Bookkeeping

Personal property taxes are taxes imposed on your movable property. The tools, equipment, and vehicles that your business owns, as well as furniture you place in rental homes, might be subject to taxation. Like many aspects of business, your level of preparation influences your chances of success. Choosing real estate accounting the right accounting software […]

Moreover, the ledger accounts with a credit balance are liabilities, income, contra expense, reserves, capital, and provisions. A credit balance is an amount attributed to the margin account following the successful completion of the short sale transaction. It normally assists in counterbalancing the prospective future losses of the firm. A credit surges the equity or

For example, tracking DSO monthly will allow you to spot seasonal trends, view an increase or decrease in days outstanding, and proactively address any potential issues that may be spotted. Days sales outstanding (DSO) is a measure of the average number of days that it takes a company to collect payment for a sale. Having

Generally accepted accounting principles (GAAP) are based on the consistency and comparability of financial statements. Using consistent accounting principles like GAAP ensures consistency and the ability to accurately review a company’s financial statements over time. Comparability is the ability to review two or more different companies’ financials as a benchmarking exercise. Financial institutions and creditors