Category Bookkeeping

11 Apr

S corporations Internal Revenue Service

The second component of the income comes to the shareholder (owner) as distribution, which is not taxed. By making a “reasonable” division between the two components, there can be a […]

26 Feb

How to Make a Balance Sheet for Accounting: 13 Steps

For example, imagine a company reports $1,000,000 of cash on hand at the end of the month. Without context, a comparative point, knowledge of its previous cash balance, and an […]

28 Nov

compensating balances definition and meaning

This financing option offers quick access to funds without maintaining compensating balances, making it suitable for businesses needing immediate capital. Compensating balances often go hand-in-hand with establishing a banking relationship. […]

23 May

Future Value FV Formula + Calculator

There can be no such things as mortgages, auto loans, or credit cards without FV. This website is using a security service to protect itself from online attacks. There are […]

4 Apr

How to Calculate Net Income: Explained with Formula and Examples

Analysts in the United Kingdom know NI as profit attributable to shareholders. As you can see, while net income and cash flow are related, they measure different things, and it’s important to […]

10 Aug

Cost of Goods Sold COGS Definition and Accounting Methods

Cost of goods sold is the direct cost of producing a good, which includes the cost of the materials and labor used to create the good. COGS directly impacts a […]

26 Jul

How to Calculate the Bond Price example included

One thing to remember is that the price of a bond is inversely related to the interest rate. When interest rates go up, the price of a bond goes down, […]

2 Mar

New $20 minimum wage for fast food workers in California set to start Monday Anchorage Daily News

That’s “a small percentage increase, but this is a really big one … Businesses have had time to react to this, so they knew it was coming,” he added. A […]

4 Oct

Understanding Goodwill in Accounting: A Comprehensive Guide for Business Owners & Students

This excess amount can be amortized, allowing businesses to deduct it from their taxable income over a specified period, reducing their tax burden. In accounting, goodwill is an intangible asset […]

6 Jul

Enterprise resource planning Wikipedia

Oracle’s AI-powered digital assistant simplifies and speeds common tasks, allowing you to ask simple questions like “what’s the status of my open purchase requisitions? ” Personalized tasks like invoices or […]

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