Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life and is used to account for declines in value over time. One method accountants use to determine this amount is the straight line basis method. It is calculated by dividing the difference between an asset’s cost and its […]
The statement of retained earnings can either be created as a standalone document or as an addition to another financial statement such as the balance sheet. If your company is very small, chances are your accountant or bookkeeper may not prepare a statement of retained earnings unless you specifically ask for it. However, it can […]
If you’d prefer to test out the software before you commit, you also have the option for a 30-day free trial. Keep in mind, though, if you opt for the free trial you will not be able to take advantage of the three-month discount. However, QuickBooks often offers limited-time discounts for their software, so you’ll […]
She has more than ten years of professional experience in public accounting fields and a bachelor’s degree in Business Accounting. Anna is the founder and CEO of Taxory, an accounting firm located in Ontario, Canada. Click +Add more info if you’d like to add additional details now, such as a business address and phone number. […]
QuickBooks requires a persistent internet connection (a high-speed connection is recommended) and a computer with a supported Internet browser or a mobile phone with a supported operating system . With real-time data and reports, you and your clients can quickly see how much they’re earning, and where to invest their time. QuickBooks Online …
More recently, in Statement no. 130, Reporting Comprehensive Income, it moved closer to the all-inclusive income determination method. This article explains this and other important aspects of Statement no. 130 and offers implementation guidance companies can use as they begin to comply with the statement. To determine your business’s net …