por editorgeneral | Sep 12, 2022 | Bookkeeping
Cash-basis accounting is the simplest accounting method and does not require extensive accounting knowledge. Unlike accrual accounting, the cash-basis method only uses cash accounts, such as equity, income, expense, and (of course) cash. With accrual accounting, use...
por editorgeneral | Ago 25, 2022 | Bookkeeping
Thus, you can calculate the total variable cost of your business operations. This is one by multiplying the quantity of output with variable cost-per-unit of output. Your business has to pay fixed costs irrespective of any specific business activity. Both fixed and...
por editorgeneral | Ene 17, 2022 | Bookkeeping
Inventory and PP&E are both considered tangible assets, meaning that they can be physically “touched”. For example, a company that purchases a printer for $1,000 using cash would report capital expenditures of $1,000 on its cash flow statement. For example, a...
por editorgeneral | Ago 19, 2021 | Bookkeeping
The balance is now $0 in the deferred revenue account until next year’s prepayment is made. Deferred revenue is common with subscription-based products or services that require prepayments. Examples of unearned revenue are rent payments received in advance,...
por editorgeneral | Jul 20, 2021 | Bookkeeping
If you received a Section 3121(q) Notice and Demand for tax due on unreported tips (Letter 3263 or Letter 4520) during the quarter, you report the amount for the employer share of social security tax and Medicare tax on what is irs form 941, line 5f. Letter 3263 or...
por editorgeneral | May 26, 2021 | Bookkeeping
Once they finish, they can easily raise an invoice from their dashboard. As it’s a networking site, the more profiles you follow, the more posts will appear on your feed. Whether you are a freelance graphic designer, web designer, or animator, Behance provides a place...