Corporate bonds are financial instruments that work like an IOU. First, you give the company that issued it the face value of the bond. Then, you receive it with a maturity date and a guarantee of payback at the face value (or par value). Some investors avoid premium bonds because they feel they are overpaying …
Category Archives: Bookkeeping
Quickbooks Review Updated 2023 UK Accounting Software
Like a recurring check for rent, a bill for utilities or a sales receipt for a monthly customer payment. This QuickBooks definition is an acronym for QuickBooks Online Accountant. Really, QBOA is a QBO Plus file with an accountant skin wrapped around it. Small business owners do not use QBOA, as that is really for …
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Avoiding the Cash Trap
Cash trap refers to a situation in which a company experiences a significant slowdown in its cash flow, leading to restricted liquidity and financial flexibility. This occurs when a substantial portion of a company’s financial resources becomes tied up in non-liquid assets, such as inventory, accounts receivable, or long-term investments. Consequently, the company faces challenges …
Bookkeeping Basics
You use this to calculate the COGS, and you subtract it from sales to determine the company’s gross profit. IFRS is a standards-based approach that is used internationally, while GAAP is a rules-based system used primarily in the U.S. IFRS is seen as a more dynamic platform that is regularly being revised in response to …
Outsource Tax Preparation Services
In-practice accountants also have to spend time in administrative work for setting up new clients, including client training and setting up account-indexing documents. Outsourcing gradually reduces the amount of work spent on these administrative tasks, which ultimately results in lesser costs and higher operational efficiency. If you hire unskilled or non experienced professional to fill …
The Complete Guide to Bookkeeping Services for Franchises
This means continuously reviewing and optimizing your bookkeeping processes to ensure maximum efficiency and cost-effectiveness. Consistent financial reporting across all your locations is essential to maintain brand integrity and ensure the stability of the franchise as a whole. This requires a level of coordination and standardization that goes above and beyond what’s needed in regular …
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What Is Treasury Stock? Definition & Use On Balance Sheets
If the company’s share price has fallen in recent periods, a buyback can signal to the market that the stocks are potentially undervalued and therefore raise share prices. Company A then decides to buy back 10 million shares, which are now treasury stock. To reduce its supply of outstanding stock, a company may make a …
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Credit Memo: A Complete Guide to Credit Memorandums
For example, it can help resolve conflicts between the buyer and seller regarding paying or highlight one’s compliance with accounting principles. Assume that SellerCorp had issued a sales invoice for $800 for 100 units of product that it shipped to BuyerCo at a price of $8 each. BuyerCo informs SellerCorp that one of the units …
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Form 990s and more: a quick tax guide for small nonprofits
If certain excise, income, social security, and Medicare taxes that must be collected or withheld aren’t collected or withheld, or these taxes aren’t paid to the IRS, the trust fund recovery penalty can apply. The trust fund recovery penalty can be imposed on all persons (including volunteers) who the IRS determines were responsible for collecting, …
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Tether Q3 Attestation Reveals Highest Percentage of Cash & Cash Equivalent Reserves, Over $330M Reduction in Secured Loans and Maintains $72 6B exposure in US T-Bills Oct 31 2023
In addition, cash equivalents allow companies to earn some amount of interest as they plan how to use their money in the long-term. A certificate of deposit is a type of savings account with a financial institution. It represents business email compromise a certain amount of a saver’s capital that can’t be accessed by the …
