Best Accounting Software for Small Businesses

Plus, software can help keep your books in compliance, which can save you time and money in the long run. You can do a lot with these transactions once they appear in a register. First, they should be assigned a category, such as office expenses, utilities, and travel. If you’re traveling and have expenses on […]

English Capitalization Rules, With Examples

If large long-term assets were expensed immediately, it could compromise the required ratio for existing loans or could prevent firms from receiving new loans. Here it can refer to the book value cost of capital, which is the sum of a company’s long-term debt, stock, and retained earnings. The alternative to the book value is […]

Net income results when: A Revenues=Expenses. B. Assets are greater than Liabilities. C. Revenues are less than Expenses. D. Revenues are greater than Expenses.

For example, an individual has $60,000 in gross income and qualifies for $10,000 in deductions. That individual’s taxable income is $50,000 with an effective tax rate of 13.88% giving an income tax payment $6,939.50 and NI of $43,060.50. Business analysts often refer to net income as the bottom line since it is at the bottom of the […]

THE BEST 10 Accountants in SAN ANTONIO, TX Last Updated March 2024

The bookkeepers in this firm are knowledgeable in handling bookkeeping services as well as payroll processing. Services also include tax preparation and planning, financial and cost management, business organization, and QuickBooks consulting. Suzann M. Woodward, CPA is registered with the American Institute of CPAs and Boerne Chamber of Commerce. Simply Services is an accounting […]

Identifying the cost of capital: A guide

The difference allows for capitalized costs to be spread out over a longer period, such as the construction of a fixed asset, and the impact on profits is for a longer time frame. Capital expenditures are often used to undertake new projects or investments by a company. Typically, the purpose of CapEx is to expand a company’s […]