Danh mục: Bookkeeping

That’s good for planning future income, but not good for knowing how much cash you have to work with. The cash flow statement gives you a clear view of what you have to spend right …

But here’s what you need to know to get a rough idea of what this cash flow statement is doing. Cash flow indicates the available funds with the company at the end of the accounting …

Among other things, this can include ordinary business income, income from rental real estate, dividends, and royalties. You must include copies of the Schedule K-1s issued to your shareholders with your corporation tax return. Just …

Depending on the type of business you run and how much detail you need to track, there are several different types of bookkeeping templates available for self-employed professionals. Each type is designed to help you …

MYOB has taken the further step of offering an “academy” that allows the user to develop skills interactively with tutorials that are detailed and fantastic for visual learners. It’s been updating it offerings over the …

Xero and QuickBooks Online are both powerful accounting software solutions for small businesses. However, when you compare features, QuickBooks Online inches ahead for its what is a joint cost definition meaning example stronger feature set, …

EUP provides a more accurate picture of production output and cost analysis, as it considers partially completed units and provides a way to compare the cost of production to the number of units completed. Knowing …

Businesses often have to pay ATM withdrawal fees, credit card fees, wire transfer costs, overdraft fees, and more, all of which may be deductible if they’re incurred as a cost of doing business. Businesses must …

The process of calculating DD&A involves several steps, starting with the estimation of the total recoverable reserves for depletion purposes. This estimation is crucial as it directly impacts the rate at which costs are allocated …

Accrued interest payable is the amount of interest that a borrower owes on a loan or debt but has not yet paid. This financial obligation is recorded on the company’s balance sheet as a liability …