Category: Bookkeeping
Whats Behind All This Shrink? The New York Times
“Shrink” is another term used to refer to mental health professionals, including therapists, psychologists, and psychiatrists. The word “shrink” comes…
Breakeven Point: Definition, Examples, and How to Calculate
This will give us the total dollar amount in sales that will we need to achieve in order to have…
How To Calculate Salvage Value? Definition & Formula
However, if a company is sold rather than liquidated, both the liquidation value and intangible assets determine the company’s going-concern…
Preparing Financial Statements Example, Income Statement, Next Step
The purpose of a cash flow statement is to provide a detailed picture of what happened to a business’s cash…
Closing Entries: Step by Step Guide
If the resulting balance in the account is a loss (a negative balance), credit the income summary account for the…
Closing Entries Financial Accounting
Since we credited income summary in Step 1 for $5,300 and debited income summary for $5,050 in Step 2, the…
Sales Tax Calculator: Estimate Your Sales Tax
These are only several examples of differences in taxation in different jurisdictions. Rules and regulations regarding sales tax vary widely…
Tax Time Guide: Escape penalties and interest with electronic payment options on IRS gov Internal Revenue Service
Also, various financial transactions, especially late in the year, can often have an unexpected tax impact. Examples include year-end and…
Gifts In Kind Donation Form
Essentially, an in-kind donation is a non-cash gift given to a nonprofit or qualified donee. Essentially what that means is…
About budget reports Smartsheet Learning Center
This captures your planned effort so you’ll be able to compare it to your actual effort when you generate a…