augustus 18, 2021 by Redacteur Redacteur in Bookkeeping
Similarly, accounts payable turnover (sales divided by average payables) is a short-term liquidity measure that measures the rate at which a company pays back its suppliers and vendors. Common forms of turnover include accounts receivable turnover, inventory turnover, portfolio turnover, and… Continue Reading →
augustus 5, 2021 by Redacteur Redacteur in Bookkeeping
When you provide accounting consulting services, you do more than make sure the numbers add up. As a CPA consultant, you analyze the numbers and trends and provide thoughtful, detailed insight to improve your client’s business going forward. If you succeed in forging a path to your… Continue Reading →
juli 16, 2021 by Redacteur Redacteur in Bookkeeping
Content Wrapping up: How to calculate sales tax How do you calculate sales tax? How do I calculate sales tax backwards from the total? Download the Free Sales Tax Decalculator Template Are any goods or services exempt from sales taxes?… Continue Reading →
juni 7, 2021 by Redacteur Redacteur in Bookkeeping
Profit is lower than revenue because expenses and liabilities are deducted. The most liquid of all assets, cash, appears on the first line of the balance sheet. Cash Equivalents are also lumped under this line item and include assets that… Continue Reading →
mei 27, 2021 by Redacteur Redacteur in Bookkeeping
Content Classified Balance Sheet What Is A Classified Balance Sheet? (Explained) Summary of IAS 1 How to Prepare a Classified Balance Sheet How to use the accounting equation with a classified balance sheet Recall that the income statement shows the… Continue Reading →
april 30, 2021 by Redacteur Redacteur in Bookkeeping
Content Crypto Gambling Tax: Investor’s Guide 2023 Gambling Losses May Be Deducted Up to the Amount of Your Winnings Personal income tax: The other-state tax credit US estate tax: Not just for US citizens The Downside of Winning Calculating Gambling… Continue Reading →
april 22, 2021 by Redacteur Redacteur in Bookkeeping
Investopedia collected and analyzed several key data points from over 13 companies to identify the most important factors for readers choosing accounting software. We used this data to review each company for cost, ease of use, reputation, functionality, and other… Continue Reading →
maart 12, 2021 by Redacteur Redacteur in Bookkeeping
Based on market conditions, the price could be less than or greater than $1,000. Say you are taking out a mortgage for $275,000 at 4.875% interest for 30 years (360 payments, made monthly). Enter these values into the calculator and… Continue Reading →
november 12, 2020 by Redacteur Redacteur in Bookkeeping
After a physical inventory is completed, record the adjusting entries to the general ledger. Retain an electronic copy of the physical inventory along with the completed physical inventory reconciliations, and keep these copies available for internal and/or external auditors. It’s… Continue Reading →