreement]]> sublease]]> office space lease]]> subtenant agreement]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view an Commercial Sublease Agreement

Why Buy Equipment When You Can Lease It When Leasing Makes Sense

Wed, 02 Jun 2010 21:41:49 -0400

The equipment lease agreement is useful when a company uses all forms of equipment, including office equipment, salon equipment and heavy construction equipment. It should contain options for financing as well as purchase terms. Many companies find it useful to lease equipment instead of purchasing outright as it is a means to help the business stay abreast with the latest in technology and manage cash flow. It also means reduced payments every month as compared with taking out a loan and also enables the company to avail of fixed financing rate. However, leasing can also mean having to pay more over the long term since you are committed to keeping the equipment for a given period of time. Making the decision to lease equipment is usually a special decision and, therefore, before entering into an equipment lease agreement you would need to study all its aspects carefully. You need to have your equipment lease agreement contain the exact description of the equipment as well as the duration it is to be leased. Also state whether just one contract will suffice that will include bundled service supplies, training, and equipment maintenance? **End Summary** Topics: equipment lease agreement]]> equipment lease]]> lease equipment]]> lease agreement]]> lease equipment instead]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view an Equipment Lease Agreement

Building? Remodeling? Protect Your Project With A Written Construction Contract

Wed, 02 Jun 2010 21:29:08 -0400

The construction contract is a useful document that spells out the details regarding a contract for construction purposes. There are certain features that need to be spelled out in each agreement which should cover the salient points and help form an effective agreement between the concerned parties. Depending on the nature of different contracts, some features may be applicable while others may need to added for specific situations. Some of the salient points that should be included in the construction contract are identities of the parties, recitals, obligations of the parties, terms of the contract, price, payment terms, representations and warranties, liability and termination of contract. The identity of the parties should include the name, type of entity of each party (e.g. Corporation, LLC etc.), and addresses. The recitals should include the background of the agreement, purpose for entering into the contract, and key assumptions of the contract. The obligations of the parties should include what each side required to do, when the construction will be completed, and whose obligation is any delivery costs. **End Summary** Topics: construction contract]]> written construction contract]]> building contract]]> remodeling contract]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view an Construction Contract

Is Your Company Prepared For An Emergency? Do You Have An Emergency Action Plan?

Wed, 02 Jun 2010 14:30:34 -0400

In case of a fire or other emergency situation, there ought to be an emergency action plan in place to kick in and help employees get to safety. A good emergency action plan which explains what the employees have to do in emergency situations will ensure their safety and well being, resulting in fewer fatalities and less structural harm to the premises during emergencies. Establishing procedures is not a difficult task and only requires that employees react in a certain manner during emergencies, bearing in mind the type of worksite plan, structural features and emergency systems that the company has. **End Summary** Topics: emergency action plan]]> emergency action plans]]> emergency action]]> action plan]]> company prepared]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view an Emergency Action Plan

How To Enjoy The Tax Benefits Of An S-Corporation

Wed, 02 Jun 2010 14:30:25 -0400

The S corporation is great for small businesses due to the fact that it eliminates double taxation of the standard corporation. S corporations get some appealing tax benefits while at the same time allows business owners to avail of liability protection of a corporation. In this form of company organization, the income as well as losses are passed through to shareholders and are included on their individual tax returns, thereby causing just one level of federal tax to be paid. The S corporation should not have more than 75 shareholders with a husband and wife shareholding couple counting as one shareholder. In addition, the following entities only can count as shareholders: individuals, estates, certain trusts, tax-exempt charitable organizations, certain partnerships and finally, other S corporations, though only when the S corporation is the sole shareholder. There are certain contents that are common to the S corporation shareholder's agreement and they include an explanatory statement, consent to S election, restriction on sale of common stock, restrictive legend, request to transfer, transfer by reason of death, transfer in violation of agreement, stock issued or transferred in the future, revocation of election, termination, miscellaneous, and signatures of shareholders as well as witnesses. **End Summary** Topics: s corporation]]> s corporation shareholders]]> s-corporation shareholder agreement]]> corporation election]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view an S-Corporation Shareholder Agreement

Expedite A Divorce With A Marital Settlement Agreement

Wed, 02 Jun 2010 08:59:03 -0400

A marital settlement agreement is an agreement in which the terms of a divorce and the relationship between the two marital partners following a divorce is spelled out. It is usual for the marital settlement agreement to cover division of property, custody of children and child plans, while also touching on the subject of debt division, spousal support and all other relevant issues that are related to the divorce. It is not necessary to file the marital settlement agreement, though doing so has a number of benefits. In the first place, filing the agreement will mean that the provisions of the agreement will be set down in writing which leaves little or no room for ambiguities. Secondly, the spouses will not need to go to court because it is usual for judges to honor the written agreement when such an agreement has been written correctly and covers all material aspects related to the divorce. Thirdly it shows to the court that the two parties have sat down and thought out the different issues, which will be of help in moving the matters through the court system a lot faster. **End Summary** Topics: marital settlement agreement]]> marital settlement]]> settlement agreement]]> marital settlement agreements]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view a Marital Settlement Agreement

As More And More People Lease Homes, How Does A Landlord Document The Arrangement?

Wed, 02 Jun 2010 07:00:33 -0400

Renting a home or an apartment is not as simple as is commonly perceived and depends on more factors than simply paying the rent. It is a working relationship between the landlord and tenant and requires understanding the requirements of one another and adapting to the code of conduct specified by each party. The residential lease agreement is a formal contract for properties that are rented out as private dwellings and they specify more than the rent, and includes other terms and conditions such as rules and regulations to govern the new tenant. It also spells out responsibilities of the landlord and the appropriate penalty clauses that need to be specified at the time of writing out the agreement. There are two types of rental lease agreements that are based on how long the tenant shall be staying in the residence. The first type is the short-term or indefinite lease when both parties may agree to a month-to-month rental agreement. On the other hand, long-term leases or those where the tenant plans on staying for more than one year is a more comprehensive agreement known as a residential lease agreement. **End Summary** Topics: rental lease]]> rental lease agreement]]> residential lease agreement]]> residential lease]]> rental agreement]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view a Residential Lease Agreement

Protect Yourself And Your Project With A Construction Contract

Fri, 14 May 2010 10:18:24 -0400

The construction contract is a useful document that spells out the details regarding entering into a contract for construction purposes. There are certain features that need to spell out in each construction contract which should cover the salient points and help form an effective agreement between the concerned parties. Depending on the nature of different contracts some features may be applicable while others may need adding. However, some of the salient points that should be included in the construction contract are identities of the parties, recitals, obligations of the parties, terms of the contract, price, payment terms, representations and warranties, liability and termination of contract. The identity of the parties should include the name, type of entity of each party (e.g. Corporation, LLC etc.), and addresses. The recitals should include the background of the agreement, purpose for entering into the contract, and key assumptions of the contract. The obligations of the parties should include what is each side required doing, when should the construction be completed and if something needs to be delivered whose obligation is it to and at whose cost. **End Summary** Topics: construction]]> construction contract]]> payment terms]]> contract clause]]> contract early]]> contract documents]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view a Construction Contract

When A Person Suffers Injury A Proper Claim For Damage Is A Must When Seeking Restitution

Thu, 22 Apr 2010 22:22:42 -0400

The first thing that needs to be taken into consideration when filing a claim for damage is to define the type of personal injury suffered which could include injury at work, a traffic-accident, other injury caused by faulty goods or services or even an injury sustained by tripping. The injury may be physical and/or psychological. In addition, one may also need to file a claim for damage for damage to property or vehicle. Once a person has sustained a personal injury or has had property damaged or vehicle damaged, he or she may need to consider whether to make a claim only or to take further action. The claim for damage may be made using a claims assessor, taking the matter to a civil court, making the claim to the Criminal Inquiries Compensation Authority or through a criminal compensation order. In order to further the process of making a claim for damages one would necessarily have to fill out a form that contains all the relevant information and documents the loss, damage or injury and be signed, preferably in ink, on each copy of the claim form. **End Summary** Topics: claim for damages]]> damage claim form]]> damage claim]]> injury claim]]> merchandise claim]]> claim form]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view a Claim For Damage Form

How To Use An Affidavit Of Heirship To Protect Real And Personal Property Upon Relative's Death

Thu, 22 Apr 2010 07:09:49 -0400

In the event of the death of a loved one, an affidavit of heirship is necessary for the transfer of certain property or to record in the land records. There are different laws that govern this form in different states in the US and one should consult the local law manuals when considering making an affidavit of heirship. This form becomes necessary to state the heirs of the deceased person and is commonly used for establishment of who owns the personal and real property and it must also be recorded in the official land records, if it is deemed to be necessary. To cite an example, when a person dies and does not leave a will and has a son and no estate is opened and the son sells the land it becomes necessary for the son to get an affidavit of heirship to record with the deed. A point to note is that the person who executes the document should preferably be not an heir of the deceased or be interested in the estate. In addition, the affidavit statement needs to be notarized. **End Summary** Topics: affidavit of heirship]]> heirship affidavit]]> estate planning]]> personal finance]]> will and testament]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view an Affidavit Of Heirship

You Have Your Business Plan, But Do You Have Your Business Plan Presentation?

Sun, 18 Apr 2010 12:50:49 -0400

There are times when you get potential investors interested in your proposed business plans. You then have a short period of time in which to explain the business plan in more detail and convince them about the viability of your business venture. In situations such as these you will need to make a very telling business presentation plan in which every detail is presented and where every minute counts in showing off an effective presentation. You need to analyze the prospective audience and learn beforehand who will be attending your presentation. It will pay to have some background on each investor, and you should also know what other businesses they have invested in. The business presentation plan should be well organized and it should clearly outline the key points that you wish to get across. The material should be arranged in a similar manner to the way that your business plan has been organized and you need to make sure that there are no gaps or inconsistencies in the outline. You should also have a well prepared notes to keep on point during the presentation of the business plan. **End Summary** Topics: business plan presentation]]> business plan]]> write a business plan]]> ppm]]> executive summary]]> business]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view a Business Plan Presentation

Often, It's Cash Flows That Determine Whether Or Not A Company Makes It. So What Is It?

Thu, 15 Apr 2010 13:30:34 -0400

When a company wishes to see its projected cash inflows and outflows for a certain period of time it makes use of the cash flow budget. This can predict the expected receipts of cash as well as cash disbursements each and every month. The cash flow budget can also, if so required, predict cash inflows and outflows on a day to day or even weekly basis. It may be noted that trying to project too far into the future is not so useful for the cash flow budget, it is best to prepare it for the near term, rather than long term; while periodically updating the budget. When a cash flow budget is not periodically updated, it can become a stagnant document and the purpose of such a budget is pointless. This leads one to believe that the cash flow budget should look at a six month period in order to minimize the level of uncertainty involved in making a long-term budget. In addition, this much time should suffice to take early action to correct errors based on the six month period predictions. **End Summary** Topics: cash flow budget]]> cash flow statement]]> cash inflows]]> cash outflows]]> cash budget]]> budgeting cash flow]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view a Cash Flow Budget

What Is Most Advantageous To A Business, Capital Leases Or Operating Leases.

Thu, 15 Apr 2010 13:14:43 -0400

Many a company will need to decide whether it wishes to lease the equipment in the form of a capital lease, or use an operating lease; they also should know the difference between these two forms of financing. There is a number of differences involved when considering either form, particularly how the leased asset is accounted for. One must consider the company's credit rating, how long the equipment is going to last, and when it will become obsolete. Taking into consideration all of these factors should help in deciding the better option for each company. The operating lease is useful when the business or company requires rent equipment for a given period of time after which the equipment gets returned to the renting company. Such an option has its own advantages and disadvantages, and the main drawback would affect your business in case the equipment is not likely to get too old within its industry. On the other hand, if the industry in which it is used in which aged equipment does not make a big and negative impact, this option is well worth considering. **End Summary** Topics: capital lease]]> operating lease]]> lease schedule]]> lease spreadsheet]]> types of leases]]> lease]]> leasing]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view an Capital And Operating Lease Schedule

The Importance Of Documenting Your Board Meetings With Formal Board Meeting Minutes

Wed, 07 Apr 2010 21:53:54 -0400

It is essential that corporations keep proper documentation of the board meeting minutes and it is also a legal requirement as well. In fact, there are certain jurisdictions in which not keeping the correct records can lead to liability for shareholders, especially when the shareholders are themselves directors or even in the event that the shareholders enjoy close relationships to the directors of the corporation. Thus, people entrusted with creating board meeting minutes may sometimes be at a loss as to the proper format and would thus appreciate having a board meeting minutes template to make the task easier. The template should ensure that every essential element is noted including type of meeting, name of organization and time and date of meeting as well as the name of the facilitator or chair, main topics discussed and time of adjournment. And, if it refers to corporate meetings or formal meetings makes sure that approval of previous minutes should have been included along with the resolutions passed. In addition, the template should allow for the agenda of the meeting and have plenty of places to make notes. If various topics are already present it should allow users to jump straight to them. **End Summary** Topics: board meeting]]> board meeting minutes]]> minutes of board of directors meting]]> BOD Minutes]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view a Board Meeting Minutes Template

Cash Is King!! Use A Burn Rate Forecast To Know Exactly How Long Your Cash Will Last

Wed, 07 Apr 2010 17:28:19 -0400

A Burn rate forecast is of vital importance, especially in the case of cash; as a company that spends too little would be in as bad a condition as one that spends too much. It is well known that every project will entail taking different levels of risk and will each require various time frames in which to absorb the funds. The burn rate forecast is often used to get a project off the ground and help the company attain a level in which the revenues begin to flow into the project. There is need for revenues or cost savings to outdistance itself from investments that are being made in order to sustain the growth of the project over a considerable time frame. Most start-up companies are not known to have a good cash-flow forecasting ability even though everything revolves around cash flows. It is thus necessary for the company to estimate how much cash it has and how long it can survive on such amounts along with revenues earned. The period of time so arrived is known as the burn rate period. **End Summary** Topics: burn rate forecast]]> burn rate]]> burn rate spreadsheet]]> calculating burn rate]]> cash burn rate]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view a Burn Rate Forecast

How To Form An Audit Committee With An Audit Committee Charter

Tue, 06 Apr 2010 21:28:47 -0400

Usually a company forms an audit committee charter with the purpose of assisting the Board of Directors fullfilling certain tasks related to oversight, such as the company's integrity regarding its financial statements and financial reporting processes. The audit committee also is responsible for ensuring that the internal accounting systems and financial controls are properly functioning. The charter may also have as its aim to check the internal audit services functionality, evaluating the qualifications of the independent auditors and ensure their independence and performance. Lastly, the charter shall also ensure that the company complies with all legal as well as regulatory requirements that also include the disclosure controls and also procedures of the company. Other aspects that the audit committee charter may deal with include evaluating the process used by management in assessing and also managing the risk issues facing the company and being able to fulfill responsibilities set out in the charter. Finally there should also is a report of the committee that is included in the annual proxy statement of the company. **End Summary** Topics: audit committee]]> audit committee charter]]> audit]]> board of directors]]> internal audit]]> financial audit]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view an Audit Committee Charter

How To Prepare A Proper Bank Reconciliation

Tue, 06 Apr 2010 19:12:43 -0400

When companies use a process to match and compare figures from their records pertaining to their accounts against those found on a bank statement it is known as bank reconciliation. Such a process should end up with the balance of the accounting ledger matching those of the balance of the bank statement. It thus becomes possible to compare a bank account record with the general ledger record and thus ascertain whether there is any adjustment to be made if a discrepancy is found in order to reconcile the bank statement with the general ledger accounts. It is normal for a company or individual to keep a general ledger cash account which records all transactions involving its checking account and the bank will create records of the company's or individuals checking account at the time it processes the checks, deposits, service charges, and miscellaneous items. At the end of the month, or shortly after that the bank prepares a bank statement, which lists activity in the company or individual's bank account pertaining to the last month and also shows the balance remaining in the account. **End Summary** Topics: bank reconciliation]]> bank recon]]> bank reconciliation form]]> reconcile bank account]]> bank form]]> bank]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view an Bank Reconciliation Form

Why You Should Document All Sales With A Legal Bill Of Sale

Tue, 06 Apr 2010 19:09:42 -0400

The Bill of Sale is a legally drafted document prepared by a seller for the purchaser stating that the seller will be selling a specific item or property which they lawfully own, on a particular date and at a specified location for a certain sum of money. It is a document written with the intention of attesting that there is to be a transfer of goods, business or other possessions to the buyer. It proves that the buyer has taken possession of the goods or other possessions and is now the rightful owner of the specified goods and contains all the details of what has been bought. A bill of sale may include the agreed to terms and conditions that includes the date of transfer of goods, price and the time of payment as well as all other provisions. A bill of sale is the document which allows personal property to be transferred from the seller to the buyer. It is an agreement that is under seal and is considered by law to be an agreement which conveys title from the seller to the buyer. **End Summary** Topics: bill of sale]]> bill of sale form]]> bill of sale agreement]]> legal bill of sale]]> accounting bill of sale]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view a Bill Of Sale Form

The Ins And Outs Of A Bank Guarantee Letter

Tue, 06 Apr 2010 10:08:35 -0400

A bank guarantee letter is a document that an approved bank shall supply in which the bank will certify that an entity has enough funds in the form of deposits with the bank to meet an obligation. You could also say that the bank guarantee is established in the form of written declaration on the part of the bank forming a letter of guarantee in case a debtor defaults on the obligation. The bank shall undertake to satisfy the creditor up to an amount of money as stated in the letter of guarantee. Usually, banks will give the bank guarantee letter if all the required documents are in order and that the amount guaranteed is in excess of its minimum guarantee amount. The term of the guarantee may be one year or longer as agreed to by the bank at its discretion. There is also much different type of bank guarantee letters which help in eliminating risks to suppliers as well as customers. In case the customer requires assistance, most banks have personal bank advisors that will be only to happy to assist and also advise regarding different administrative aspects. **End Summary** Topics: bank guarantee]]> bank guarantee letter]]> letter of credit]]> line of credit]]> bank guarantee form]]> bank]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view a Bank Guarantee Letter

Confirm Bank Balances With A Bank Cash Confirmation Letter

Tue, 06 Apr 2010 09:59:10 -0400

The bank cash confirmation letter can be used in almost every type of financial statement audit. Accountants use this to confirm that the account holder has a certified balance with a financial institution or bank. The wording of the bank cash confirmation letter may include a declaration that the account holder has furnished to the accountant all requisite information at the end of the calendar year regarding his or her deposits and loans. In addition, in the case of a company, the accountant will, every year, review the financial statements and will require a bank confirmation to verify the company's accounting information and balances. The letter will provide documentary affirmation that the company has the specified cash balances in the bank. Usually, the bank may require several days to process the requests and may even levy a charge for them. The bank cash confirmation letter is useful when one wishes to have a third party confirm your qualifications for specific purposes such as applying for a visa from an embassy, business registration or audition. **End Summary** Topics: confirmation letter]]> cash confirmation letter]]> bank confirmation letter]]> legal confirmation letter]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view a Cash Confirmation Letter

Document The Sale Of A Car With An Auto Bill Of Sale

Tue, 06 Apr 2010 09:30:52 -0400

The auto bill of sale is a document that will help the seller and the buyer save from having hassles down the road When selling a car. In an auto sale to a private person it is necessary to prepare an auto bill of sale for the buyer to sign. The seller should keep a copy as well for one's own records. This record of the auto bill of sale may be required to prove the date that the ownership of the vehicle was transferred to the buyer. The auto bill of sale must set forth the description of the vehicle being sold and should also include the year, make, model and vehicle identification number (VIN) as well as how many miles that vehicle had traveled up to the sale date. The auto bill of sale should also specify that the vehicle is being sold in "as is" condition which will help to protect the seller against any claims made in the future from the buyer with respect to the condition of the vehicle. **End Summary** Topics: auto bill of sale]]> car bill of sale]]> automobile bill of sale]]> bill of sale]]> rv bill of sale]]>]]> About the Author: ]]> Wade Anderson is a CPA and operates DigitalWorkTools.com. Click to view an Auto Bill Of Sale