Категория: Bookkeeping

The first one is the Current ratio which let us know the short term solvency of any firm. Moreover, its use is widespread in many…

Showing contra assets on your balance sheet allows potential investors to see how you write-down a depreciable asset, such as a piece of equipment. Contra…

The management of the acquiring company would have to make a decision who should be let go. However, if you manufacture products and need to…

If you have a loan or mortgage, or any long-term liability that you’re making monthly payments on, you’ll likely owe monthly principal and interest for…

A bank line of credit will generally advance up to 75% of good accounts receivable (meaning under some aging limit–usually 60 or 90 days). Many…

Since construction accounting is project-centric, you’ll need a way to track, categorize, and report transactions for each job. Accounting is an essential part of running…

People who work as accountants—including CPAs—usually have a bachelor’s degree, such as a Bachelor of Science in Accounting. By the time you complete your degree,…

As independent entities, they are generally not entitled to the same benefits as employees, including vacation pay. Contractors negotiate their own terms of service, which…

This is because it will help you to prevent fraudulent billing practices. Besides the above-mentioned payment terms, the other set of standard payment terms include…