Cash Or Accrual?

You’ll need to do this if you want to claim tax deductions at the end of the year And you’ll need one central place to add up all your income and expenses (you’ll need this info to file your taxes) Can an LLC use cash basis...

Retained Earnings Calculator

Any factors that affect net income to increase or decrease will also ultimately affect retained earnings On a sole proprietorship’s balance sheet and accounting equation, Owner’s Equity on one of three main components Owner’s Equity is the...

Accounts Receivable Turnover: Formula, Definition, Examples

Interpreting the Ratio First of all, what would be the days in AR with an arrangement that factors or finances claims to Medicare and commercial payors Claims are usually dropped a few days after the patient is discharged, and then there is the...

What Exactly Is Prepaid Bills in Accounting?

What Exactly Is Prepaid Bills in Accounting Prepaid costs in accounting are currently popular compared to bills Business people want to create a listing of costs that are required for day-to-day operations of these enterprise That really is only...

How Do Fixed Costs and Variable Costs Affect Gross Profit?

How Do I Calculate the Degree of Operating Leverage Assuming the company employs 10 laborers, and the minimum wage in the state of operation is $8, the company has a fixed cost of $80 per hour in the form of salaries If it takes six hours for a...

Which Are Retained Earnings

Which Are Retained EarningsWhich exactly are retained earnings This can be really a really good problem, which many folks ask once they're taking care of a financial institution and do not want to cut bookkeeping their own spending down You ought...

How humans invented this thing called accounting

How humans invented this thing called accounting Not only does accounting help you grow your company, it helps prevent damaging events like fiscal audits To improve their status and combat criticism of low standards, local professional bodies in...

What are the types of bookkeeping?

What are the types of bookkeeping QuickBooks Training class Fort Lauderdale The Retained Earnings account tracks any company profits that are reinvested in the business and are not paid out to the owners Retained earnings are cumulative, which...