Kategorija: Bookkeeping

Ullmark became an afterthought amid the rise of Jeremy Swayman, the Bruins’ top postseason performer. Becoming the No. 1 goalie for another team would give Ullmark an opportunity to earn either an extension or a new contract elsewhere as an unrestricted free agent in 2025. Gen Z is set to...

It acts as a litmus test, highlighting the company's ability to cover its operating costs and turn a profit. A higher gross margin ratio indicates that a company will be able to pay its operating expenses and will probably have profit left over. For example, service businesses often have much...

The total of the receipts and remaining cash should equal the initial amount of petty cash funding at all times. However, recordation errors and theft may result in a variance from the initial funding amount. To set up a petty cash fund, the cashier creates a check in the amount...

Companies that don’t meet those criteria now but anticipate growth in the future may want to consider such a system as well. Thus we are left with a sales figure of $1,500 that can be matched against an expense – cost of goods sold – of $1,000, to give us...

After checking all the critical items, adjust the cash balances to account for all expenses and transactions. Next, prepare the business records, which can be maintained on a software tool or manually on a spreadsheet. Compare the balance sheet’s ending balance with the bank statement’s ending balance. The bank balance...

If you claim at age 70, vs. at FRA, you get an 8% bonus for each year that you delayed claiming. The maximum benefit is not to be confused with the maximum family benefit. That’s the most a family can collectively receive from Social Security (including retirement, spousal, children’s, disability...

Company management also use this theory when investing in projects, expansions, or purchasing new equipment. By using the net present value formula, management can estimate whether a potential project is worth pursuing and whether the company will make money on the deal. The most common values of both n and...

Under accelerated depreciation methods, like the SYD method, the percentage of the total depreciation expense is weighted more toward the start of the fixed asset’s useful life. Under the sum of the years’ digits method, the depreciation rate is higher in the earlier periods of the fixed asset’s economic useful...

They are rather written down under the shareholder equity section of the company and hence affect the balance sheet. Dividends are a form of return to the investors for their investment in the company. If a dividend is in the form of more company stock, it may result in the...

And even if you’re not looking for funding, consider asking an accountant to review your financial statements at least once a year. Some bookkeepers focus solely on “write up” work, which basically consists of compiling the books quickly, usually for tax preparation purposes. Other bookkeepers provide “full-charge” services and can...