Although the statistical measure provides some useful insights regarding the regression model, the user should not rely only on the measure in the assessment of a statistical model. The figure...
Bookkeeping
By analyzing the calculation of net working capital change over time, you can identify trends in a company’s liquidity and efficiency. Working capital is the difference between a company’s current...
A grant (or cooperative agreement) awarded under a program where the authorizing statute requires the head of the agency or designee to make an award to each eligible entity under...
If a business estimates that an asset’s salvage value will be minimal at the end of its life, it can depreciate the asset to $0 with no salvage value. Discover...
If QuickBooks Self-Employed was made specifically for self-employed freelancers, why does it only get an honorable mention while QuickBooks Online makes our top five? FreshBooks’ $15 plan does several times...
1-800Accountant, founded in 1999, caters to business owners in Portland. Combining expert tax planning with technology, the firm helps clients focus on running their businesses while minimizing tax liabilities. It...
The next transaction figure of $300 is added on the credit side. The record is placed on the credit side of the Service Revenue T-account underneath the January 17 record....
Accrued expenses are https://www.bookstime.com/ recorded in the financial statements as a liability, and are recognized when the expense is incurred, not when payment is made. The main difference between accrual...
With that level of insight, you have a clear roadmap to start controlling expenses and driving greater efficiency. However, they are inflexible, can lead to misleading conclusions during variance analysis,...