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...
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...
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...
Content How to Implement Shopify Accounting Guru How Do I Know Which Shopify Accounting Method is Right for Me? Pros and Cons of Cash-Deposit Accounting on Shopify Providing Ongoing Bookkeeping Support Use a System...
The types of accounts to which this rule applies are liabilities, revenues, and equity. If a company renders a service and gives the customer/client 30 days to pay, the company’s Accounts Receivable and Service...
Bank overdrafts are disclosed on the balance sheet within creditors due within one year. Assets are broken out into current assets (those likely to be converted into cash within one year) and non-current assets...
Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more. Here are examples of net...
Hiring an ecommerce accountant can be a large expense for an ecommerce business – and one that should take careful consideration. After all, you want to make sure the investment will be worthwhile. While...
Don’t forget to include any applicable sales tax to determine the final amount of money due. By being aware of potential errors and knowing how to correct them, you’ll maintain accurate records and minimize...