Bookkeeping

It can be calculated if we can determine the depreciation rate and the useful life. For tax purposes, the depreciation is calculated in the US by assuming the scrap value as zero. If the asset is [...]

We’ll break down the different types of financial leverage, when you might use the strategy and how to calculate it. Leverage varies by industry, as certain types of companies rely on debt more [...]

Geofencing ensures employees are where they need to be when clocking in on their mobile devices. Or, employers can turn a tablet into a time clock for on-premises attendance and time-tracking. [...]

At the same time, the more mature a company becomes and the more assets it has, the more paperwork that’s required to incorporate it. In either case, expect the cost of incorporating to be [...]

It provides an opportunity to record their cash position and forecast their cash flow with a higher degree of accuracy. The important thing is to establish internal processes for account [...]

QuantumBlack, McKinsey’s AI arm, helps companies transform using the power of technology, technical expertise, and industry experts. With thousands of practitioners at QuantumBlack (data [...]

Creditors view a higher debt to equity ratio as risky because it shows that the investors haven’t funded the operations as much as creditors have. In other words, investors don’t have [...]

Xero lets you add unlimited users in all plan tiers and, similar to QuickBooks Online, can grow alongside your business. Zoho Books offers a robust free plan, along with a [...]

Under ASC 842 a lease that ends due to the lessee purchasing the underlying asset from the lessor does not constitute a lease termination. There are no laws that allow a tenant to break a lease [...]

It creates a debit for where the money is going, and a credit for where it is ending up. This period of time is often referred to as the accounting period. An accounting period is the time period [...]