Category: Bookkeeping

  • A Small Business Guide to Trade Receivables

    However, you also need to establish a collection plan that can include follow-up invoicing, past due notices, or phone calls for those that don’t respond to your gentle reminder. While these amounts are owed to your business, they are not part of the course of doing business. Deriving from the term ‘remit’ (meaning “to send…

  • Why Companies Use Marketable Securities as Investments

    Bonds, treasury bills, and other types of debt instruments have highly liquid secondary markets where companies can quickly buy and sell their debt instruments. Marketable debt securities are also short-term investments that a company usually plans to sell or redeem within a year. They are bonds bought from another company that are available to be…

  • What is the difference between period costs and product costs?

    As an owner, you rely on their accuracy to make key management decisions. This can be particularly important for small business owners, who have less room for error. If product and four categories of income are are overstated or understated, or not recorded at all, your financial statements will be wrong as well. When preparing…

  • Finance & Accounting Internships Remote Summer 2024 Atlanta, GA Jobs at The Home Depot

    In order to get a job at Intuit, simply search the job for your preferred position and apply online. However, they usually have open positions for accountants. The hours, the time we come in, the time we get off. I still have time to do things in the afternoon and in today’s economy, you want…

  • The Definitive Step-By-Step Guide to Mental Health Billing

    Make sure you’re filing claims to the right place, with the right information. To find out if authorization is required, you’ll need to perform an eligibility and benefits verification on the client’s insurance plan. We provide this service for free as part of our mental health billing service. For insurance reimbursement, the billing process also…

  • Depreciation Expense vs Accumulated Depreciation: What’s the Difference?

    The two most common ways to determine the depreciation are straight-line and accelerated methods. Instead of recording an asset’s entire expense when it’s first bought, depreciation distributes the expense over multiple years. Depreciation quantifies the declining value of a business asset, based on its useful life, and balances out the revenue it’s helped to produce.…

  • Depreciation Expense vs Accumulated Depreciation: What’s the Difference?

    Accumulated depreciation can be useful to calculate the age of a company’s asset base, but it is not often disclosed clearly on the financial statements. It is accounted for when companies record the loss in value of their fixed assets through depreciation. Physical assets, such as machines, equipment, or vehicles, degrade over time and reduce…

  • What is a Normal Balance in Accounting?

    Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew…

  • Profit vs Cash Difference, Types, Example, Importance

    There are variations of profit on the income statement that are used to analyze the performance of a company. For instance, the term profit may emerge in the context of gross profit and operating profit. Information about a company’s profits is typically communicated in its income statement, also known as a profit and loss statement…

  • Book Value vs Market Value: What’s the Difference?

    If you are going to invest based on book value, you have to find out the real state of those assets. That said, looking deeper into book value will give you a better understanding of the company. In some cases, a company will use excess earnings to update equipment rather than pay out dividends or…