Bookkeeping

The company estimates that the equipment has a useful life of 5 years with zero salvage value. The company’s policy in fixed asset management is to depreciate the equipment using the [...]

Content Important Features to Look For in Accounting Software For Architects: Invoicing Software and Time and Expense Tracking for Architects Which KPIs Your Architectural Firm Should Be Tracking [...]

At the end of an accounting year, the balances in a corporation’s revenue, gain, expense, and loss accounts are used to compute the year’s net income. Those account balances are then [...]

Content Cash Basis of Accounting Vs. Accrual Basis of Accounting What are some accounting concepts? How does cash basis accounting work for business? Accounting Basis definition Disclosure of the [...]

Content Claiming the Special Depreciation Allowance Depreciation Guru Declining balance depreciation Declining Balance Method of Depreciation Formula How to Calculate Double Declining Balance [...]

Content State Business Tax Climate Index Unemployment Insurance Tax Base Rhode Island Ranks 40th in Tax Foundation 2022 Business Tax Climate Index Private and Public Jobs Recovery Suffers [...]

Content Equity section of the balance sheet Partnership Accounting Powerful Reporting Withdrawal of partner Chambers Private Wealth Guide 2023: Cayman Islands Significant influence This [...]