In addition to the benefits afforded by cash basis accounting, flat rate expenses also allow businesses to simplify the process of calculating the amount they...

When an accountant prepares a financial statement or reviews a company’s existing financial accounts, they may check for accuracy, regulatory compliance, areas of excess spending,...

Your basis in your home is what you paid for it, plus closing costs and non-decorative investments you made in the property, like a new...

Before issuing paychecks, accounting departments are able to factor in employee circumstances such as paid and unpaid time off, tips, commissions and overtime. Having the...

Visit QuickBooks Online now and get 50% off for three months plus a free guided setup. Depletion and amortization are similar concepts for natural resources...

If the maker dishonors the note, the company discounting the note pays to the financial institutions. The accounts receivable is just as valid a claim...

Before joining the team, she was a Content Producer at Fit Small Business where she served as an editor and strategist covering small business marketing...

Sales growth often comes with increased accounts receivable, both from new customers and from extending more credit to increase business with existing customers. However, if...