Content Research and Sponsored Programs Policies and Resources Affecting the Determination of Indirect Costs Tip: How to Distinguish Direct Costs from Indirect Costs? Total Direct Cost Base and Total Costs: Typically Non-Federal Overhead Costs Indirect cost examples Accounting: What Are Direct & Indirect Costs in Financial Statements? Processing IDC Rate Changes Unlike indirect costs, you […]

Content Refunds How to Change/Update Your Address With the IRS Your Request Originates from an Undeclared Automated Tool Free Live Chat & Email Support For Your Online Tax Return If you don’t let the IRS know that you moved, it sends all correspondence to your last known address, the one listed on your most recent […]

Before you can understand how to calculate and use the accounts payable turnover ratio, you must first understand what the accounts payable turnover ratio is. In short, accounts net profit before interest and tax payable (AP) represent the money you owe to vendors or suppliers. Accounts payable appears on your business’s balance sheet as a […]

Using the furniture example, we can see the journal entry the business would use to record each year of depreciation. “Cost of the asset” refers to the amount you paid to purchase the asset. “Salvage value” is the cash you receive when you sell the asset at the end of its useful life. In the […]

Results are typically sorted by zip code, so if you live in a small town you may need to adjust your search radius to see more possible CPAs. PBO has offices located in San Diego and Phoenix and serve clients throughout the Pacific Southwest. They help to ensure that your hard-earned assets are shielded in […]

Second, that asset could reach the end of its useful life—then it is no longer is being depreciated. This formula is best for production-focused businesses with asset output that fluctuates due to demand. This is the simplest and most straightforward method of depreciation. Accumulated Depreciation, Carrying Value, and Salvage Value Your depreciation deduction for each […]

It can be sold at a later date to raise cash or reserved to repel a hostile takeover. Some liabilities are considered off the balance sheet, meaning they do not appear on the balance sheet. Balance sheets should also be compared with those of other businesses in the same industry since different industries have unique […]

This certificate is ideal for small business owners, those currently working in QuickBooks or those looking to go into the bookkeeping field. It is possible to take and pass the exam before you have obtained your 2 years of experience. According to the Bureau of Labor Statistics, there are a lot of jobs for bookkeepers, […]

When a specific bad debt is identified, the allowance for doubtful accounts is debited (which reduces the reserve) and the accounts receivable account is credited (which reduces the receivable asset). Financial forecasting is predicting a company’s financial future by examining historical performance data, such as revenue, cash flow, expenses, or sales. This involves guesswork and […]

Content Add Up The Company’s Current Assets Working Capital Formula Refinance debt Why should a business calculate change in net working capital? How do you calculate net working capital? Negative Net Working Capital Knowing the difference between working capital and non-cash working capital is key to understanding the health of your cash flow and the […]