Category: Bookkeeping

Allowance for doubtful accounts & bad debt expenses: Calculation

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It represents management’s best estimate of the amount of accounts receivable that will not be paid by customers. When the allowance is subtracted from accounts receivable, the remainder is...

The Relationship Between Working Capital and Company Valuation: A Detailed Analysis

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The Website reserves the right to discontinue or suspend, temporarily or permanently, the facilities. You agree that the Facilities Provider/ ABC Companies will not be liable to you in...

What Are Investing Activities? How to Report Investment Activities on the Cash Flow Statement

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Some specialize in a type of real estate, but others, such as the Vanguard REIT ETF (VNQ), provide diversified exposure to industrial, office, retail, healthcare, public storage, and residential...

What is Cost Center in Accounting: Example, Types, and Benefits

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Identifying these cost centers allows healthcare organizations to allocate resources efficiently while maintaining high standards of care. If your employees are unhappy, they’re not going to do their best...

Lump sum and annuity payouts

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A lump sum payment gives you immediate access to your winnings, but it comes with higher upfront taxes. An annuity spreads payments over years, potentially lowering your tax burden....

Balance Sheets 101: Understanding Assets, Liabilities and Equity

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The difference between the $400 income and $250 cost of sales represents a profit of $150. The inventory (asset) will decrease by $250 and a cost of sale (expense)...

What is a Cash Disbursements Journal? Definition Meaning Example

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The cash disbursement journal, sometimes referred to as the cash payments journal, is a special journal used to record the payment of cash by a business. The journal is...

Unearned Revenue: Pengertian, Contoh, Dan Cara Mencatatnya

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Unearned revenue is recorded at the time of payment and then adjusted over time. For long-term contracts, businesses recognize portions of revenue periodically, ensuring that financial statements reflect actual...

Nonprofit CPAs & Accounting Firm James Moore

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And while we discussed state income tax in a previous article, you should also remember local income taxes. These are sometimes assessed in large urban areas (think New York...

Quickbooks Online Vs Desktop

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Its highest-tiered plan is the Advanced option, which costs $100 per month for the first three months, then $200 per month after that. Preferential rates offered to new QuickBooks...