دسته: Bookkeeping

Prepaid insurance is exactly what it sounds like – insurance that’s been prepaid. Just pay the bill when it arrives, then rest easy knowing that you’re protected. The question of how long prepaid insurance remains a current asset can feel like a grey area, but accounting principles offer some clear guidelines. A common financial question… ادامه مطلب

A nominal account is a general ledger account that you close at the end of each accounting year. Basically, you store accounting transactions how is petty cash reported in financial statements in a nominal account for one fiscal year. At the end of the fiscal year, you transfer the balances in the account to a… ادامه مطلب

An acquisition occurs when the company takes over a same-size or smaller company within its industry. Retained earnings also provide your business a cushion against the economic downturn and give you the requisite support to sail through depression. Learn about the Waste https://atlantahatesus.com/contact-us.html Book, why it’s the oldest book in accounting and how it’s still… ادامه مطلب

While your marginal tax rate is 12%, your effective tax rate is 11.1% ($3,014 divided by $27,050). The tax bracket your top dollar of income reaches is your marginal tax bracket. This bracket is your highest tax rate, which applies to the top portion of your income. Use our federal income tax bracket calculator below… ادامه مطلب

At Finance Strategists, we partner with financial experts to ensure the accuracy of our financial content. The articles and research support materials available on this site are educational and are not intended to be investment or tax advice. All such information is provided solely for convenience purposes only and all users thereof should be guided… ادامه مطلب

At Finance Strategists, we partner with financial experts to ensure the accuracy of our financial content. The articles and research support materials available on this site are educational and are not intended to be investment or tax advice. All such information is provided solely for convenience purposes only and all users thereof should be guided… ادامه مطلب

The market’s average annual return is about 10%, not accounting for inflation. In contrast, the U.S. bond market, measured by the Bloomberg Barclays U.S. Aggregate Bond Index, has an all-time return of around 6%, also not accounting for inflation. To stimulate spending, the Federal Reserve typically cuts interest rates during economic downturns — periods that… ادامه مطلب