Archivos de Categoría: Bookkeeping

Bookkeeping vs Accounting: What’s the Difference and Which One Does Your Business Need?

Bookkeepers play the role of the data collectors, meticulously noting down every financial piece of information. Accounting procedures are a little different in the way they handle financial data. Ultimately, accounting gives stakeholders a better understanding and broader perspective of the raw data meticulously recorded by bookkeeping, transforming numbers into actionable business strategies. Bookkeepers play […]

The accounting equation Student Accountant Students

Shaun Conrad is a Certified Public Accountant and CPA exam expert with a passion for teaching. After almost a decade of experience in public accounting, he created MyAccountingCourse.com to help people learn accounting & finance, pass the CPA exam, and start their career. The working capital formula is Current Assets – Current Liabilities. Double-entry bookkeeping […]

Security issue could impact ADP customers United States Global law firm

«These technologies help businesses understand not only where data resides, but also the type, sensitivity and amount that needs to be protected,» he said. «Scanning and remediation technology also can help impacted businesses in similar situations to UKG https://adprun.net/ strategically remediate vulnerabilities and protect consumers and their privacy so that future scenarios like this one […]

F&A Rates Fringe Rates NIH SBIR Indirect Costs

If you know of one of these broad issues, report it to them at IRS.gov/SAMS. Go to IRS.gov/Notices to find additional information about responding to an IRS notice or letter. The IRS uses the latest encryption technology to ensure that the electronic payments you make online, by phone, or from a mobile device using the […]

Stock Par Value Calculation Value of Common Stock Calculator

Typically, the mandated amount of par value is quite small, such as a penny per share, so the difference between the two concepts is essentially immaterial. Let’s assume that a share of common stock has a par value of $0.01 and is sold to an investor for $25. The corporation issuing the stock will debit […]

Exercise 3 Exercice 3 Exercise 3 1 Calculating Salvage Value. Consider an asset that costs

For examples of scrap value that is meant to be the disposal, residual, or salvage value of a plant asset, see our major topic Depreciation. The owner of a truck is told that the truck needs a new engine, which will cost $2,500. The owner can instead elect to sell the truck to a junkyard, […]

The account title used for recording the payment of rent in advance for an office building is: A Rent Revenue B. Rent Payable C. Rent Expense D. Prepaid Rent

For example, if your rent is $1,000 per month and the tenant moves in on the fifteenth day of a month with 31 days, they would only owe $548.42 for that month. In this blog post, we’ll explain how to ensure you’re correctly accounting for the first and last month’s rent. We’ll also provide tips […]

What is the accrual method?

You should consult your accountant when deciding on an accounting method. Accrual accounting also allows corporations to do more accurate long-range planning. It shows money slated to come in, which is helpful for organizations that issue credit up front and then bill customers. Additionally, it tracks upcoming costs, so companies can predict where and when […]

Virtual Bookkeeping: How to Hire the Best Bookkeeper Online

You’ll officially create a corporation, LLC or other business entity by filing forms with your state’s business agency―usually the Secretary of State. As part of this process, you’ll need to choose a registered virtual accountant agent to accept legal documents on behalf of your business. The state will send you a certificate that you can […]