Start by opening up a business checking account, followed by any savings accounts that will help you organize funds and plan for taxes. For instance, set up a savings account and squirrel away a percentage of each payment as your self-employed tax wi... Read more
An accrued expense is the expenses which is incurred by the company over one accounting period but not paid in the same accounting period. In the books of accounts it is recorded in a way that the expense account is debited and the accrued expense ac... Read more
In such cases, that rate of return should be selected as the discount rate for the NPV calculation. In this way, a direct comparison can be made between the profitability of the project and the desired rate of return. The rate used to discount future... Read more
Any purchases made or items consumed by your business subject to Use Tax. The sale of goods and services within a municipality authorized to levy a Special District Excise Tax for the benefit of economic opportunity development are subject to Special... Read more
With the information laid out in an amortization table, it’s easy to evaluate different loan options. You can compare lenders, choose between a 15- or 30-year loan, or decide whether to refinance an existing loan.The cost of business assets can... Read more
On the bank statement, debit memos commonly are listed first next to each transaction, then the credit memo and finally the running balance. If you want to take ownership over your financial situation, start by learning everything you can about your... Read more
Debit memos can be used to correct undercharging on an invoice or to levy ad hoc charges outside the context of a subscription. Just like an invoice, debit memo balances can be settled by applying either a payment or a credit memo. Within a firm, a d... Read more
Assets on a balance sheet are classified into current assets and non-current assets. The Balance Sheet is used for financial reporting and analysis as part of the suite of financial statements.The balance sheet details what a business owns , what it... Read more
The full-time salary of an accountant depends upon where you live, but did you know that their average wage, according to Payscale as of 2019, is $50,757? After you pay your employer taxes, you’re going to be closer to $56,000 a year, and that&... Read more
Notation Pad is our runner-up as you can easily write and share your original song creations, complete with lyrics and chords. FourChords is also great as it listens to you play and gives you feedback on how to improve, so you can quickly master your... Read more
