The fixed asset subledger provides valuable information about the fixed assets value, location, and depreciation of each asset. This information can be used by managers to make informed decisions about where to allocate resources and how to finance future capital expenditures. In addition, the subledger can be used…
Although Chromebooks is mainly targeted at those who enjoy being on the cloud, sometimes it sucks when you need software for a specific purpose. Most of the software developers do not develop software for Chromebook. The second part of this is the deducted cost of having to install…
The gambling institution is not required to issue a Form W2-G if you win less than $600. However, the IRS requires you to report all winnings, whether the place that you gambled reports them to the IRS or not. All gambling winnings are taxable whether you win enough…
For example, if you are paid double time and your regular hourly rate is $12.55/hour, the double-time rate would what is the overtime pay rate for 18 dollars an hour be $25.10/hour. If you are paid on an hourly or daily basis, the annual salary calculation does not…
Of course, if you freelance, you don’t need to worry about running payroll either now or in the future. But for small-business owners who want to eventually expand their businesses and hire an employee or two (or more), just know that Wave doesn't make it easy to add…
TurboTax offers year-round access to tax professionals capable of helping you answer simple and difficult tax questions alike. Being proactive and consulting with a CPA online can provide you with valuable advice — saving you time, stress, and money. Most people only think of hiring a CPA when…
If there are discrepancies, that means you’re missing important information for putting together the balance sheet. You can work through these steps to build your confidence and understanding for pulling together a basic balance sheet. Finally, unless he improves his debt-to-equity ratio, Bill’s brother Garth is the only…
As an investor, the issuance of new shares makes the shares you currently hold less valuable because, in virtually all cases, the stock price goes down. Net losses – When our salary decreases or even sometimes if it just stays the same, we may see our disposable income…
As you can see, the net profit has increased from $1.50 to $6.50 when the packets sold increased from 1000 to 2000. However, the contribution margin for selling 2000 packets of whole wheat bread would be as follows. Remember, that the contribution margin remains unchanged on a per-unit…
You’ll also want to have your financial records on hand in the event that you are audited by the IRS. To delve deeper into our best small business accounting software, we tested and used each platform to evaluate how the features perform against our metrics. This hands-on approach…