Bookkeeping

Under this system, no purchases account is maintained because inventory account is directly debited with each purchase of merchandise. Under perpetual inventory system, the expenses that are incurred to obtain merchandise inventory are added to the cost of merchandise available for sale. These expen...

But this, the whole, what is probably higher on the hype cycle right now is stablecoins. Their stablecoin and the white paper that they issued, and testimony by Mark Zuckerberg in front of Congress. Like everything, though, there’s lots of different opinions, but I think that’s great leadership....

Throughout each stage of growth, we’ll work together to reduce taxes, strengthen the value of your practice, and increase your personal wealth. We develop a customized strategy to limit tax exposure and supply the tools you need to control expenses and maintain proper cash flow. We provide inc...

This cost would be capitalised and added to the asset’s bookkeeping book value on the balance sheet. This includes purchase price, shipping costs, installation charges and any other costs directly attributable to bringing the asset to its working condition. Some fixed assets’ fair values can...

It’s based on principles of collaboration, unobstructed discovery, and, most importantly, scientific progression. As PhD students, we found it difficult to access the research we needed, so we decided to create a new Open Access publisher that levels the playing field for scientists across the wor...

To join the program and easily manage your practice with one log in, sign up for free today. David Wickenberg, CPA and Partner at KWB Chartered Professional Accountants, shares their firm’s journey to the cloud and how QuickBooks Online has helped them find more clients and offer new services. Suc...

This app provides remote accounting capabilities without compromising the foundational features of the desktop software. In addition, the AccountEdge Hosted option provides remote access from any device, offering flexibility to businesses. Xero is a good choice for small businesses that are looking ...

Staff throughout your business participates in this kind of forecasting, and it tends to be more realistic and accurate. This forecasting method draws on sales reps’ and sales managers’ opinions about how likely an opportunity is to close, so the technique is highly subjective. Estimates from re...

Companies in these sectors consequently tend to experience earnings peaks and valleys that fall in line with economic cycles. Additionally, dividend reductions are viewed negatively in the market and can lead to stock prices dropping (2). For instance, federal sales tax deduction insurance company M...

Cash flow from financing activities reveals the health and direction of a business. A negative owners’ equity means the company owes more money than it owns. It could be an indication of impending bankruptcy unless the business gets an infusion of cash. Below are definitions and examples of th...