Estimating your bad debts usually involves some form of the percentage of bad debt formula, which is just your past bad debts divided by your past credit sales. Bad debt expenses make sure that your books reflect what’s actually happening in your business and that your business’ net income doesn’t appear higher than it actually …
Content Convicted eBay Cyberstalkers Serve Time, Will Execs Face Justice? Xero Should You Go GoDaddy? Setup of GoDaddy Online Bookkeeping Related Products GoDaddy Online Bookkeeping takes the bulk of the work out of your hands. By connecting your accounts, GoDaddy Online Bookkeeping automatically updates and imports all your receipts, transactions, and invoices. This will allow …
Content QuickBooks Training class Boise Udemy‚ The Ultimate QuickBooks Pro Training Bundle – 65+ Hours QuickBooks Training class Knoxville QuickBooks Training class Hartford Tips & tricks to fix QuickBooks We demonstrate how to upload QuickBooks desktop files to its Online version and manage users as an administrator. We then study the scope of the ‘chart …
QuickBooks classes & certification at ONLC Training Centers Read More »
Content AccountingTools Normal Balance What are the 3 types of expenses? Chapter 2: The Accounting Cycle Understanding Normal Balance through Accounting Equations Whether the normal balance is a credit or a debit balance is determined by what increases that particular account’s balance has. As such, in a cash account, any debit will increase the cash …
Are accounts payable debit or credit? And what is its normal balance? Read More »
Content CUSTOMER SERVICE Alternative Revenue Recognition Methods A Small Business Guide to the Revenue Recognition Principle What does the revenue recognition principle mean for businesses? Cash Flow Statement Since you must provide services to these clients for an entire year and your income statements are drafted monthly, U.S. GAAP standards stipulate that you should move …
Revenue Recognition Principles, Criteria for Recognizing Revenues Read More »
Content Fair Value of Nonvested Shares Stock Based Compensation Navigating the accounting for share-based compensation by private companies Measurement November 2005: Standard & Poor’s Study on Impact of Expensing Stock Options Stock Based Compensation Conclusion The hypothetical shares repur-chased under the treasury stock method reduce the number of shares outstanding in the denominator of diluted …
FASB Simplifies Accounting for Non-employee Stock-based Compensation Read More »
