The amount of the commitment is the number of payrolls multiplied by the employee's periodic earnings with an adjustment for partial pay periods at the end of the commitment period. Accounting for budgeted versus actual events offers a useful measure... Read more
In an equilibrium state, markets creating negative externalities of production will overproduce that good. As a result, the socially optimal production level would be lower than that observed. Relying on one strategy may only work if you have the mar... Read more
It also comes with a handy “Notes on Preparation” box that gives you a step-by-step tutorial on working with this template specifically. When you hover over the column items, it also gives you more instructions for filling it out. Alan Mehdiani is a... Read more
The format of the balance sheet is not mandated by accounting standards, but rather by customary usage. The two most common formats are the vertical balance sheet and the horizontal balance sheet .For small privately-held businesses, the balance shee... Read more
The IRS allows businesses to use the straight-line method to write off certain business expenses under the Modified Accelerated Cost Recovery System . When it comes to calculating depreciation with the straight-line method, you must refer to the IRS’... Read more
There are a few different ways you could structure a bookkeeping business. However, even if you already have bookkeeping skills, you can benefit from a course that can teach you how to start your own business and find clients. As she got the hang of... Read more
Many smaller businesses begin with bookkeeping services, and then add other accounting services as they grow. Although the terms are sometimes used interchangeably because bookkeepers and accountants share common goals, they actually refer to two dif... Read more
Payments to insurance companies or contractors are common prepaid expenses that count towards current assets. The ratio of current assets to current liabilities is called the current ratio and is used to determine a company’s ability to fulfill short... Read more
Private loans usually have higher interest rates, and federal loans are issued at subsidized rates. Amortization also applies to asset balances, such as discount on notes receivable, deferred charges, and some intangible assets. Capitalization is an... Read more
Most of the key manufacturers from different industries have shifted their manufacturing plants in APAC due to the low labor cost and availability of a skilled workforce. These manufacturing units are using asset management solutions for the improvem... Read more
