Bookkeeping

Content predictions: ATMs replace tellers and automation replaces loan officers About United Solutions Company The Place For All Things Credit Union™ Accessibility on Wave Federal Credit Union website Stay connected to the credit union community with our free newsletter! Wave Federal Credit Union signs seven-year core data processing agreement with United Solutions Company to migrate …

Wave Federal Credit Union selects DataSafe System from United Solutions CUSO Leer más »

Content Units of production depreciation Inclusion Amount Worksheet for Leased Listed Property Sum-of-years-digits method Declining Balance After you figure your special depreciation allowance, you can use the remaining carryover basis to figure your regular MACRS depreciation deduction. See Figuring the Deduction for Property Acquired in a Nontaxable Exchange in chapter 4 under How Is the …

Depreciation Expenses: Definition, Methods, and Examples Leer más »

Content A Real-World Cash Reconciliation Example How Often Should Individuals Reconcile Their Bank Statements? How to Do Bank Reconciliation? Recon Diaries, Entry 1: Cash Reconciliation Explained Reconciliation of a Cash Register How often should you balance a cash drawer? Iron out discrepancies On occasion, discrepancies may occur due to accounting or calculation errors, whether on …

Reconciliation Overview, Reconcilation Process, and Methods Leer más »

Contents: What Is the Journal Entry for Accrued Expenses? What Are the Most Common Errors in Accounting? REVERSING ENTRIES Recent Blog Posts On the financial statements, accrued revenue is reported as an adjusting journal entry under current assets on the balance sheet and as earned revenue on the income statement of a company. Remember that …

Prepaid Expenses Examples, Accounting for a Prepaid Expense Leer más »

It either increases equity, liability, or revenue accounts or decreases an asset or expense account (aka the opposite of a debit). Using the same example from above, record the corresponding credit for the purchase of a new computer by crediting your expense account. It either increases an asset or expense account or decreases equity, liability, …

Debits and Credits in Accounting Examples Leer más »

In simple terms, cash flow statements tell us how efficient a company is in converting its profits into real cash. T-Shirt Pros’ statement of cash flows, as it was prepared by the company accountants, reported the following for the period, and had no other capital expenditures. Cash flow from financing activities If a company is …

Cash Flow from Financing Activities Leer más »

Content Advance Child Tax Credit Letters Notice of Deficiency Credits & Deductions More on Taxes Notice of Intent to Levy The news contained in the letter might be good or bad. The best thing to do is respond promptly if needed. Once you have carefully reviewed your letter, you will then know if any action …

Understanding Your IRS Notice or Letter Internal Revenue Service Leer más »

Content How To Reduce Your Manufacturing Overhead Manufacturing Overhead Examples How To Calculate Manufacturing Overhead Costs What Would Appear As Assets On A Manufacturer’s Balance Sheet? Selecting An Allocation Base Budgeted factory overhead rates can’t be determined until the period is over, which means that expenses could be missing from your budget. Report the variance …

Manufacturing Overhead Costs Definition Leer más »

Content What is Industrial Appraisal Company’s SIC code? Got a burning question about Industrial Appraisal Company? Just ask! We Work With the Most Trusted Lenders in the Industry. Discuss Inventory Specialist Pay with the Community Explore Inventory Specialist Salaries Any Asset Type. Any Size. I got contacted by someone at guidepoint offering me consulting work …

Welcome to Industrial Appraisal Company Leer más »

Content Best Business Expense Trackers for Small Businesses Top Tips for Tracking Expenses Why Should I Track Expenses? Sales and marketing-related expenses Why should small business owners track their expenses? Growing small businesses will want to transfer to a double-entry method to create basic financial reports like an income statement and balance sheet. Choose accounting …

Expense Trackers: The Top 6 Tools For Small Businesses Bench Accounting Leer más »