by Baris Camkerten | Oct 14, 2022 | Bookkeeping
Meanwhile, the electricity company must acknowledge that it expects future income. Accrual accounting gives the company a means of tracking its financial position more accurately. If companies received cash payments for all revenues at the same time those revenues...
by Baris Camkerten | Sep 8, 2022 | Bookkeeping
Often classified as fixed assets, or as plant and equipment, your plant assets include land, buildings, machinery, and equipment that are to be used in business operations over a relatively long period of time. It is not expected that you will sell these assets and...
by Baris Camkerten | Aug 23, 2022 | Bookkeeping
Dividends are cash payments from companies to their shareholders as a reward for investing in their stock. Assets include things such as inventory, equipment, supplies, intellectual property, and land. Tangible assets are the items that can easily be valued, while...
by Baris Camkerten | Jul 22, 2022 | Bookkeeping
As we can analyze, that carried forward balance of the control account is equal to the closing balance in the general ledger, totaling to $180,000. So, if reconciliation/control proves that there is no difference between two balances, it means figures are reliable and...
by Baris Camkerten | Jul 11, 2022 | Bookkeeping
TCI Capital also ensures that the solution works well for your customers. With all of that said, Breakout Capital’s invoice factoring rates are a bit higher than some of the other companies we’ve reviewed. Kiah Treece is a small business owner and personal finance...
by Baris Camkerten | Jun 22, 2022 | Bookkeeping
Cheesy Chuck’s has only two assets, and one of the assets, Equipment, is a noncurrent asset, so the value of current assets is the cash amount of $6,200. Since this amount is over $0 (it is well over $0 in this case), Chuck is confident he has nothing to worry about...
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