Category Archives: Bookkeeping

The guide worth of one share of cumulative most well-liked stock is its call price plus any dividends in arrears. If a 10% cumulative preferred inventory having a par value of $100 has a call value of $110, and the corporation has two years of omitted dividends, the book worth per share of this preferred […]

Dying and taxes are the only two certainties in life, however you presumably can significantly reduce the taxes you pay by taking every deduction obtainable to you. Be Taught how small enterprise tax deductions, the way to maximize tax deductions, plus 29 tax deductions and credits you may be overlooking this 12 months. The Tax […]

A significant disadvantage of the Direct Write-Off Method is the delay in recognizing bad debt. Because bad debts are recorded only when they become uncollectible, there can be a considerable time gap between the sale and the recognition of the bad debt expense. This delay can lead to financial statements that do not accurately reflect […]

Before making your decision, be sure to compare all your accounting software options at jamietrull.com/accounting. If QuickBooks Solopreneur seems expensive or limiting, you might consider my Profit & Loss Template. It’s a one-time purchase that offers greater flexibility and customization without the ongoing monthly costs. Despite the double-entry bookkeeping feature, QuickBooks Solopreneur does not generate […]

At OOTB, we believe in providing you with a single, consistent team for as long as possible. Other services switch out your bookkeeper regularly, which can cause issues in bookkeeping consistency. Your dedicated team consists of two professionally trained bookkeepers, including one senior bookkeeper who reviews all of your monthly statements. This stability and consistency […]

An accrued expense can be an estimate and differ from the supplier’s invoice, which is in a position to arrive at a later date. Following the accrual method of accounting, bills are recognized when they’re incurred, not necessarily when they’re paid. On the opposite hand, a lower in accrued bills occurs when a company pays […]