Category: Bookkeeping

Now that we have set the stage, let’s dissect revenue in construction accounting. Every industry actor in every industry follows certain codes that help it come on top of its competitors. In other words, imagine that a…

Get strategic insights and advice for your businesses. It does not even give me the option to talk to an assistant or view my billing subscription. Here’s how to make federal estimated quarterly tax payments. Intuit helps…

In a basic sense, Total Debt / Equity is a measure of all of a company’s future obligations on the balance sheet relative to equity. However, the ratio can be more discerning as to what is actually…

Direct labor refers to those who produce goods, such as workers on an assembly line. Usually when dealing with direct labor, the actual rate is set by you. It is the amount you agree to pay each…

Stock dividends dilute the ownership percentage but do not change the total value of equity held by each shareholder. They are often used when companies wish to reward shareholders without reducing cash reserves. When the payment date…

At the end of the year, businesses are expected to tally up their payments to W-9 workers and report them to the IRS and the contractors, usually on Form 1099-NEC. Independent contractors, gig workers, freelancers and anyone…

When you reach bronze partner status, you’ll get a free listing that you can customize to showcase your expertise. You can import data from other accounting software in bulk via CSV files once you’ve done some initial…

Credit unions have the option of risk-weighting senior tranches at 100 percent or subordinated tranches at 1,250 percent. The credit union should maintain the documentation of the approach used (look-through versus gross-up) and the results obtained for…

Income statements are key in deciding on investments because they show how well a company can make money from its main business. They help investors understand a company’s past financial acts and its potential for making money…

Including preferred stock as debt can inflate the D/E ratio, making a company appear riskier, whereas counting it as equity would lower the ratio, potentially misrepresenting the company’s financial leverage. This issue is particularly significant in sectors…