التصنيف: Bookkeeping

  • What Is Depreciation and How Is it Calculated?

    In managerial and cost accounting, period costs refer to costs that are not tied to or related to the production of inventory. Examples include selling, general and administrative (SG&A) expenses, marketing expenses, CEO salary, and rent expense relating to a corporate office. The costs are not related to the production of inventory and are therefore…

  • Amortized Loan: What It Is, How It Works, Loan Types, Example

    Concerning a loan, amortization focuses on spreading out loan payments over time. With a longer amortization period, your monthly payment will be lower, since there’s more time to repay. The downside is that you’ll spend more on interest and will need more time to reduce the principal balance, so you will build equity in your…

  • Free Financial Projection and Forecasting Templates

    These models take a lot of time to build and are highly personalized, so it really is best to consult with a professional. If you’re planning on raising $3M+ you should come prepared with well thought out financial projections. Solid startup financial projections that convey the assumptions and that builds excitement in the business is…

  • Bookkeeping Basics for the Small Business Owner

    The debited account is the one that receives or loses value, and the credited account is the one that gives or gains value. The golden rules of accounting can help ensure that your bookkeeping is accurate and up-to-date. By keeping track of every dollar you spend, you can gain insight into where your money is going and…

  • New York Tax Tables 2023 Tax Rates and Thresholds in New York

    You will also find guidelines for calculating your income tax based on the top bracket that applies to you. New York’s millionaires represent about 0.8% of all taxpayers but paid nearly half (48.5%) of all personal income tax in 2021, according to the Department of Taxation and Finance. Biden has called for several proposals to…

  • What is Gross Income? Definition, Formula, Calculation, and Example

    Remember, your taxable income is your gross pay minus any pre-tax deductions. Apple’s consolidated statement of operations reported total net sales of $89.5 billion for the three-month period ending September 2023. The company spent $42.59 billion to generate those products and spent an additional $6.49 billion on services also as part of its cost of…

  • What is Gross Income? Definition, Formula, Calculation, and Example

    Remember, your taxable income is your gross pay minus any pre-tax deductions. Apple’s consolidated statement of operations reported total net sales of $89.5 billion for the three-month period ending September 2023. The company spent $42.59 billion to generate those products and spent an additional $6.49 billion on services also as part of its cost of…

  • Managerial Accounting vs Financial Accounting: What’s the Difference?

    The positive or negative deviations from a budget also referred to as budget-to-actual variances, are analyzed in order to make appropriate changes going forward. Because management accounting is not meant for use by third parties, it may be adapted to better serve the requirements of those who are supposed to be using it. This may…