Category Archives: Bookkeeping

In this way, the $10,000 paid at maturity (credit to Cash) will be entirely offset with a $10,000 reduction in the Note Payable account (debit). The preceding illustration should not be used as a model for constructing a legal document; … Continue reading →

If you were on unemployment during the year, you might also have a 1099-G headed your way. Insurance companies file a 1099-SB when they transfer a life insurance contract. You’ll receive a 1099-SB from the insurer if you acquired the … Continue reading →

This is especially essential when a company’s profit margins are close to breakeven. As a result, investors pay close attention to the company’s cash balance and cash flow timing. By combining them, investors have a better understanding of the underlying … Continue reading →

You can also add products, product images, set up shipping and publish your site. In order to begin accepting payments, you will have to upgrade to a Premium plan. However, to experiment with Wix and test out its online store … Continue reading →

It is calculated by dividing the total liabilities by the shareholder equity of the company. The debt-to-equity ratio, or D/E ratio, is a leverage ratio that measures how much debt a company is using by comparing its total liabilities to … Continue reading →

Get $30 off your tax filing job today and access an affordable, licensed Tax Professional. With a more secure, easy-to-use platform and an average Pro experience of 12 years, there’s no beating Taxfyle. Set your business up for success with … Continue reading →

In addition, be sure to read up on the IRS’s latest rules and regulations to supplement these best practices. ZipBooks has the ability to automate many tasks and provide real-time data which helps in better decision making. ZipBooks is also … Continue reading →

This purchase account can be a temporary account to hold all the inventory purchases for a given accounting period. Therefore, before any adjusting entries, the balance in the merchandise inventory account will reflect the amount of inventory at the beginning … Continue reading →

Continue on with the course, attend classes, and ask your questions in the comments below. To get your complete real estate investing ROI, you simply need to add up each return. Fortunately, you don’t need to do this manually as … Continue reading →

Proposed §?1.30D-6(c)(4)(ii)(C) further provided that, for purposes of determining whether an applicable critical mineral is FEOC-compliant, an applicable critical mineral is disregarded if it is fully consumed in the production of the constituent material or battery component and no longer … Continue reading →