Bookkeeping

” Perhaps some of the corporation’s items in inventory have become obsolete. The cash outflows are the cash amounts that were used and/or have an unfavorable effect on a corporation’s cash balance. https://www.bookstime.com/ Hence, these amounts will appear in...

Lisa has a strong attention to detail and is always willing to go above and beyond for her clients. Corrie opened her current bookkeeping business in 2005 and worked as a QuickBooks Pro Advisor since 2004. If you're tired...

Though only regulated and publicly traded businesses are legally obligated to follow GAAP, some private companies also choose to meet the same standards in financial statements. This makes it easier for investors to analyze and extract useful information...

However, depreciation expense is not permitted to take the book value below the estimated salvage value, as demonstrated in the following text. The journal entry to record the purchase of a fixed asset (assuming that a note payable is...

Depreciation recapture can be a useful approach to saving on taxes when it comes to capital assets. If you’re interested in taking the depreciation recapture approach to saving on taxes, you should also pay attention to the IRS’s depreciation...

The conversion helps wage earners establish an effective tax plan and manage any tax implications. Similiarly, some people have side gigs or seasonal income sources that add substantially to their incomes. Calculating annualized income tells them how much extra income...

Calculating common stock on the balance sheet provides transparency into a company’s ownership structure. It shows how many shares are outstanding and https://www.kelleysbookkeeping.com/ how much money the company has received from issuing those shares. At first glance, the stock...

Earlier, we were provided with the beginning of period balance of $500,000. But an important distinction is that the decline in equity value occurs https://www.quick-bookkeeping.net/ due to the “book value of equity”, rather than the market value. As a...

If you need to calculate the growth rate, tap/click the link on this line to open the stock growth rate calculator in a new window. Shares outstanding are used to determine a company’s market capitalization, i.e. the total...

Some states do not charge sales tax on specific categories of items. In Massachusetts for example sales tax is not charged on regular grocery items. In the hospitality industry it is common for restaurants and hotels to charge a...