Category: Bookkeeping

These days, filing your taxes is easier than ever, especially since you can meet with a TurboTax Live tax expert — but there are still documents to gather for tax prep. For example, if your AGI is $50,000, the first $3,750 of qualified expenses (7.5% of $50,000) don’t count. If you had $5,000 of unreimbursed…

The income statement depreciation expense is the amount of depreciation expensed for the period indicated on the income statement. While a variety of policies or rules may define the useful life of a long-term asset owned by an entity, the useful life is considered to be an estimate. what is a contra expense account Entities…

To illustrate the meaning of net, assume that Gem Merchandise Co. sells $1,000 of goods to a customer. Upon receiving the goods the customer finds that $100 of the goods are not acceptable. This means that Gem’s net sale ends up being $900; the customer’s net purchase will also be $900 ($1,000 minus the $100…

Mimecast intends all such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties…

The company would try to determine as accurately as possible what its marketable assets are worth. In comparison, if the bond is actively traded on public markets, the mark-to-market value would simply be the current trading price of the bond today. This reflects the bond’s true market value based on supply and demand – not…

Flexible scheduling options allow you to balance your personal life with your career goals. • Conducting regular billing processes and ensuring accuracy of the general ledger. • Prepare and send out rent bills on a monthly basis and issue notices to tenants for late payments. Whether you’re a seasoned professional looking to scale back or…