Category: Bookkeeping

What is the residual value of a lease? What is the salvage value of a lease?

Content IRS Asset Depreciation Guidelines AccountingTools Units of Production Double-Declining Balance Can I Deduct Farm Equipment on My Taxes? How to calculate and record depreciation with salvage value Furthermore, the balance sheet would show an overstated value of fixed assets and their earnings. In contrast, when the scrap value is set too low, the net […]

Pros and Cons of FreshBooks: Is It The Best Accounting Software?

Content Expenses How does FreshBooks work? Mobile Application Recurring Invoices FreshBooks Accounting Does FreshBooks work on all of my devices? You’re our first priority.Every time. FreshBooks is a product of 2ndSite Inc., a privately held software company with headquarters in Toronto, ON, Canada. It was co-founded in 2003 by Michael McDerment and Levi Cooperman to […]

Cost of Goods Sold COGS Explained With Methods to Calculate It

Content IAS plus U.S. Based Cloud Bookkeeping Services How is construction accounting different? Construction Accounting 101 History of IAS 11 Where does cost of goods sold fit in the calculation for taxable income? In Washington State, all Construction Contractors working for a Spec Builder need to collect sales tax on all services when billed from […]

The Pros and Cons of Crowdfunding BoF

Content Types of crowdfunding The Pros and Cons of Crowdfunding for Your Small Business BUSINESS The Pros Of Crowdfunding Capital For Your Business What Are The Disadvantages Of Crowdfunding Certain peer-to-peer lending sites allow investors to fund loans in $25 increments. Republic lets investors get a piece of the action for as little as $10 […]

Ex-Dividend Dates: When Are You Entitled to Stock and Cash Dividends

A dividend is a share of profits and retained earnings that a company pays out to its shareholders and owners. When a company generates a profit and accumulates retained earnings, those earnings can be either reinvested in the business or paid out to shareholders as a dividend. The annual dividend per share divided by the […]

What is the difference between break-even point and payback period?

Contents: Break-Even Analysis: Definition and How to Calculate and Use It What is the difference between cash flow break-even point and traditional break-even point? What is Contribution Margin Ratio? Cash-flow forecasts and statements – Key takeaways It is not necessarily making a net profit, but at least covering all its costs. Free Cash Flow means […]

Financial Leverage Learn How Financial Leverage Works

Content What is Leverage (in Finance) | Meaning | Types Types of Leverages – Operating Leverage, Financial Leverage and Combined Leverage (with Formula) Understanding Financial Leverage Chegg Products & Services What are Leverage Ratios? What Are the Different Kinds of Leverage? Fixed financial costs result from the use of debt capital in the capital structure […]

Online Bookkeeping And Accounting Courses For Beginners

Content Welcome to Great Learning Academy! Build a Successful Bookkeeping Firm with Financial Cents’ Work Management Solution. First Thing; What to Look for In Bookkeeping Courses Best Bookkeeping Courses Online: 2023 Certification Classes Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials To watch this video PriceThe course is free but […]