Bookkeeping

The four depreciation methods include straight-line, declining balance, sum-of-the-years’ digits, and units of production. The total amount depreciated each year, which is represented as a percentage, is called the depreciation rate. For example, if a company has $100,000 in total depreciation over double declining balance method an asset’s expected life, and the annual depreciation is […]

It is also known as net assets since it is equivalent to the total assets of a company minus its liabilities or the debt it owes to non-shareholders. Accounts within this segment are listed from top to bottom in order of their liquidity. They are divided into current assets, which can be converted to cash

Todd signs the noteas the maker and agrees to pay Grace back with monthly payments of $2,000 including $500 of monthly interest until the note is paid off. Shaun Conrad Certified Public Accountant is a Certified Public Accountant and CPA exam expert with a passion for teaching. After almost a decade of experience in public accounting,

Ratios are simple but powerful tools in the financial analyst’s toolbox. Internal and external stakeholders, such as investors, analysts, a firm’s management, and creditors, use them to evaluate various aspects of a company’s financial health. Indicates a company’s ability to pay immediate creditor demands, using its most liquid assets. Operating Profitability Ratio Analysis One of

With Web File, you can schedule payments in advance, save your bank account information for future use, and update your business information. How quickly, or slowly, you choose to sell your assets depends on a number of factors. You need to consider how long you’re going to hold on to the asset, how much it’s worth and

Additionally, you can track the check using the check number and date it was issued to see if it has been processed and cleared. The first step is to identify all checks issued accurately but remain uncashed or unclaimed. Another option is to request a stop payment on a stale or voided check to ensure

QuickBooks – QuickBooks is one of the most popular small business accounting software platforms in the world, offering an extensive array of features, add-ons, and integrations. Although it is relatively expensive, its depth, ease of use, and flexibility more than make up for the additional cost outlay. The users can easily make the balance sheets,