Many overseas governments are either encouraging their cannabis industries or at least not impeding them. While the US market may have the highest upside, its international counterparts, for both medical and recreational use, are...
No, land is not a depreciable property and cannot be depreciated as it is considered to last forever and not have a useful life. It is one of the few assets that cannot be...
At the end of the accounting year the balances will be transferred to the owner’s capital account or to a corporation’s retained earnings account. The exceptions to this rule are the accounts Sales Returns,...
It’s similar to financial accounting, but this time, it’s reserved for internal use, and financial statements are made more frequently to evaluate and interpret financial performance. An accountant is a professional with a bachelor’s...
Have an eye on the big picture so you can make better business decisions. Our robust small business accounting reports are easy to use and show month-to-month or year-to-year comparisons so you can easily...
Generally, you cannot claim a section 179 deduction based on the cost of property you lease to someone else. However, you can claim a section 179 deduction for the cost of the following property....
All of the credit at SimplyCashAdvance is based on the FICO® Score 8, which is one of the many different forms of credit scores available. When a lender considers your loan application, they would...
Its calculation would cover things like bonuses, overtime, and commission while also covering allocations like unpaid leave and contributions towards retirement funds. However, we need to remember some circumstances where that may not be...
Closing entries, on the other hand, are entries that close temporary ledger accounts and transfer their balances to permanent accounts. The purpose of closing entries is to merge your accounts so you can determine...
Content What is a cash debt coverage ratio? The media panic around “male loneliness” is driven by cherry-picked statistics and sexism. Now, that’s sad. Accountant credentials Join the Bonfire Field Guide How Financial and...