Obviously, the profits of a business with a high degree of both kinds of leverage vary more, everything else remaining the same, than do those of businesses with less operating and financial leverage. Therefore, in deciding what is the optimum level... Read more
Putting all this double-entry bookkeeping data together will form a trial balance and the financial statements. Credits add money to accounts, while debits withdraw money from accounts.You should always remember that each side of the equation must ba... Read more
The stockholders' equity subtotal is located in the bottom half of the balance sheet. Preferred stockholders may also have a defined dividend amount, while corporate management gets to decide if and how much to pay out in dividends for common stockho... Read more
We were able to successfully export information from our legacy software which was key for uploading to Acumatica and we dedicated a staff member to recreating AP in 2020. Bill and Jim were extremely helpful keeping us on target and requesting any mi... Read more
While month-to-month rental agreements tend to cost a little more in the short term, the ability to end the agreement and relocate to a more suitable space saves money and liability in the long run. In a fluctuating market, a wiser decision might be... Read more
Most online payroll services offer an intuitive interface that makes payroll setup easy for users. The same goes for QuickBooks in which its setup wizard guides you through the whole process. QuickBooks Payroll integrates with SimplyInsured for healt... Read more
Look through each of your business’ monthly expenses and make sure you aren’t overpaying for them. But average SG&A sales ratios vary wildly based on industry. For example, manufacturers range anywhere from 10% to 25% of sales, while in h... Read more
Double-entry bookkeeping is an accounting system in which all financial transactions are recorded in two types of accounts, debits and credits. When you post a transaction, the number of debits and credits used can be different, but the total dollar... Read more
Cohen & Company is not rendering legal, accounting or other professional advice. Information contained in this post is considered accurate as of the date of publishing. Any action taken based on information in this blog should be taken only after a d... Read more
For example, a utility company may have the right to run a gas line through a person's property, or pedestrians might have the right to use a footpath passing through that property. Other encumbrances, such aszoning lawsand environmental regulations,... Read more
