Bookkeeping

It will be referenced by the formula in F, which we will get to shortly. For the upcoming PPE, we can take the average life of the assets over the past years. I have considered 5 years for the old PPE and 7 years for the new CAPEX. Projecting the CAPEX and D&A schedule is […]Continue reading

Excel’s most recent release includes new features and tools that can make working with financial data easier and more efficient. Consider taking one of these top accounting courses if you want to start a career in accounting or advance your current accounting knowledge. These courses will provide you with the knowledge and skills required to […]Continue reading

This can help clear out inventory without making customers accustomed to buying only when there’s a sale. For example, you might offer bulk purchase discounts to large buyers but limit early payment discounts to customers who have shown reliability in the past. Here are contra revenue account some practical ways to lower contra revenue, improve […]Continue reading

The bribery provisions prohibit a company from bribing a “foreign official” or a politician for the purpose of influencing his or her official actions for the advantage of the company. A “government official” is potentially a very broad group in some countries, including, for example, medical personnel in a national health system. Recent studies and […]Continue reading

In conclusion, an independent contractor invoice is more than just a bill; it’s a reflection of your business and an essential tool for financial management. A well-structured service invoice template helps document services rendered and their corresponding payments. Make running your business easy with self-employed contractor invoice templates. A freelance invoice template lets you customize […]Continue reading

You’ll add profits, or deduct losses, to calculate how much wealth stays in the company’s pocket. The plot behind this step revolves around the outcome of your business’s operations. Revenue is nothing but a high-five until you subtract the costs it took to rack up those sales. Your retained earnings can thus be seen as […]Continue reading

Content Tips for Categorizing Your Property Office Equipment on Classified Balance Sheet Real Property vs. Personal Property: Why The Difference Matters Non-physical assets Examples of Assets With electronic banking, it can seem trickier to sort physical and non-physical assets, but once you understand what makes an asset intangible, you’ll see the differences between the two. […]Continue reading

Job costing is a method for allocating expenses and revenue to each specific job. Not only will this help you prepare for tax time, but it provides an accurate accounting of profitability for each contract. Your company may manage short- and long-term contracts, often with varying end dates. To stay on top of cash flow […]Continue reading

Start with this beginners tax guide to learn the basics of taxes for small businesses. Florida, for example, considers forgiven PPP loans taxable income for state taxes. And California does not allow businesses to deduct expenses paid with forgiven PPP loans on their state taxes. IRS customer service representatives can help with your tax and […]Continue reading

Whenever a business suspects that it may not recover the full amount of its receivables, it should record the loss immediately in its income statement in line with the prudence concept. Instead, it is added to the cost of the asset and charged as a depreciation or impairment expense over its useful life. When promotion […]Continue reading