Рубрика: Bookkeeping

Some assets are tangible like cash while others are theoretical or intangible like goodwill or copyrights. Current assets and liabilities can be converted into cash within one year. We use owner’s equity in a sole proprietorship, a business with only one owner, and they are legally liable for anything on a personal level. While dividends DO reduce…

The gross receipts from multiple businesses must be aggregated where they meet a “controlled group†ownership test or an affiliated service group test. A controlled group generally exists when there is greater than 50 percent common control (based upon identical ownership of five or fewer individuals, estates, or trusts) among each business. Keep this in…

A turnover ratio of 4 indicates that your business collects average receivables four times per year or once per quarter. If your credit policy requires payment within 30 days, you might want your ratio to be closer to 12. Yes, accounts receivable turnover can be used as one of the metrics to assess a company’s…

This continues recognizing the annual portion of the grant over the 5 year useful life of the asset. We’re a headhunter agency that connects US businesses with elite LATAM professionals who integrate seamlessly as remote team members — aligned to US time zones, cutting overhead by 70%. IFRS Sustainability Real-world examples demonstrate proper accounting treatment…

Tax may also be withheld from certain other income — including pensions, bonuses, commissions, and gambling winnings. Learn how to calculate and analyze after-tax operating income, understand key components, and explore strategies to optimize financial outcomes. When you think of how much money you make in a year, you probably think of your salary before…