You don’t want to be in a situation where you have to pay more income tax than is normally required by the Internal Revenue Service (IRS). Accounting is like a
Property Management Software for small business, residential and commercial real estate
Before switching to Yardi, I used Excel and QuickBooks to manage all properties and payments. Yardi Breeze has streamlined property management; I easily keep track of tenants and leases, maintenance
How to Calculate Manufacturing Overhead Costs
Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well
Where is the premium or discount on bonds payable presented on the balance sheet?
The bonds were issued at a premium because the stated interest rate exceeded the prevailing market rate. An entity is more likely to incur a bonds payable obligation when long-term
Outsourced CFO Services: What Should it Cost?
One of the biggest benefits of having someone at the helm of that financial intersection in your business is not having to deep-dive into reports yourself. In fact, a CFO
Private Practice Forms A Breakdown Of Psychotherapy Forms For Private Practice
Most therapists have information about their session rates on their websites. However, if your therapist is in-network with your insurance plan, they agree to a negotiated rate with the insurance
What Are Liabilities in Accounting? With Examples
All other liabilities are classified as long-term liabilities on the balance sheet. The balance sheet is one of three financial statements that explain your company’s performance. Review your balance sheet
Working Capital Ratio: What Is Considered a Good Ratio?
It’s important to note that having negative net working capital does not necessarily mean that a company is in financial trouble. Companies with negative net working capital may need to
How to Calculate Retained Earnings on Balance Sheet: A Step-by-Step Guide
Finally, provide the year for which such a statement is being prepared in the third line (For the Year Ended 2019 in this case). In this article, you will learn
Conversion Cost Definition, Formula & Examples Lesson
A direct cost is a cost that can be traced to specific segments of operations. Accountants and managers use many different concepts of cost, each usually for a different purpose.