What are S Corporations? Tips, Benefits & More
An LLC is a business structure that protects a business owner’s personal assets from business obligations or liabilities. LLCs can range in size from solo proprietors to businesses with hundreds of employees. For example, many law firms are LLCs, and…
What is Quicken? Information about Intuit’s Quicken financial management software
Just select an account and click the download button in the upper-right corner of the register. The Quicken Cloud enables your desktop data to sync between Quicken on the Web, Quicken Mobile, and Quicken Desktop. You need space on your…
What is Bad Debt Expense? How to Record, Estimate & Reduce It
Bad debt expense also plays a critical role in financial transparency and can affect your financial reporting. These uncollected amounts reduce both cash flow and net income. You record it as an operating expense on your income statement. But how…
Purchase Return Journal Entry What Is It, Examples, Advantages
Some companies do not use the intermediary sales return account because it is a contra account – meaning that it is just a deduction from another account. A sales return also happens when you receive the wrong product, e.g., if…
A Guide to Everything You Need to Know About Bank Reconciliations
In case you identify any errors made by the bank, contact bookkeeping them promptly to rectify the mistakes. Now that we understand the significance of bank reconciliation, let’s explore some examples of how it works in real-life scenarios. If you’re…
Treasury and IRS extend filing and payment deadline to May 17 U S. Department of the Treasury
Online filing remains the most efficient process for filing taxes and is recommended by the IRS. If you still don’t have your W-2 by the tax deadline, you can use the W-2 substitute, Form 4852, and estimate your wages and…
WACC Formula, Definition and Uses Guide to Cost of Capital
Investors and corporate treasurers must stay attuned to these dynamics to optimize their financial strategies and achieve a favorable balance between risk and return. The after-tax cost of debt is not static; it’s influenced by a myriad of factors, primarily…
Bookkeeping Services for Technology Companies
Kontist currently accepts to open mobile bank accounts for residents of Germany. Soldo is a neobank based in United Kingdom offering Business accounts including a debit card, with all transactions being managed from an iPhone or Android application. Khatabook is…
BEARER BOND definition in the Cambridge English Dictionary
Existing bonds were allowed to mature, but no replacements could be issued. Their appeal lay in the convenience of ownership transfer without registration or bureaucratic processes. Bearer bonds emerged during the 19th century as a revolutionary financial instrument. Each bond…