ContentWhat is a LIFO reserve?Calculating LIFO ReserveFIFO Method of InventoryThe time value of moneyWhy Would You Use LIFO? Time will tell whether LIFO will survive the convergence of American and international accounting standards. However, in the meantime, it’s important to understand this assumption in order to...
ContentDollar-Value LIFORecommended explanations on Business-studies TextbooksLIFO Reserve definitionLIFO effectLicenses and AttributionsWhy Would You Use LIFO? The reserve should be adjusted to reflect tax changes. As explained by the US GAAP, the LIFO Reserve’s purpose is to disclose financial information for fair representation of financial health. Professor...
ContentList all of your employees and hours workedHow Horizons Can Help You Hire Full-Time EmployeesWhat Is the Difference Between FTE and Headcount?Calculating FTE for the Small Business Tax CreditVideo: What is an FTE? Definition of FTEHow FTEs WorkSpend Minutes Tracking Hours. Use our employment calculator to...
ContentStay up to date on the latest accounting tips and trainingGross SalesDefinition of RevenueYou’re providing too many allowancesDiscounts To calculate gross revenue in a given period, add up the sales revenue generated in a month with the cash inflows from other company operations, such as royalties...
ContentEscrow Accounts are Trust AccountsWhat Escrow Accounts Don’t Cover?How does mortgage escrow work?Escrow Accounts For Taxes And InsuranceDo You Need An Escrow Account? Financial institutions or commercial banks in Thailand are the only institutions that can offer Escrow agent services. If your employment situation changes, the...
ContentAbout the Author: Corporate Attorney Michael J. Leonard, Esq.What are the taxes on Cryptocurrency in Thailand and do I need to pay tax?What should you not do during escrow?How to open an escrow accountHow Escrow Services Underpin Financial TransactionsIs Earnest Money Refundable? Securities that are direct...
ContentBONDS PAYABLE (INTERMEDIATE ACCOUNTING ...
ContentModule 12: Non-Current LiabilitiesWhat Is the Carrying Value of a Bond?Watch It: Bonds Issued at a DiscountFinancial StatementsFinancial PerformanceThe balance in an unamortized discount on bonds payable: a. would be added to the face amount of...
ContentWhy Use Outsourced Accounting For Your Startup?inDinero: Best for established startupsFive Reasons To Outsource Back-Office Accounting FunctionsConclusion- Does It Make Sense to Outsource Accounting for a StartupSigns of a Bad Bookkeeper A third party will handle all of your company’s time-consuming accounting procedures for a reduced...
ContentDoing Your Own BookkeepingProcess improvement:Benefits of Outsourcing Accounting for StartupsHow Good Outsourced Bookkeeping Pays For ItselfUnderstanding your startup's finances will boost your pitchesBudgeting and Future Cash Flow Planning An accountant should also be able to tell you the secret to their success. What key performance indicators...
