Small Business Bookkeeping And How It Supports Your Business Success

With accurate, reliable books, you can make informed decisions that will positively impact your company’s bottom line. However, if there is even the slightest mistake in the bookkeeping, it can lead to catastrophic consequences down the road. That’s why it’s essential to invest in a good bookkeeper who understands the complexities of bookkeeping. With meaningful […]

prepaid rent definition and meaning

Visual Lease Blogs – read about the best lease administration software, lease management solutions, commercial lease accounting software & IFRS 16 introduction. The landlord requires that Company A pays the annual amount ($120,000) upfront at the beginning of the year. If you have a rental profit, you may be subject to the net investment income […]

QuickBooks Online Accountant, Grow Your Accounting Practice Intuit

You can also edit transactions and items by quickly using the search functionality, rather than manually scrolling to find them like before. Your accountant sets a due date for the request and specifies what they need. You can’t directly edit these requests, but you can view and respond to them with comments and documents. Your […]

What are retained earnings in accounting? Sage Advice United Kingdom

In fact, both management and the investors would want to retain earnings if they are aware that the company has profitable investment opportunities. And, retaining profits would result in higher returns as compared to dividend payouts. However, management on the other hand prefers to reinvest surplus earnings in the business. This is because reinvestment of […]

Is Prepaid Rent a Current Asset? Is It Debit or Credit

Another mistake is recording prepaid expenses as expenses when they should be recorded as assets. It’s also important to ensure that the expense is recognized in the correct period, as recording it in the wrong period can skew financial statements. As the goods or services are utilized over time, the prepaid expense asset account is […]

Independent Trucking Company Services

With ATBS’ bookkeeping and tax preparation services, you can streamline your back-office processes and invest in the future of your business, saving you both time and money. We provide reliable and efficient Trucking accounting services. Our team caters to all your specific needs, whether you own a fleet or run your office from the truck. […]

EBITDA vs Free Cash Flow: Understanding the Differences

FCF gets its name from the fact that it’s the amount of cash flow “free” (available) for discretionary spending by management/shareholders. For example, even though a company has operating cash flow of $50 million, it still has to invest $10million every year in maintaining its capital assets. For this reason, unless managers/investors want the business […]

IRS Releases 2020 Tax Rate Tables, Standard Deduction Amounts And More

You’re able to see if your return has been received and approved in the app, and if a refund has been sent. The United States Annual Tax Calculator for 2020 can be used within the content as you see it, alternatively, you can use the full page view. This is handy if you are flicking […]