You'll notice that modified cash basis accounting produces results that are more accurate and useful, without all the effort necessary for preparing accrual-based financial statements. If you are on a cash-basis, and you record your building (and oth... Read more
Free AccessFinancial Modeling ProUse the financial model to help everyone understand exactly where your cost and benefit figures come from. The model lets you answer "What If?" questions, easily and it is indispensable for professional risk analysis.... Read more
One of the most important lines in your financial statements is owner’s equity. A corporation is a legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. Corporations are allowed to enter i... Read more
Gains on these investments inflate assets and also lead to higher net income which carries over to the retained earnings portion of shareholders’ equity. While these investments are reported on the balance sheet and income statement, the method... Read more
This means the balance remains in the payor's account. If the payor doesn't keep track of his account, he may not realize the check hasn't been cashed. This may present the false notion that there is more money in the account available to be spent th... Read more
Whether the compensation was paid pursuant to a structured, formal, and consistently applied program. You could check out salary information for each role you fill and combine the rates. It’s easier to just look for the closest single role you ... Read more
We’ve seen it work for a national insurance company, which got immediate results by resisting the urge to cut costs and instead adding sellers to its highest-growth market. And we have also found a consistent pattern of profitable revenue gains... Read more
Bench gives you a dedicated bookkeeper supported by a team of knowledgeable small business experts. Your bookkeeping team imports bank statements, categorizes transactions, and prepares financial statements every month.There is no cap on the federal ... Read more
Where, again, text[/latex], text[/latex], and text[/latex] are the size of the payment, the interest rate, and the number of periods, respectively. Where m is the payment amount, r is the interest rate, n is the number of periods per year, and t is t... Read more
This model is a popular choice because it's affordable for all types of businesses and it has a transparent fee structure. On every sale, you'll know exactly how much the card network and your credit card processor charged. The typical credit card pr... Read more
