/ May 15, 2023
How to Choose the Best CPA Firm for your Startup or Business

In addition, if you’re considering going public, it’s a smart move to have your accounting in order before you file your registration statements. These number gurus are considered one of the most essential professionals to small business owners. While...

/ February 17, 2023
Double Declining Balance: A Simple Depreciation Guide

This influences which products we write about and where and how the product appears on a page. This may influence which products we review and write about (and where those products appear on the site), but it in no...

/ February 13, 2023
Attention Required! Cloudflare

AP can include services, raw materials, office supplies, or any other categories of products and services where no promissory note is issued. Since most companies do not pay for goods and services as they are acquired, AP is equivalent to a stack...

/ December 23, 2022
What is the double declining balance method of depreciation?

This is because an asset might be in good physical condition after a few years but it may not be used for production purposes. So, as an asset moves towards the end of its useful life, the benefit gained...

/ June 16, 2022
Notes Receivable Calculations and Journal Entries

If a company is selling to its customer and issuing a Note Receivable rather than an Accounts Receivable, a Revenue account would be credited to record the revenue. Tim’s Tool Co. wants to expand into new territory, but it...

/ June 3, 2022
Accounting Basics for the Pharmacy Manager

Paying in advance is another way to cut costs while ensuring you’re efficiently keeping track of invoices. Small business expense tracking is a lot less painful than doing it manually if you have the right tool. Accounting software helps...

/ May 26, 2022
Debits VS Credits: A Simple, Visual Guide

Credit and debit cards regularly have an equal 16-digit card number, expiration date, and IN (private identity number) code. Debit cards permit financial institution clients to spend their cash with finances already inside the financial institution, including checking accounts....

/ February 21, 2022
Bookkeeping for Beginners: 6 Basic Concepts to Get You Started

The Foreign Earned Income Exclusion (FEIE) allows eligible individuals to exclude a portion of their foreign earned income from U.S. taxation. This exclusion can significantly reduce or eliminate the U.S. tax liability on foreign income. However, the specific amount...

/ February 11, 2022
How to Calculate the Dividend Payout Ratio From an Income Statement

We are committed to making financial products more inclusive by creating a modern investment portfolio. By contrast, a venerable, established company that barely returns anything to shareholders could try investors’ patience. And a high payout generally means that share...

/ April 23, 2021
What is the best way to do bookkeeping for Amazon Seller?

You should also consider the “materiality” of your sales tax, or whether it is worth collecting based on how much you are selling. There are times when the cost of collecting and remitting tax exceeds that generated by the...

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