The fundamental accounting equation, as mentioned earlier, states that total assets are equal to the sum of the total liabilities and total shareholders equity. The balance sheet is one of the three main financial statements that depicts a company’s assets, liabilities, and equity sections at a specific point in time (i.e. a “snapshot”). Assets, liabilities […]
The risk-free rate is the return that can be earned by investing in a risk-free security, e.g., U.S. It’s called risk free because it is free from default risk; however, other risks like interest rate risk still apply. For example, if the price is $40 per share and the annual dividend is $4, the rate […]
Banks have been tightening up their security (which is a good thing), so you may have to jump through a couple of security hoops to get connected. QuickBooks Solopreneur, owned by Intuit, is a basic online and mobile app designed primarily for freelancers or independent contractors who file a Schedule C for tax purposes. Key […]
Buildertrend makes communicating with clients easy with messaging in the app and a client portal that allows clients to see where they are at in the process and be able to sign contract and scope changes. This is best for any contractor looking for a comprehensive, ready-to-use solution for accounting and project management. Project management […]
Under this law, employers are required to notify employees at least 60 days before a plant closing or other type of mass layoff. The individual retirement account (IRA) offers employees greater control over their retirement savings. With this retirement plan, employees can deposit funds and enjoy access to tax advantages. Payroll Dictionary is a free […]
Understanding how to find EPS is crucial for evaluating a company’s profitability. To compare the earnings of different companies, investors and analysts often use the ratio earnings per share (EPS). To calculate EPS, take the earnings left over for shareholders and divide by the number of shares outstanding. In general, higher EPS is better but […]
Some accounting systems limit the absorbed cost strictly to fixed expenses, but others include costs that can fluctuate as well. Overall, absorption costing adheres to GAAP principles for inventory valuation and provides a full allocation of all manufacturing costs to inventory and cost of goods sold. But the inventory values and net income figures can […]
By considering these factors, you can make an informed decision to outsource your accounting and ensure it aligns with your business goals. But financial accounting requires the how to use a daily business report in the bar business utmost accuracy, and you should only outsource to expert professionals after careful planning. Check out our starter’s […]
You can count on the company to accurately handle your tax issues, from overpayment to unfiled taxes and mistakes on returns. Also, you can have a full-service payroll set up for your business if you partner with the firm. Office Tax Services offers tax solutions for individuals and companies in San Diego. Besides bookkeeping and […]
The differences between and rules surrounding these two concepts are outside the scope of this article, but it is important to know they exist. This means that there is a set timeframe over which you can claim depreciation for each of them. This will help you keep track of when rent is due, and any […]