Category: 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 repaying debt. This form of debt can give you the boost you…

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 value of an asset after…

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 expenses, are the costs involved in daily business operations. We strive to provide the best…

Incorrectly choosing your filing status can lead to underpayment or overpayment of taxes. Massachusetts is considered a relatively high-tax state, primarily due to its income tax rates and property taxes. However, the overall tax burden can vary depending on individual circumstances and location within the state. This ensures you meet deadlines and accurately file, allowing…

Record that income under last month’s transactions on the day you received the check. If you bill a customer today, but they pay weeks later, you’ll record the amount on the day of payment. Similarly, you’ll record expenses on the day you pay them, even if you received the invoice weeks earlier. Fundamental Analysis: Principles,…

Different types of equity accounts are used in accounting, such as common stock, preferred stock, retained earnings, and treasury stock. It is necessary to be familiar with the concept of accounts and how they are used in accounting. An account is essential to record, store and report financial information. This article will explore what an…

When speaking or giving a presentation, be sure you are using the words in the right manner so people can follow your premise clearly. There are actually a few different meanings of ‘Pore’ that fall under the same https://www.bookstime.com/ spelling, but those will be clarified here. The most common use is what we have already…

When speaking or giving a presentation, be sure you are using the words in the right manner so people can follow your premise clearly. There are actually a few different meanings of ‘Pore’ that fall under the same https://www.bookstime.com/ spelling, but those will be clarified here. The most common use is what we have already…

When speaking or giving a presentation, be sure you are using the words in the right manner so people can follow your premise clearly. There are actually a few different meanings of ‘Pore’ that fall under the same https://www.bookstime.com/ spelling, but those will be clarified here. The most common use is what we have already…

When speaking or giving a presentation, be sure you are using the words in the right manner so people can follow your premise clearly. There are actually a few different meanings of ‘Pore’ that fall under the same https://www.bookstime.com/ spelling, but those will be clarified here. The most common use is what we have already…