Independent writer, content strategist, and financial sector specialist. Tatiana has an extensive experience in working with financial institutions such as Bank of Canada and Risk Management unit at FinDev Canada.…

All of the depreciation methods discussed above are the traditional methods. Another more important thing you need to consider is modified accelerated cost recovery system (MACRS) depreciation, which may differ…

There are plenty of ways to do this, from writing a check to making an electronic payment or bank transfer. After you’ve received the goods or services, the vendor will…

TrainUp.com is your one - stop source for finding virtual quickbooks training and courses in Seattle, Washington. TrainUp.com currently lists virtual quickbooks courses and training in and nearby the Seattle…

It is most often calculated at the end of each year with the annual financial statements. In either case, the fair market value equals the trading value of the stock…

Any finance received in excess of the share’s par value ends up on the share premium account. If companies issue shares at below the par value, this account will also…

It is a more detailed approach, whereby the business will organize the data in such a manner so that more specific and detailed information is available to whoever tries to…

Businesses often negotiate better payment terms with suppliers or use cash flow forecasting to ensure they have sufficient funds to cover these short-term obligations. Effective management of current liabilities helps…

Shaun Conrad is a Certified Public Accountant and CPA exam expert with a passion for teaching. After almost a decade of experience in public accounting, he created MyAccountingCourse.com to help…

Businesses that meet any of these criteria need the adjusting entries are dated complete financial picture double-entry bookkeeping delivers. This is because double-entry accounting can generate a variety of crucial…