A payroll specialist position is one of those work from home accounting jobs that are great for people who can organize their time effectively. If you can handle home chores while tracking vacation allocations and hours worked, it’s a brilliant opportunity. Accountants and bookkeepers will find it less stressful to make the transition, as they …
If so, then the term premium has not been the only reason behind the recent surge in bond yields. Accountants can create an amortization schedule for the bonds payable. This will detail the discount or premium and outline the changes to it each period that coupon payments (the dollar amount of interest paid to an …
Generally, a ratio below 1.5 indicates that a company may not have enough capital to pay interest on its debts. However, interest coverage ratios vary greatly across industries; therefore, it is best to compare ratios of companies within the same industry and with a similar business structure. A company’s times interest ratio indicates how well …
Time Interest earned TIE Ratio: A Guide Its Use For A Business Read More »
Cash spent on purchasing PP&E is called capital expenditures (CapEx). These investments are a cash outflow, and therefore will have a negative impact when we calculate the net increase in cash from all activities. Base on the financial statement, ABC company has paid $ 13,000 in interest to the bank and another $50,000 on the …
Where does the interest paid on bank loans get reported on the statement of cash flows Read More »
Both of these paths are viable long-term career options for aspiring accounting professionals. Let’s dive deeper into the differences so you can choose which path is right for you. For professionals who want to enter the accounting field, it’s common to wonder what the difference is between an accountant and a CPA. While it may …
Twitty’s Books began its 2018 fiscal year with $330,000 in sellable inventory. By the end of 2018, Twitty’s Books had $440,000 in sellable inventory. The average cost method, or weighted-average method, does not take into consideration price inflation or deflation. Instead, the average price of stocked items, regardless of purchase date, is used to value …
You can see whether this ratio goes up over time, taking a long time to collect. If the report is generated by an accounting software system (which is usually the case), then you can usually reconfigure the report for different date ranges. For example, if payment terms are net 15 days, then the date range …
On October 26, 2021, Sandra and Frank Elm, calendar year taxpayers, bought and placed in service in their business a new item of 7-year property. It cost $39,000 and they elected a section 179 deduction of $24,000. They also made an election under section 168(k)(7) not to deduct the special depreciation allowance for 7-year property …
How to Use IRS Depreciation Tables HowStuffWorks Read More »
There will be an invoice paid/posted to next fiscal year’s ledgers for goods/services received in the current fiscal year. • Similarly, you pay out cash to cover for wages of employees but recognize it later in your books. Thanks again to Lighter Capital for sharing this article with inDinero’s audience! We both encourage all business …
Deferral: Definition, Types, vs Accrual Accounting, Examples Read More »
What you own and owe, as well as your business’s value, is found here. On the other hand, a liability is any debt or cost that you might owe, such as a bank loan. As much as possible, try to limit your liabilities and build up your tangible and cash assets. It is important to …
5+ Best Accounting Software for Photographers and Photography Businesses Read More »