Category: Bookkeeping

  • How to Know if You Have Long or Short Arms

    This is also where the cue “pretend the arms are hooks” comes into play. The rationale behind creating long arms is to optimize leverages and limit the total range of motion that the weight needs to be lifted without losing technical proficiency. There isn’t an exact answer to how much you can grow your biceps…

  • How to Calculate Common Stock on Balance Sheet?

    These rights may vary depending on the jurisdiction and the company’s articles of incorporation. For example, some companies have multiple classes of stock, which may come with different voting https://intuit-payroll.org/ rights. Common stock is an extremely meaningful component of a company’s capital structure. By issuing shares, companies can raise the funds they need to finance…

  • Comprehensive Income vs Other Comprehensive Income: What’s the difference?

    A comprehensive income statement needs income statement information in order to be created. It will have a different total at the bottom because this statement will take into account the company’s investments and their current values. Similarly, it highlights both the present and accrued expenses – expenses that the company is yet to pay. But…

  • Rent expense definition

    This rate is generally shown in the literature you receive from your lender. If you don’t have this information, consult your lender or tax advisor. In general, the YTM is the discount rate that, when used in computing the present value of all principal and interest payments, produces an amount equal to the principal amount…

  • Pro Forma Financial Statements

    Therefore, it prepares a projected balance sheet, income statement, and statement of cash flows for each of the three financing options. These projected financial statements are referred to as pro forma financial statements. In a sense, pro forma financial statements allow management to A/B test different strategies without any real-world impact. One of the most important…

  • Free Accounting Software for Small Businesses

    Electronic invoices are created with online invoicing software or other cloud-based services, which makes it easy to automate the invoicing process. Electronic invoices also provide small business owners with professional-looking digital invoices that their customers can pay easily online through a system like Wave’s online payments. Your customers can pay the invoices you send them…

  • Bad Debt Expense Definition, Reporting Methods

    However, businesses that allow credit are faced with the risk that their receivables may not be collected. Let’s say a company has $70,000 of accounts receivable less than 30 days outstanding and $30,000 of accounts receivable more than 30 days outstanding. Based on previous experience, 1% of AR less than 30 days old will not…

  • Salon Accountant, Taxes, Salon CFO, Salon Bookkeeper

    It is important to track each revenue line item separately to be able to accurately measure their performance individually. One key benefit of accurate accounting is that it allows you to identify areas where you can cut costs or increase revenue. Unfortunately, some salon owners fail to save enough money to pay taxes and start…

  • Financial Outsourcing Experts

    He participated in the development of over 1,000 units of sustainable, hazard-resilient affordable housing and over 50,000 square feet of commercial space aimed at restoring needed community resources to the greater New Orleans area. A professional speaker, in 1992 he co-founded Channel ZerO, an educational and motivational consulting company and has presented to numerous civic,…

  • Pro Forma Financial Statements: What to Know Plus Examples

    This projects how cash is expected to flow in and out of the business over a future period. Estimating and projecting the balance sheet is also a common practice because investors and creditors want to use the balance sheet to analyze debt ratios, liquidity levels, and overall leverage of the company. The best way to…