Examples of the kind of assets that impact this kind of amortization are goodwill, a patent or copyright. Depreciation is used to spread the cost of long-term assets out over their lifespans. Like amortization, you can write off an expense over a lon... Read more
Both suppliers and vendors supply goods and services to a company, but there are minute details that make each one a stand-alone term. Between the moment a product is made and when a customer buys it, the product travels through people and businesses... Read more
This allows organizations to identify errors, mistakes and pitfalls which can be remedied quickly and prevent larger issues in the future. The variance explanations should be as detailed as possible. Suitable explanations will provide details of WHY ... Read more
TheBlackLine Account Reconciliations product, a full account reconciliation solution, has a prepaid amortization template to automate the process of accounting for prepaid expenses. It stores a schedule of payments for amortizable items and establish... Read more
When a project has been proposed, it must first go through a preliminary analysis in order to determine whether or not it has a positive net present value using the MARR as the discount rate. The MARR is the target rate for evaluation of the project ... Read more
So, as an employer, how do you know what counts as reportable fringe benefits? The value of a fringe benefit is subject to federal income tax, Social Security tax, Medicare tax, and FUTA, and the value must be included in Boxes 1, 3 and 5 of Form W-2... Read more
Securities trading is offered through Robinhood Financial LLC. Harold Averkamp has worked as a university accounting instructor, accountant, and consultant for more than 25 years.... Read more
A fiscal year is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many jurisdictions require company financial reports to be... Read more
A creditor is an entity or person that lends money or extends credit to another party. A debtor is an entity or person that owes money to another party. Thus, there is a creditor and a debtor in every lending arrangement. The relationship between a d... Read more
A capital account reflects an owner's initial investment into their company. You can present this information to the bank by providing a bank statement or balance sheet, and if granted a loan, you can record any bank loans in their section of your ba... Read more
