Content Best for Integrated Add-Ons How to choose the best accounting software for your small business Accounting software honorable mentions The Best Accounting Software for Small Businesses Features of Small Business Accounting Software Should small businesses look for certain accounting software attributes? Small business tax preparation checklist 2023: 6 steps business owners should know Xero […]

Retained earnings represent a company’s accumulated profits or losses. However, it also subtracts dividends paid to shareholders in the past first. If your business currently pays shareholder dividends, you’ll need to subtract the total paid from your previous retained earnings balance. If you don’t pay dividends, you can ignore this part and substitute $0 for […]

For example, a company issued callable preferred stocks two years ago at $100. For these shares, the dividend rate was set at 4%, and the call price at $103. If the interest rate drops to 1% yet the stocks appreciate to $105, the company can purchase the stocks at the call price and create new […]

The cost price is the price a retailer paid for the product, while the profit margin is a percentage of the cost price. If you’re underpriced, not only will you lose money, but your product could also be viewed as cheap and unreliable. On the other hand, overpricing your product means you run the risk […]

Lease accounting is separate from fixed asset accounting and is covered under US GAAP by ASC 842, Leases. Large business asset purchases are not recorded as expenses and written off during the purchase year. Because such assets have a useful life extending beyond the year of purchase they are capitalized and the expense is written […]

Content BTDS Is a Division of the Largest Law Firm Management Consulting Company in North America TimeSolv Bookkeeping That Doesn’t Suck Handles Your Law Firm Bookkeeping Understanding where money is coming from (and where it’s going) How to Effectively Do Bookkeeping for a Law Firm – Tips from an Accountant and Bookkeeper By tracking their […]

Content ALL-IN-ONE TRUCKING PLATFORM TAX & BUSINESS SOLUTIONS FOR TRUCK DRIVERS “How much does it cost?” Pricing Sage — Cloud-Based Solution for Mid-Sized Trucking Companies InDinero offers full-service accounting and tax preparation services along with their software. The company asks business owners to reach out for a specific quote, although the “Essential” plan starts at […]

When calculating interest, interest compounding grows faster than at a simple interest rate. Which is better – an investment offering a 5% return compounded daily or a 6% return compounded annually? The following calculator allows you to quickly determine the answer to these sorts of questions. The present value is simply the amount of money […]

Capital expenditures are for fixed assets, which are expected to be productive assets for a long period of time. Revenue expenditures are for costs that are related to specific revenue transactions or operating periods, such as the cost of goods sold or repairs and maintenance expense. The differences between these two types of expenditures are […]

The income or investment spends on such buying falls under capital expenditure. The difference between capital and revenue is very important to understand. When people think of capital, they tend to think of assets such as money or property. The purchases or cash outflows for capital expenditures are shown in the investing section of the […]