Category: Bookkeeping

Once that amount has been paid back, it is then available to be borrowed again. An example of revolving debt would be credit cards or lines of credit. Let’s say you have some savings built up and a car loan that is a few months shy of being paid off. But, if this is the… Continue reading What Is Credit Mix and How Does It Affect Your Credit Score?

Analysts may not be concerned due to Apple’s ability to churn through production, sell inventory, or secure short-term financing (with its $217 billion of non-current assets pledged as collateral, for instance). What is considered a good current ratio for a company will depend on the company’s industry and historical performance. If the current liabilities of… Continue reading Current Ratio Financial Accounting

Analyzing net income on a balance sheet offers a wealth of insights into a company’s financial health. This figure plays a pivotal role in computing profitability ratios, such as the net profit margin, which reflects how efficiently a company converts revenue into profit. The quality of earnings, discerning the regularity of income, is another essential… Continue reading How to Calculate Net Income Formula and Examples

Healthy Ledgers supports small to medium-size companies by taking on their time-consuming accounting tasks and providing visibility to their financial health so they can make confident, sound business decisions. Jennifer helped to clean up my QuickBooks online and each month she provided a very clear Profit and Loss statement and Balance sheet. She took time… Continue reading Small Business Bookeeping Services in Seattle Sound Bookkeepers

She has decided to give herself a salary of R50,000 out of her catering business. From there, she could do the math to determine what her paycheck should be given her current pay schedule. But if you want to qualify for employee benefits or build credibility, a salary may be better. When you’re taxed as… Continue reading Should I Take an Owner’s Draw or Salary in an S Corp?

You can create an unlimited number of invoices and estimates, track your expenses and manage up to 1,099 contractors. You can bring live bank feeds into your account and access a range of third-party integrations. Simple Starts includes all the features from the Self-employed Plan but adds a range of helpful additions covering everything from… Continue reading QuickBooks Online Pricing: Upfront & Hidden Costs Explained

As a result, the construction-work-in-progress account is an asset account that does not depreciate. Once the asset is fully executed, the construction in progress account will be credited, and the debit will be transferred to the property, plant, and equipment. Below, we’ll show you an example of what the recording may look like for a… Continue reading What is a Customer Identification Program CIP?

The effective yield is the return on a bond that has its coupon payments reinvested at the same rate by the bondholder. It is the total yield an investor receives, in contrast to the nominal yield—which is the coupon rate. Essentially, effective yield takes into account the power of compounding on investment returns, while nominal… Continue reading Bond Yield Formula + Calculator

Looking at the trial balance makes it easier to decide what the journal entries are. The figures include all the balances from both the balance sheet and the Profit and Loss account. The totals of debits and credits are the same, and therefore, it balances. An unadjusted trial balance is what you get when you… Continue reading What is a Trial Balance? Definition

The changes were designed “to address head-on the competitive realities of the current marketplace,” firm chair Brad Karp told The American Lawyer in March. Katz, Sapper & Miller is expanding into Ohio as it is set to add Cassady Schiller, one of the largest CPA firms in Cincinnati, on May 31. But even as UK… Continue reading CPAs and Business Advisors