16 Apr A Beginner’s Guide to Understanding Period Costs Accounting
The choice of depreciation method depends on factors such as asset usage patterns, expected future cash flows, and accounting policies. Analyzing trends in Period Costs...
Bookkeeping
27 Feb Financial Statement Analysis EBSCO Research Starters
Privately held firms are not held to the same standard but often adhere to strict guidelines to increase the value of the firm and viability...
26 Apr Pro Forma Financial Statements: Main Types & How to Create Them
They create pro forma statements combining their own historical financial information with that of the acquisition target. This enables them to better understand the combined...
03 Apr What is an IRS Form 5498-SA? HSA & MSA Tax Form
For 2024, the limits are $4,150 for individuals and $8,300 for families. Box 2 reflects contributions to Archer MSAs, ensuring compliance with plan-specific limits. Box...
24 Aug T Accounts Examples in Accounting
This is an owner’s equity account and as such you would expect a credit balance. Other examples include (1) the allowance for doubtful accounts, (2)...
07 Sep Sales Revenue Journal Entry Bookkeeping Example Explained
Most credit card processors will group multiple charges into a single deposit in your checking account. After your credit card processor transfers the funds to...
25 Aug Understanding Income Statements vs Balance Sheets
Essential ratios computed from the balance sheet—like the current ratio or debt-to-equity ratio—help determine the firm’s ability to satisfy immediate liabilities and its dependence on...
25 Feb HOA Bookkeeping
It’s important to become well-versed in all accounting aspects to better perform your duties in an HOA. HOA accounting can be very confusing — enough...
25 Nov 10 Best Accounting Software for 2025 Reviews, Pricing
This saves owners from worrying about compliance issues when tax season arrives. Their main website highlights that their software works for businesses with up to...
05 Nov bimonthly, biweekly, semimonthly, semiweekly
If you ever found yourself wondering about the difference between biweekly vs semi-monthly payroll schedules, you’re not alone. The lack of consistency with semimonthly payroll...