by | Apr 7, 2025 | Bookkeeping

They can also finance research and development projects or fund working capital needs. Notes payable are similar to loans but typically have a shorter repayment period and may not include interest. Moreover, you can save a portion of business earnings to go toward...

What is Residual Value and How to Calculate It?

by | Feb 10, 2025 | Bookkeeping

For other assets, companies aim to have a residual value as high as possible. This means that not only do they get to utilize the asset over its useful life, they also get to recover funds for the asset when they are done using it. Salvage value is the depreciated...

SG What does SG stand for? The Free Dictionary

by | Sep 23, 2024 | Bookkeeping

Regardless of sales, a business needs to cover this mostly fixed overhead cost before it can begin to turn a profit, so understanding SG&A is important for management to understand. Selling, general & administrative expenses (SG&A), also known as operating...