Their small office is mortgaged and the owner writes off the cost of interest on their mortgage as well as real estate taxes and the cost to repair damage to the office. The clinic has a line of credit that was used in an emergency to pay employee salaries and it deducts the interest on […]
Kategori: Bookkeeping
If either sales or COGS is unavailable, the “days” metrics cannot be calculated. When this happens, it may be easier to calculate accounts receivables, inventory, and accounts payables by analyzing the past trend and estimating a future value. Create subtotals for total non-cash current assets and total non-debt current liabilities. Subtract the latter from the former […]
We interpret the coefficient of multiple determination in the same way that we interpret the coefficient of determination for simple linear regression. The coefficient of determination is a statistical measurement that examines how differences in one variable can be explained by the difference in a second variable when predicting the outcome of a given event. […]
We believe this type of work environment increases productivity, encourages flexibility and most importantly, keeps costs down in general so that we can give our clients an affordable option to reign in their finances. Bookkeeping is the last thing you want to lose sleep over. With easie bookkeeping you can count on your financials being […]
Its the total of all 1099 forms you receive for your services, plus any income you receive that was not reported on a 1099. Like gross income from an hourly or salaried position, self-employment gross income is the starting point when youre doing your taxes. Its not what you actually made because your expenses haven’t […]
Knowing how much your company will owe over a bond’s lifetime can give you a better sense of the true cost of debt. Our hypothetical company’s annual interest expense is forecasted as $990k in https://www.online-accounting.net/ 2022, followed by an interest expense of $970k in 2023. The $19.6 million ending balance becomes the beginning balance for […]
The application of the Fisher equation proves that monetary policy can move nominal interest rates and inflation in the same direction. One of the key distinctions between nominal and real interest rates is how much you pay to borrow versus purchasing power. Low nominal rates encourage consumers to take on more debt and increase their […]
Based in Milwaukee and Madison, Giersch also offers in-person consultations for Wisconsin-based trucking companies. Although many of these tasks can be performed manually, you can save yourself a lot of time and avoid stress by using trucking management software to help with your bookkeeping needs. Also, having a bookkeeper who prepares taxes makes it easier […]