Bookkeeping

Paying off short-term debt is important because it can help you avoid high-interest rates and late fees. An overdue invoice is a bill that has not been paid within the agreed-upon timeframe. An invoice can become overdue because a company forgets to make the payment or can’t afford to cover … Read more

Accountants record and analyze these transactions to generate an overall picture of their employer’s financial health. Accounting is the process of tracking and recording financial activity. People and businesses use the principles of accounting to assess their financial health and performance. Accounting also serves as a useful way for people … Read more

There are lots of services that can help with this, and many accounting software options offer payroll as a feature. With many paid and free accounting software options out there, you’re sure to find a bookkeeping solution that will suit your business needs. Start by opening up a checking account, … Read more

If the corporation owns more than 20% of the dividend payer, it can deduct 65%. In this article, we look at preferred shares and compare them to some better-known investment vehicles. With cumulative dividends, the company might pay the dividend at a later date if it can’t make dividend payments … Read more

Certain tax-exempt organizations may be subject to an excise tax on excess executive compensation. For more information, see the Instructions for Form 4720. An independent contractor often has a significant investment in the facilities or tools they use in performing services for someone else. However, a significant investment isn’t necessary … Read more

Let’s understand how to calculate the Changes in the Net Working Capital with the help of an example. Therefore, let’s understand why it is important to have adequate Net Working Capital. This is typically the case with the manufacturing units and certain wholesaling and retailing sectors. Therefore, financial managers must … Read more