Bookkeeping

Available in both digital and print versions, CPA Practice Advisor is one of the most popular technology and practice management resource for accounting and tax professionals. From payroll, tax, [...]

So we’re still going to multiply the principal, $2000 times the interest rate 8% which is 0.08, but now we’re going to multiply by the time factor. We still don’t get a whole [...]

While some people use the term earnings interchangeably to describe any of these functions, it’s more common to determine profit by considering these three factors individually. Accumulated [...]

Once again, if your return truly is simple, this may not be necessary. But if you run into a situation you’re not sure about, or an unexpected complication, having a live preparation option will [...]

Like indirect costs, overhead costs will need to be allocated regularly in order to determine actual product cost. Business owners use cost allocation to assign costs to specific cost objects. [...]

Well, in a gist, GPA matters regardless of the major you are studying for. But when it comes to accounting, typically, a GPA of 2.0 or higher is required to be eligible to graduate. Hence, [...]

Instead, purchase discounts involve lower payments before a specific date. Purchase returns lessen the total purchase amount and have a credit balance. They can either credit the inventory [...]

In addition to analyzing financial records, forensic accountants often interview employees, executives, or other stakeholders to gather evidence. These interviews can help uncover hidden [...]

After the final year of an asset’s life, no depreciation is charged even if the asset remains unsold unless the estimated useful life is revised. After the first year, we apply the depreciation [...]