LLC vs S Corp: What’s the Difference?

The S corporation shareholders report the flow-through of income and losses on their personal tax returns. In an S corp, an owner is required to become an employee (for tax purposes) and receives a reasonable salary for the position and title held within the company. Having what is an s-corporation (s-corp)? a salary allows business […]

How to Close an Expense Account Chron com

Closing Entry makes it look like a simple process but contains many different tasks in which one slip-up would change the entire results. The Statement of Cash Flow shows Cash’s business transaction, whether its inflow or outflow. Dividends are paid by Cash, so the transaction balance of paid tips would be demonstrated under Financial Activities. How […]

Brown Plus Named a Top Regional Firm in the Mid-Atlantic on Accounting Today’s list of the Top 100 Firms and Regional Leaders in 2024

In this age of cloud accounting and virtual bookkeeping services, they should be able to have reports sent to you on a schedule. At Fundera, Randa specializes in reviewing small business products, software, and services. Randa has written hundreds of reviews across a wide swath of business topics including ecommerce, merchant services, accounting, credit cards, […]

Net Book Value NBV Formula + Calculator

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Net book value is the historical cost of an asset, less any amounts recorded for depreciation, amortization, or depletion. This accumulated depletion […]

How To Calculate Cost of Goods Available for Sale Feb, 2024 Medium

To ensure accurate results, keeping detailed records and regularly monitoring your inventory levels is paramount. As you’ve learned, the perpetual inventory system is updated continuously to reflect the current status of inventory on an ongoing basis. Modern sales activity commonly uses electronic identifiers—such as bar codes and RFID technology—to account for inventory as it is […]

Accounts Receivable Turnover Ratio: Formula & Examples

Net credit sales also incorporates sales discounts or returns from customers and is calculated as gross credit sales less these residual reductions. If you’re looking to improve your accounts receivable turnover ratio, HighRadius’ Autonomous Receivables suite of solutions can help. This suite of solutions automates all aspects of your accounts receivables process, from invoice delivery […]

Coupon Rate Calculator: Your Ultimate Tool for Accurate Calculations

The bond issuer decides on the coupon rate based on the market interest rates, which change over time, causing the value of the bond to increase or decrease. Therefore, bonds with higher coupon rates can provide some safety against rising market interest rates. When investors buy a bond initially at face value and then hold […]

Present Value of an Annuity: How To Calculate & Examples

As in the PV equation, note that this FV equation assumes that the payment and interest rate do not change for the duration of the annuity payments. Note that this equation assumes that the payment and interest rate do not change for the duration of the annuity payments. The calculation factors in the amount of […]

How to Determine Fixed Asset’s Salvage Value

This amount is carried on a company’s financial statement under noncurrent assets. On the other hand, salvage value is an appraised estimate used to factor how much depreciation to calculate. If your client’s businesses have any fixed assets, determining the salvage value of those assets is important later when calculating depreciation. Everything to Run Your […]

Bookkeeping services pricing guide: How to nail your pricing Karbon resources

It’s clear that however you slice the data, both indexes have their merits. And after three months of hotter-than-expected CPI info, investors will keep a close eye on this week’s PCE release. The Fed has used PCE inflation https://dp-shades.ru/texts/a_touch_away.html as its main measure of price pressures in the US economy since 2000. Former St. Louis […]