Depreciation is a process by which organizations account for the deterioration of a fixed asset’s value over time. Amortization refers to the spreading of the costs of long-term intangible assets over their useful lives. Both of these methods are used to match the expense with the revenue generated from using the asset. It is important […]

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CPAs and accountants tend to focus on particular niches or specialties, such as small-business owners, high-net-worth individuals, or clients who work in certain industries. As a result, Henn recommends asking people who have similar needs. “For example, if you’re a doctor, talk to other doctors and ask who they use,” he said. If someone holds […]

It also outlines the reporting, filing, and notification requirements related to a nonprofit’s activities. In addition, this code discusses the circumstances in which a nonprofit organization will be liable for taxes, penalties, and other charges. A cloud accounting software that allows you to access your data on any device. They offer unlimited invoices, income and […]

However, you should consider a few unique factors when budgeting for a nonprofit. She also put personal expenses on the nonprofit’s credit card and issued checks to herself. Features include volunteer application forms, training tracking, email communication, scheduling and reporting. Reliable text software capable of sending a variety of different campaigns including quizzes, surveys, coupons, […]

We have a growing range of accounting tutorials on the site; please let us know what you think. Prepaid expenses are payments made in advance for goods or services that will be received or used in the future. This is the more common payment arrangement, where tenants deliver their rent at the end of each […]

The difference between the purchase price and par value is the investor’s interest earned on the bond. To calculate the value of a zero-coupon bond, we only need to find the present value of the face value. Carrying over from the example above, the value of a zero-coupon bond with a face value of $1,000, […]

Understanding a bond’s yield is important to valuation as the return we expect from our investments centers around those yields or returns. For example, the risk of defaulting on a company’s bond, such as JC Penney’s, is far greater than Microsoft. And for that reason, the yield or coupon of JC Penney’s is far higher […]

However, more formal collection procedures might be necessary for older, larger debts. By tailoring your collection efforts based on the age and status of the account, you can recover outstanding payments efficiently while maintaining professionalism throughout the process. Unfortunately, manual processes traditionally employed by law firms often struggle to address the unique challenges of legal […]

This compensation may impact how and where products appear on this site. We are not a comparison-tool and these offers do not represent all available deposit, investment, loan or credit products. But because FCF accounts for the cash spent on new equipment in the current year, the company will report $200,000 FCF ($1,000,000 https://www.bookstime.com/statement-of-retained-earnings EBITDA […]