October 25, 2022 Interest Expenses on Statement of Cash Flow Another useful aspect of the cash flow statement is to compare operating cash flow to net income. This comparison measure how well a company is running its operations. The cash flow statement reflects the actual amount late fees and…
September 28, 2022 How to convert accrual basis to cash basis accounting Benjamin Podraza holds a Bachelor of Science in accounting and a Master of Science in taxation from Arizona State University. He is a financial consultant that has provided advice to thousands of individuals and business owners for…
September 7, 2022 Oregon Income Tax vs Washington Income Tax Looking at the extensive list above, it’s clear that a large portion of the United States doesn’t tax Social Security benefits. This is a major financial advantage for retirees, allowing them to stretch their income further. A…
July 26, 2022 Reconciliation Finance, Definition, Process, Methods For example, while performing an account reconciliation for a cash account, it may be noted that the general ledger balance is $500,000. Still, the supporting documentation (i.e., a bank statement) says the bank account has a balance…
June 20, 2022 How To Calculate The Value Of An Annuity See how different annuity choices can translate into stable, long-term income for your retirement years. The term “annuity due” means receiving the payment at the beginning of each period (e.g. monthly rent). Many accounting applications related to…
June 17, 2022 What Is an Annuity Table and How Do You Use One? You cross reference the rows and columns to find your annuity’s present value. For example, a court settlement might entitle the recipient to $2,000 per month for 30 years, but the receiving party may be uncomfortable getting…
May 6, 2022 What Is an In-Kind Donation? The Complete Nonprofit Guide These are just a few of the HR functions accounting firms must provide to stay competitive in the talent game. If you would like to receive an email when new stories like this one are posted to…
May 6, 2022 Gifts-in-kind: What are they worth? While mid-sized to larger nonprofits may outsource these services, smaller nonprofits may seek out community members willing to donate their time and expertise until they have the resources to pay professionals. The manager wasn’t ready to make…
April 14, 2022 Bookkeeping Phoenix, AZ Online Bookkeepers & Accountants Tax packages include tax prep, filing, and consulting, too. We would love to earn your business, so here’s a free guide of the most common strategies we use to drastically reduce your business taxes. I have learned…
April 11, 2022 Impaired Asset Definition, Measurement, & Examples If an asset is continually depreciated at an underestimated amount, the asset will be reported at a book value that is higher than its market value, and this gap expands overtime. When companies detect impairment due to…
