Bookkeeping

Fortunately, you don’t need an accounting background to be successful in real estate—but you should have a general understanding to help you make the best strategic decisions for your real estate business. Some investors use a filing cabinet to store real estate documents, others scan and upload paperwork to a public system like Google Drive. […]

Stockholders Equity provides highly useful information when analyzing financial statements. In events of liquidation, equity holders are last in line behind debt holders to receive any payments. If a company’s shareholder equity remains negative, it is considered to be balance sheet insolvency. An alternative calculation of company equity is the value of share capital and retained earnings less the

It’s vague but huge (relatively), but “hundreds and thousands of” is illogical and semantically untenable. Hundreds and thousands is an idiomatic expression used to mean “an indefinite but emphatically large number”. Although similar to and sometimes regarded as an error for “hundreds of thousands”, it is in fact not so definitely large. English Language Learners

TAS is an independent organization within the IRS that helps taxpayers and protects taxpayer rights. Their job is to ensure that every taxpayer is treated fairly and that you know and understand your rights under the Taxpayer Bill of Rights. The IRS is committed to serving our multilingual customers by offering OPI services. The OPI

Many business owners work with their accounting team to factor in costs and savings before ever pursuing debt. Some types of debts may not be worth the cost, while others may offer enough benefit to outweigh the costs. Hence, for our example, the average weighted interest rate with tax savings factored in is 8.3%. Like

Without context, a comparative point, knowledge of its previous cash balance, and an understanding of industry operating demands, knowing how much cash on hand a company has yields limited value. When analyzed over time or comparatively against competing companies, managers can better understand ways to improve the financial health of a company. A company usually

Accrued revenues are revenues that are earned in one accounting period, but cash is not received until another accounting period. Accrued expenses are expenses that have been incurred in one accounting period but won’t be paid until another accounting period. An adjusting entry to accrue expenses is necessary when there are unrecorded expenses and liabilities

We now return to our company example of Printing Plus, Lynn Sanders’ printing service company. We will analyze and record each of the transactions for her business and discuss how this impacts the financial statements. Some of the listed transactions have been ones we have seen throughout this chapter. The IRS considers all costs for

In this case, their broker can lend them the additional $300 through a margin account. A credit balance can be contrasted with a debit balance in a margin account. It may take time to build the habit of paying your credit card off in full each month, but it is the best way to positively

Open-source frameworks and developer resources have decreased prices for more simple apps, but complex projects, particularly those with emerging technologies like AI, still demand substantial investment. If an entity cannot distinguish the research phase of an internal project to create an intangible asset from the development phase, the entity treats the expenditure for that project