Category: Bookkeeping

Another prevalent type of hedge is the futures contract, which is similar to forward contracts but standardized and traded on exchanges. Futures contracts provide liquidity and price transparency, making them an attractive option for energy companies looking to hedge against price movements. The use of futures can help companies manage exposure to commodities like oil,… Continue reading GHG Accounting Aligning markets with state greenhouse gas reduction policies

Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. Merchant Maverick’s ratings are not influenced by affiliate partnerships. Similar to its payroll processing features, Wave Payroll offers just… Continue reading Wave Payroll Review

This paid time off amount can be taken by employees in cash or taken as a vacation — but this at the discretion of individual employers. Some employers choose not to accrue vacation pay at all, while others choose to accrue time, but not dollars. ActiPLANS offers a smooth way of time off calculation and… Continue reading What is vacation accrual? Global HR glossary

If a transaction has been in the suspense account for some time, noting the cause can help you remember the details you need to unravel it and maintain your client’s finances. Look for trends in your client’s suspense accounts, such as whether a particular transaction or invoice from a certain sender consistently goes into the… Continue reading What Is a Suspense Account? How It Works, Types, and Example

Companies with perishable goods or items heavily subject to obsolescence are more likely to use LIFO. Logistically, that grocery store is more likely to try to sell slightly older bananas as opposed to the most recently delivered. Should the company https://quickbooks-payroll.org/ sell the most recent perishable good it receives, the oldest inventory items will likely… Continue reading Does U S. GAAP prefer FIFO or LIFO accounting?

When it comes down to it, each person’s studying style is different. Some get bored easily, others aren’t sure where to start, some read the material and still don’t understand what’s happening, etc. SmartBook 2.0 tracks student progress and provides reports that allow educators to identify exactly where and when students are struggling. It helps… Continue reading Connect with SmartBook 2 0

Sales fall through, contracts are renegotiated, and renters cancel their leases. All of these changes can harm your cash flow, especially if you already recorded the income through your accrual-based system. With a cash model, you can record the income when the sale closes or when the renter’s check hits your account. Regular updates and… Continue reading Real Estate Accounting 7 Things Agents NEED to Know 2024 Updated

During this period, the company’s resources may be tied up in obligations or pending liquidation to cash. Working capital is one of the most difficult financial concepts for the small-business owner to understand. In fact, the term means a lot of different things to a lot of different people. https://business-accounting.net/ By definition, working capital is… Continue reading Working Capital: What It Is and How to Calculate It

This is because it is hard, almost impossible, to estimate a specific value of bad debt expense. Sometimes people encounter hardships and are unable to meet their payment obligations, in which case they default. Therefore, there is no guaranteed way to find a specific value of bad debt expense, which is why we estimate it… Continue reading Bad Debt and Bad Debt Expense: Overview & Calculation Method

Long term asset strategy plays a crucial role in reflecting a company’s financial health and future growth potential. For instance, a company with significant investments in long term assets is often viewed as more stable and less risky to potential investors or lenders. Long-Term Assets refer to assets that the company doesn’t intend or is… Continue reading What is a long-term asset?