Category: Bookkeeping

The same loan with a 9% interest rate results in a monthly payment of $804.62. An adjustable-rate mortgage (ARM) is a type of loan where the interest rate may change over time. Unlike fixed-rate mortgages, which keep a constant interest rate throughout your mortgage term, ARMs have rates tied to a specific financial index. You should…

Some bonds are freely-callable, meaning they can be redeemed anytime. But if your bond has call protection, check the starting date in which the issuer can call the bond. Once that date passes, the bond is not only at risk of being called at any time, but its premium may start to decrease. Most likely…

This is a contra-liability account and is offset against the Notes Payable account on the balance sheet. It would be inappropriate to record this transaction by debiting the Equipment account and crediting Notes Payable for $18,735 (i.e., the total amount of the cash out-flows). The present value technique can be used to determine that this…

This way, you can quickly see financial snapshots of all your companies and lay the groundwork for business decisions that improve your bottom line. Unlike some other types of business technology, accounting software vendors rarely charge you for anything related to the implementation process. In fact, these platforms are among the easiest types of business…

Beyond Bookkeeping will even set up entire back-office systems and provide training to users to utilize them effectively. A to Z Bookkeeping Services provides small businesses in the San Francisco Bay Area with outsourced accounting services, including bookkeeping, payroll management, and consulting. With our hands-on approach, tailored service offerings, and quick turnaround times, you can…

According to the Companies Act, 2013 and the Income Tax Act, an organization has to prepare its income statements annually. However, in some cases, like the retirement of a partner between the accounting period, etc., the firm can prepare https://ctr-omsk.ru/sbalansirovannaya-sistema-pokazatelej interim financial statements. The cornerstone of accounting principles is the Generally Accepted Accounting Principles (GAAP).…

The next step is to decide which account will have the debit entry and which will have the credit entry. The upper-case letters have been used because the word itself is the AID – Asset Increase Debit. Business intelligence platforms like Tableau, Microsoft Power BI, and Google Data Studio allow you to visualize and analyze…

Accumulated Other Comprehensive Income (Loss), AOCIL, is a component of shareholders’ equity besides contributed capital and retained earnings. In this expanded accounting equation, CC, the Contributed Capital or paid-in capital, represents Share Capital. Retained Earnings is Beginning Retained Earnings accounting equation may be expressed as + Revenue – Expenses – Dividends – Stock Repurchases. The…