They will also help you with ongoing, basic bookkeeping and QuickBooks questions, like how to use QuickBooks’ reporting features, assistance with bank connections, and setting up customers and vendors. Your QuickBooks Live Bookkeeper will not send invoices, pay bills, manage your inventory, or provide tax or financial advisory services. Bench Accounting is an online bookkeeping […]

The cost of accepting purchase discounts should be weighed against the cost of alternative methods of financing. A call option is a contract enabling one to buy a specific number of shares of a company at a specific price and time. For example, one might buy an option to purchase 100 shares of IBM at […]

Accountants’ rates vary based on their education, licenses, experience, and the work for which they are being hired. An accountant may charge an hourly rate when a company or individual needs their services on a short-term basis, such as when performing an audit or requesting assistance setting up a financial database or process. Hourly rates […]

Let us take an arbitrary example of company A to find out how to calculate the number of outstanding shares of the company. We will also try to understand what authorized shares, issued shares, and treasury stocks mean. For example, suppose the number of authorized shares for a company is 5000 shares. The common stock on […]

You may need to have your accountant help you with this type of transaction. Accruals stand for revenues and expenses not yet received or paid, nor recorded in an accounting transaction. A fixed asset is a tangible/physical item owned by a business that is relatively expensive and has a permanent or long life—more than one […]

Because preferred shares are often compared with bonds and other debt instruments, let’s look at their similarities and differences. The payout ratio for the preferred dividends isn’t the only important metric. I would obviously also like the balance sheet to remain sufficiently strong to avoid capital losses. As you can see below, the total amount […]

Therefore, the monthly charge of insurance for Abdul Co. amounts to $200. This implies that only the current charge is going to be recorded as an expense in the Income Statement. Anything that is owed by, or owed to the organization is subsequently declared in the Balance Sheet. For example, because of recent legal issues, […]

Wave Payroll has two options ranging from $20 – $40/month + $6/employee or contractor. Tax service payroll is available in 14 states, while self-service payroll is available in the remaining 36 states. NerdWallet independently reviews accounting software products before determining our top picks. We collect the data for our software ratings from products’ public-facing websites […]

Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Use the money in a way that benefits your long-term financial horizon rather than splurging on things that don’t add real value to your life. Official websites https://www.bookstime.com/ use .gov A .gov website belongs to an official government organization in the United […]

When we try to go deep into this area, various new concepts come to mind, and we are not very familiar with those concepts. Stock splits and stock dividends are also two of those topics in which we are often confused. The stock market is one of the most complex places in the economy. So […]