Content What Is the Journal Entry if a Company Pays Dividends With Cash? 🤔 Understanding statements of retained earnings Is the normal account balance for the Retained Earnings account a debit or a credit? Explain. How to prepare a statement of retained earnings Retained Earnings vs. Net Income Manage Debits and Credits With Accounting Software […]
Content Factors that influence invoice costs How Does Invoice Factoring Work? Step 1: Invoices Are Issued to Clients What are the Advantages of Invoice Factoring? The 9 Best ERC Companies For Getting Your ERC Tax Credit What is an equipment loan and how does it work? But this compensation does not influence the information we […]
Content Music Business Accounting Versus General Accounting Music industry trends and predictions for 2023 How to Start a Record Label With No Money- Tips! Arts and Entertainment Accountant Why Even Major Label Musicians Rarely Make Money from Album Sales How Has COVID-19 Impacted the Music Industry? He made these mistakes because he immersed himself in […]
Content What does an executive assistant do? What is an Enrolled Agent (EA)? Is an EA accountant higher than a CPA? Expense reports Find a Job! So, if you know of some issues on your record that may raise a red flag, be proactive and share that information with the IRS. You can do this […]
Content How Salvage Value Is Used in Depreciation Calculations How to Calculate Salvage Value Example of Asset Salvage Value Do market research to determine salvage value How to Determine the Depreciation Rate For tax purposes, businesses are generally required to use the MACRS depreciation method. It’s an accelerated method for calculating depreciation because it allows […]
Content Is a higher gross profit margin better? Gross Profit Margin Calculator How to ace sales networking: Tips and strategies to build your network Profit Margin Example What is the gross margin ratio? Gross margin, which may also be called gross profit margin, looks at a company’s gross profit compared to its revenue or sales […]
Additionally, a SIP calculator can help you compare different investment options and determine which ones may be the most beneficial for your financial goals. Whether you are investing for retirement, saving for a down payment on a house, or simply looking to grow your wealth, a SIP calculator can be a valuable tool in your […]
Content Preference shares Balance sheets Trends That Will Catapult AP Into a Fully Autonomous Future Current liabilities Liabilities – Balance Sheet Definition After reading this guide, you should have a decent grasp of what assets and liabilities are and how they affect your business. In today’s blog post, we will dive deep into what a […]
Content Our Products Does Issuing Common Stock for the Purchase of a Company Affect Retained Earnings? Contra Entry Examples Contra Account Definition, Types, and Example Accounts Plus and Accounts Professional only Contra assets are accounts in the general ledger—where you enter your transactions—that carry a balance used to offset the account with which it is […]
Content What Is Meant by Common Size Balance Sheet? Comparison Over Time Balance Sheet Analysis Limitations of the Percentage of Sales Forecasting Method What Are the Ways Accounting Data Is Used to Make Business Decisions? With the help of a Comparative Common-size Balance Sheet of different periods, one can highlight the trends in different items. […]