While you havent yet received the income from the sale, you may need to record it to make sure it is included for the period in which you earned it. This type of adjustment is more common in industries where a customer contracts work that may take an extended period to fully complete. The above …
The formula for long-term midstream success is superior scale, strong balance sheets, well-covered distributions and focus on high-quality assets and customers. After years of investing in assets and dealing with the debt to finance that cap ex, PAGP is following that formula. Recent price momentum is likely to lessen, but distribution growth backed by good …
PMT is the abbreviation for payment, which makes the function name easy to remember. Learn these (and many more) functions of Excel by https://www.online-accounting.net/word-receipt-template-free-microsoft-word-receipt/ enrolling in my 30-minute free email course here. To master Excel functions, you better take the road from simpler Excel functions. How to use the PMT Function in Excel? When you …
PMT Function Formula, Examples, How to Use PMT Function Read More »
If we only looked at our net income, we might believe we had $60,000 cash on hand. In that case, we wouldn’t truly know what we had to work with—and we’d run the risk of overspending, budgeting incorrectly, or misrepresenting our liquidity to loan officers or business https://www.quick-bookkeeping.net/can-i-give-invoice-without-being-self-employed/ partners. Cash flow statements are also required …
Then multiply the quotient by the total number of days during that specific period. The average collection period is determined by taking the net credit sales for a given period and dividing the average accounts receivable balance by the net credit sales of the company. The money that these entities owe to a business when …
Lower-paying entry-level jobs are needed “to start a worker’s ascent up the career ladder,” according to the US Chamber of Commerce. There’s an inherent imbalance of bargaining power between employers and employees. The minimum wage in the Portland metro area is $15.45 per hour and the minimum wage in nonurban counties is $13.20 per hour. …
Fast food workers losing jobs as California minimum wage jumps to $20 Read More »
Generally, if your personal income falls in a higher tax bracket, it may be wiser to be taxed as a corporation. For reporting your business http://narodru.ru/article8066.html income, you’ll attach a Schedule C to your 1040 tax form. Also, a Schedule SE will be attached for reporting self-employment taxes. When not writing, Kimberlee enjoys chasing waterfalls …
Accrued expenses refer to the recognition of expenses that have been incurred, but not yet recorded in the company’s financial statements. For example, if a company incurs expenses in December for a service that will be received in January, the expenses would be recorded as an accrual in December, when they were incurred. Most small …
How Do You Record Adjustments for Accrued Revenue? Read More »
