Bookkeeping

She hasn’t been in business long enough to get trade credit, so she takes out a short-term loan with the bank. Similarly, the expense will reach the total of the prepaid amount at the end of that same period. Prepaid expenses are also considered a current asset because they can be easily liquidated—the value can […]

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Content Bad Debt How do you adjust the DCF valuation for non-operating assets and liabilities? Transfer Price 8.3.4 Cash flow return on investment (CFROI) Working capital management is a financial strategy that involves optimizing the use of working capital to meet day-to-day operating expenses while helping ensure the company invests its resources in productive ways.

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The price and subscription frequency of QuickBooks Desktop and QuickBooks Online differ depending on the specific product — and, subsequently, the version — you choose. Should you let a third-party company source raw materials for your products with contract manufacturing? Or should you supply them yourself and pay a toll for the manufacturing services? You

We stay current on tax law so we’re always ready for the toughest situations. Maddy joined us with 10 years experience in the corporate world, and a passion for business. Originally from St. Louis, she has a degree in Finance, and a minor in Economics from the University of Missouri-Columbia. In her down time she

Content Corporate and Pass-through Business Income and Returns Since 1980 Corporate Income Tax (1120ME) How to File and Pay Which entities do not fall under the scope of the rules? General Filing Requirements Headline rates for WWTS territories The debate raged for years; in 1986, Representative Willem Vermeend estimated that the country’s tax service missed

A standard journal entry includes, date of the business transaction, the name of the accounts affected, amounts to be debited or credited, and a brief description of the event. Double-entry accounting is an accounting system that requires recording business transactions or events in at least two accounts. It is the same concept of accounting, where