Short-term loans payable could appear as notes payable or short-term debt. Goodwill is an intangible asset that is recorded when a company buys another ...

This division of responsibility reduces the risk of any single person manipulating the system. Regularly comparing your refund records with bank statements and ...

Thus for September 2019, the variable cost per unit of the company comes to $162. Below, we discuss what variable costs are, why they’re important, and how ...

While the imprest system offers significant advantages, it’s not without challenges. Understanding these potential issues and their solutions helps ensure ...

Localities can add as much as 5.25%, and the average combined rate is 8.89%, according to the Tax Foundation. If a taxpayer cannot pay the full amount due by ...

The ValuAnalytics platform analyzes companies using ratios calculated in this fashion (and we typically appraise businesses this way). However, we have found ...

In the United States, an EA is a tax advisor who is a federally authorized tax practitioner empowered by the Department of Treasury. For tax concerns, such ...

The Internal Rate of Return (IRR) identifies the discount rate at which a project’s NPV equals zero. Essentially, IRR represents the expected annualized rate ...

Waiting until crunch time to prepare documents and fix bookkeeping errors can be too late if the records are kept with many mistakes. Below are some of the ...

Under the straight-line method, the 10-year life means the asset’s annual depreciation will be 10% of the asset’s cost. Under the double ...

Bookkeeping relies on the accurate, reliable and timely recording of financial transactions. The best results happen when a business implements a bookkeeping ...

These criminals can use stolen data to steal accounts, money, credit card information or even commit identity theft. If cybercriminals intercept your data, ...