Bookkeeping

Cost depletion is calculated by taking the property’s basis, total recoverable reserves and number of units sold into account. The property’s basis is distributed among the total number of recoverable units. As natural resources are extracted, they are counted and taken out from the property’s basis. One method of calculating depletion expense is the percentage depletion method.

Concepts Statement 6 further states that debt issuance costs cannot be an asset because they provide no future economic benefit. Prior to April 2015, financing fees were treated as a long-term asset and amortized over the term of the loan, using either the straight-line or interest method (“deferred financing fees”). Operating cash flows arise from the

If a business’s revenue is below the break-even point, then the company is operating at a loss. The break-even point (BEP) helps businesses with pricing decisions, sales forecasting, cost management, and growth strategies. A business would not use break-even to measure its repayment of debt or how long that repayment will take to complete. How

For investors and corporations alike, the future value is calculated to estimate the value of an investment at a later date to guide decision-making. To learn more about or do calculations on present value instead, feel free to pop on over to our Present Value Calculator. For a brief, educational introduction to finance and the

You have 18 months to complete the full exam and your time starts as soon as you pass the first exam. If you’re looking for specific steps to follow to apply for the CPA Exam, check out our CPA Requirements page. Obtaining relevant work experience is a crucial step in becoming a Certified Public Accountant

By integrating the software, you can connect your finances to the vital data on customers, inventory, and other aspects of your business. This is especially important for eCommerce startups who have transactions on a multitude of channels. An ERP is a great way to centralize the data coming in from different online marketplaces. Accounting software

After all, providing accounting advisory services requires an in-depth knowledge of your client’s finances, industry and upcoming market trends. How accounting firms can shift away from a compliance-based model in favor of higher-value advisory services. To remain competitive in such a challenging business environment, center your offerings on value, not cost, and advisory accounting make

Moreover, we can also see that 36% of total receivables are in the days age group. We can derive from this report that the company is not doing good in collecting balances from customers. Understanding collection patterns and practices can be evaluated by looking at the A/R aging report. Depending on your preferences, you can

New York State employees are entitled to employment protection when they serve in the Armed Forces. The Military Stipend provides a salary supplement to assure that the employee’s biweekly salary remains at least at their New York State biweekly salary level. Time America’s TA100 PRO is a simple to use yet powerful time and attendance