Our dedicated support teams are assigned based on your real estate market. One-on-one support is accessible via a toll-free hotline and email, and you’ll get regular notifications about new features and updates. Our development teams are also on hand for should your nonprofit go for a government grant specialized troubleshooting, and our in-house cloud services …
Examples of contra accounts include accumulated depreciation, allowance for doubtful accounts, and sales returns and allowances. For example, if a company has a negative balance in its bank account, it can create a contra account to offset the negative balance. Many accounting software programs have built-in features that allow for the creation and management of …
You can search the online directory to locate financial professionals who specialize in working with your industry. Xero does offer Xero Advisors, but the QuickBooks ProAdvisor network is much larger. Both have great A/P features, but QuickBooks Online is slightly better due to its ability to generate recurring payments. Xero lets you create a recurring …
Bookkeepers and accounting professionals using QuickBooks Accountant can simplify tax preparation through ProConnect, a professional tax management solution. QuickBooks Online allows you to create invoices and either print them or email them to customers. You can create a new invoice from scratch or by converting an existing estimate into an invoice. The program is known …
What is QuickBooks Benefits, and How It Works for Businesses Read More »
The purpose of releasing a statement of retained earnings is to improve market and investor confidence in the organization. Instead, the retained earnings are redirected, often as a reinvestment within the organization. These funds may also be referred to as retained profit, accumulated earnings, or accumulated retained earnings. Informing Shareholders Through Retained Earnings Reports Dividends …
Financial Statement Modeling Notes & Practice Questions CFA Read More »
It may also occur when companies need to end the life of damaged or stolen assets involuntarily. However, regardless of the method of disposition, the accounts related to the discarded assets should be removed from the company records. A disposition refers to the disposal of assets or securities through assignment, disposition in accounting sale, or …
Disposal of Fixed Assets: How to Record the Journal Entry Read More »
They enable regular transfer of funds from the bank to the SIP account. The SIP calculator helps estimate the potential growth of your Systematic Investment Plan (SIP) investment over your chosen time frame. SIP is a convenient method to save for your long-term financial goals. SIPcalculator.net is free online SIP Calculator tool that calculates return …
SIP Calculator Calculate Returns on SIP Investment Online Read More »
Addressing underapplied overhead involves adjusting journal entries to increase COGS and inventory values, thereby aligning them with actual costs. This adjustment ensures that financial statements accurately reflect the company’s expenses and profitability. Regular variance analysis and monitoring are crucial for identifying and correcting both overapplied and underapplied overhead. By maintaining accurate overhead allocation, companies can …
This discount is subtracted from the total amount borrowed to better reflect the discount given by the lender. A company creates allowances for doubtful accounts to record the portion of accounts receivable which it believes it will no longer be able to collect. The amount in allowance for doubtful accounts is deducted from the accounts …
Purchase Discounts, Returns and Allowances: All You Need To Know Read More »
This can be paired with horizontal analysis to help you recognise trends and maximise profits through efficient, data-based strategies. The vertical analysis equation is a very straightforward percentage formula – you simply divide each line item by your base figure and multiple the result by 100. Of course, to employ the vertical analysis equation, you …
