Content Sales Tax Directory: By State Which EVs are eligible for the full $7,500 tax credit? Click-through Nexus / Affiliate Nexus Join 16,000+ sales tax pros who get weekly sales tax tips. Working with a drop shipper outside your…
Contingent liabilities are recorded if the contingency is likely and the amount of the liability can be reasonably estimated. The liability may be disclosed in a footnote on the financial statements unless both conditions are not met. Therefore, contingent…
The app is efficient enough to allow you to create, customize, and send invoices on the go. The platform’s invoice feature integrates with multiple payment methods; like in the US, it accepts ACH, instantly allowing your clients to pay…
For example, Figure 12.4 shows that $18,000 of a $100,000 note payable is scheduled to be paid within the current period (typically within one year). The remaining $82,000 is considered a long-term liability and will be paid over its…
On the overhead side, you can eliminate fixed amounts that result from expenses that don't contribute to the effective operation of the company. For example, you can sometimes cut overhead costs by eliminating unnecessary travel. Reducing direct-product costs is…
Content Best Legal Practice Management Software Improve Profitability, Compliance and More Bookkeeping Challenges: Why it’s a Pain Point? Start Using the Best Law Firm Accounting Software with LawPay + MyCase Ensure you have the right bank accounts set up…
As you can see, there is one ledger account for Cash and another for Common Stock. Cash is labeled account number 101 because it is an asset account type. The date of January 3, 2019, is in the far…
An outstanding cheque refers to a cheque payment that has been recorded in the books of accounts of the issuing company. But, the cheque has not yet been cleared by the bank as a deduction from the company’s cash…
Content Add labels boundaries. Export and share your flow chart Basic method
The phreatic line must start from B and not from C. Also, the phreatic line is a flow line, and must start perpendicularly to the u/s face…
Content The methods of compiling the statement of cash flows Reporting cash flows from operating activities Indirect method Investments - Key takeaways 2.3 Intangible assets The British Accountancy Awards Cash flow statement: How to use this financial statement
Return on…