Adjusting journal entries: what are they & what are they for?
Data da publicação: 20 de dezembro de 2023. Categoria: Bookkeeping
The $13,420 of Wages Expense is the total of the wages used by the company through December 31. The Wages Payable amount will be carried forward to the next accounting year. The Wages Expense amount will be zeroed out so that the next accounting year begins with a $0 balance. The balance in the liability […]
Straight-Line vs Accelerated Depreciation
Data da publicação: 7 de dezembro de 2023. Categoria: Bookkeeping
This is true for amortization and writing off any other asset such as impaired assets and/or obsolete inventory. To see this side by side, we get the following table using the same assumptions as before but with the added maintenance expenses. Discover how Accelerated Return Notes can boost investments with detailed insights and strategies in […]
Some examples of fixed or tangible assets that are commonly depreciated include buildings, equipment, office furniture, vehicles, and machinery. The cost of business assets can be expensed each year over the life of the asset to accurately reflect its use. The expense amounts can then be used as a tax deduction, reducing the tax liability of the […]
How to Differentiate Between Operating, Investing, and Financing Activities
Data da publicação: 18 de setembro de 2023. Categoria: Bookkeeping
Understanding both categories helps analysts gauge a company’s overall financial strategy and operational efficiency. For financial pros, knowing cash flow from https://ecs-tools.com/Minerals/ investments reveals a company’s strategy and health. It shows if cash flow changes are due to strategic investments for future growth. What are investing activities in a cash flow statement? Cash flow from […]
The ultimate guide to creating a successful startup operation plan
Data da publicação: 20 de março de 2023. Categoria: Bookkeeping
Your current machine supplier may be very eager to keep customers and may offer to take your old equipment as a trade-in, which lowers the purchasing price of new equipment. Or your current supplier may be able to offer better terms than competitors or provide supplies as a reward for loyalty. All of these choices […]
