Bookkeeping

However, leaving these checks unattended could be a serious mistake. Anyone can get their hands on these incomplete checks and fill out the rest of the details themselves to withdraw funds. If you need to prevent a check you’ve written…

The banking information necessary to start the direct deposit is the account and routing numbers. A voided check easily and conveniently gives access to your banking information. You do not need to sign the check or enter any other information…

Properly allocating these costs can reduce interest expense during the construction period, providing tax benefits and a more attractive asset valuation. Capitalizing in business is to record an expense on the balance sheet in a way that delays the full…

Properly allocating these costs can reduce interest expense during the construction period, providing tax benefits and a more attractive asset valuation. Capitalizing in business is to record an expense on the balance sheet in a way that delays the full…

The company would record the machinery as an asset and a lease liability of $900,000 on its balance sheet. Tax authorities often have specific rules regarding the treatment of leased assets. In some jurisdictions, using the Capitalized Lease Method may…

The company would record the machinery as an asset and a lease liability of $900,000 on its balance sheet. Tax authorities often have specific rules regarding the treatment of leased assets. In some jurisdictions, using the Capitalized Lease Method may…

Fiduciary accounting covers estate accounting, trust accounting, and receivership. This is the appointing of a custodian of a business’s assets during events such as bankruptcy. Public companies have to follow a set of rules set out by the government (this…

The van’s book value at the beginning of the second year is $15,000, Certified Public Accountant or the van’s cost ($25,000) subtracted from its first-year depreciation ($10,000). Now, multiply the van’s book value ($15,000) by 40% to get a $6,000…

It’s also good for both employers and employees to know that not all jobs require employment contracts, and many don’t involve them at all. However, human resources professionals are recommending employment contracts more and more as they protect both employers…

A formal employment agreement is not technically necessary from a legal standpoint. Most employees do not have written agreements, but it is always better to have one that sets out roles and responsibilities, payment and other important aspects of the…