by gbrown | Apr 8, 2024 | Bookkeeping
However, bad debt expenses only need to be recorded if you use accrual-based accounting. Most businesses use accrual accounting as it is recommended by Generally Accepted Accounting Principle (GAAP) standards. If your business allows customers to pay with credit,...
by gbrown | Feb 9, 2024 | Bookkeeping
This will provide you with a straight line depreciation schedule that shows the asset’s decreasing value over time. In the last line of the chart, notice that 25% of $3,797 is $949, not the $797 that’s listed. However, the total depreciation allowed is equal to...
by gbrown | Jan 16, 2024 | Bookkeeping
You can look that the net profit formula a step further by looking at the income statement. For instance, if you don’t what the total revenues of the company are, here is how to calculate net income using the gross profit instead of total revenues. But if...
by gbrown | Oct 18, 2022 | Bookkeeping
Our accounting and financial solutions make providing the appropriate information to those who need it easier, allowing you and your staff to work on building your organization’s success. They made the experience of tax filling very easy and ensures you get the...
by gbrown | May 6, 2022 | Bookkeeping
This approach could be preferred if you made some major purchases in 2020 that resulted in a lot of sales tax being paid. Another scenario where this might how are dividends defined in the u s national accounts work is if you live in a state with high sales tax that...
by gbrown | Apr 15, 2021 | Bookkeeping
The Smartsheet platform makes it easy to plan, capture, manage, and report on work from anywhere, helping your team be more effective and get more done. Report on key metrics and get real-time visibility into work as it happens with roll-up reports, dashboards, and...
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