Category: Bookkeeping

There are expenses that are due but have not been paid as of the end of the current accounting period. The benefits of such expenses have been consumed although due to some reason they are not paid. We’ll explain how to pass a journal entry for outstanding expenses in this article. That way, your books […]

In other words, DSCR assesses whether the cash flow available is adequate to pay off the debt repayment obligations of the company. Be sure to spread it around via social media so that other small business owners such as yourself can also learn about the debt service coverage ratio and how to improve their fundability. […]

All of this could be worth the cost if you’re trying to deliver a bespoke experience, though. QuickBooks integration with BigCommerce enables synchronization of sales and order data, simplifying accounting tasks. Accrual accounting allows for a more accurate reflection of a company’s financial health by recognizing revenues and expenses when they are earned or incurred, […]

If however, the owner gets a cash advance on his credit card in the future to fund business expenditures, then that inflow can be treated as an asset. But until then, the potential asset will not show in the books of the cleaning business. Lastly, a resource cannot be treated as assets when a business cannot […]

The purchase contract doesn’t specify how much of the purchase price is for the house and how much is for the land. Continue to use the same method of figuring depreciation that you used in the past. You can depreciate your property if it meets all the following requirements. If your loan or mortgage ends, […]

It handles bookkeeping accounts such as expenditures, receipts, profits, losses, payables, and receivables. Other services include payroll, sales tax, and reporting of these processes. She draws upon over three decades of industry experience in serving businesses. She has lent her expertise to clients in the construction, real estate development, and retail industries. Acceler8 LLC is […]

Greenstone, a Cultura Company is the leading market provider of agribusiness software solutions with integrated agricultural accounting, management software, and innovative agribusiness tools. From business and commodity management, to grain trading and patronage solutions, Greenstone provides solid and scalable solutions for agribusinesses of all sizes. Course DescriptionAgricultural Accounting addresses every aspect of the accounting that […]

In fact, they’re 1.6% less likely to graduate with a Master’s Degree and 0.0% more likely to earn a Doctoral Degree. Also, ensure that your résumé contains adequate detail about your previous employers. “The biggest mistake high-level accounting people make on their résumés is that they don’t let the reader know the type of industry […]

Kent holds a Bachelor of Science in accounting from Binghamton University. Get instant access to video lessons taught by experienced investment bankers. Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts. Of the $1,000 sale price, we’ll assume $850 of the sale is allocated to the laptop sale, while the remaining $50 is […]

Also, qualified improvement property does not include the cost of any improvement attributable to the following. Generally, this is any improvement to an interior portion of a building that is nonresidential real property if the improvement is placed in service after the date the building was first placed in service. To qualify for the section […]