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Bookkeeping

Organico / Bookkeeping

Stocks May Be Booming but Dont Forget Cash and Bonds The New York Times

And while bonds have been especially volatile of late, there are signs that these swings are peaking. Higher yields have also reduced the duration risk (the risk that a bond’s price will fall as rates climb) for fixed-income assets at the same time that economic growth is becoming more of a concern. That all suggests that risks are piling up for the equity market next year while bonds might become less risky. Bonds are more reliable than they were last year because yields are already high. Most investors...

Salary vs Hourly Pay: Whats the Difference?

In the UK, whether salaried personnel is paid for overtime for extra work done depends on their employment contract and any agreements the employer might have with a trade union. Salaries are calculated annually, divided by twelve, and paid out each month. In some countries people are paid double in December, in such cases their annual salary is divided by thirteen, with two months’ pay included in their December paycheck. Also deducted from your paychecks are any pre-tax retirement contributions you make. These are contributions that you...

Predetermined overhead rate definition

For example, the cost of Job 2B47 at Yost Precision Machining would not be known until the end of the year, even though the job will be completed and shipped to the customer in March. For these reasons, most companies use predetermined overhead rates rather than actual overhead rates in their cost accounting systems. The predetermined overhead rate is set at the beginning of the year and is calculated as the estimated (budgeted) overhead costs for the year divided by the estimated (budgeted) level of activity for...

An Accounting Degree Doesnt Always Mean Becoming An Accountant

BIDaWIZ offers work-from-home opportunities to people with experience in accounting, auditing, bookkeeping, tax managing, and more. Basically, clients can go on and get one-time accounting questions from experts or outsource all their bookkeeping or accounting to a BIDaWIZ member. You can log in from anywhere at any time to help manage your clients’ books or answer questions. After a certain period, typically a month, each column in each journal is totalled to give a summary for that period. LOC Bookkeeping Business themountainpress.com - The Mountain PressLOC...

7 reasons why you need to outsource invoicing services

Payment processing can be complex, and experienced companies can ensure that every single correct action is taken. Through The Remote Group, businesses can gain access to a diverse pool of talents well-versed in billing and collections. These seasoned experts are familiar with the relevant regulations in multiple countries. The company handles everything from recruitment to onboarding, helping clients save as much as 70% on costs. Small businesses benefit from the significant cost savings they gain from outsourcing. They get access to technologies that otherwise can be too...

11 Biggest Progressive Tax Pros and Cons

A regressive tax is the opposite of a progressive tax because you pay a higher tax rate as your income decreases. Those who oppose a progressive tax hierarchy are likely to be those who pay more taxes when such a policy is in place. A progressive tax policy requires individuals with higher incomes and wealth to pay taxes at https://business-accounting.net/bookkeeping-for-attorneys/ a rate that is higher than those with lower incomes. It is fair to say that those who are wealthier and with higher incomes oppose such a...

Debt to Asset Ratio Formula, Example, Analysis Guide

This measure takes into account both long-term debts, such as mortgages and securities, and current or short-term debts such as rent, utilities, and loans maturing in less than 12 months. The long-term debt-to-total-assets ratio is a measurement representing the percentage of a corporation's assets financed with long-term debt, which encompasses loans or other debt obligations lasting more than one year. This ratio provides a general measure of the long-term financial position of a company, including its ability to meet its financial obligations for outstanding loans. The total-debt-to-total-assets...

Debt to Asset Ratio: Definition & Formula

The total-debt-to-total-assets ratio compares the total amount of liabilities of a company to all of its assets. The ratio is used to measure how leveraged the company is, as higher ratios indicate more debt is used as opposed to equity capital. To gain the best insight into the total-debt-to-total-assets ratio, it's often best to compare the findings of a single company over time or compare the ratios of different companies. Total Debt to Asset Ratio, also known as Debt Ratio, is a financial measure of a company’s...

Is Interest Payable a Current Liability?

The remaining $82,000 is considered a long-term liability and will be paid over its remaining life. An account payable is usually a less formal arrangement than a promissory note for a current note payable. For now, know that for some debt, including short-term or current, a formal contract might be created. Next month, interest expense is computed using the new principal balance outstanding of $9,625. This means $24.06 of the $400 payment applies to interest, and the remaining $375.94 ($400 – $24.06) is applied to the outstanding principal...

Do Dividends Go On the Income Statement?

Specialties include general financial planning, career development, lending, retirement, tax preparation, and credit. Therefore, they do not meet the requirement to categorize in this class. For other business structures, owners can withdraw profits through drawings. The process involves the owner taking resources from the business directly. Either way, companies use these returns to attract more customers and make investments favorable. The AI-powered combination of 1040SCAN, SPbinder, and TaxCaddy integrate with your existing tax software to automate each phase of the tax prep process. Additionally, taxpayers with significant foreign...