The best property management software maximizes efficiency, convenience and ROI for property managers, occupants and investors. Yardi software produces these outcomes by automating business processes, consolidating data and enabling execution of all operations from a single platform. You can work more efficiently and make informed…
Bookkeeping
Book value is calculated on property assets that can be depreciated. Depreciable assets have lasting value, and they include items such as furniture, equipment, buildings, and other personal property. The formula you use depends on whether you are trying to find an asset’s carrying value or your…
You will likely have to go through extensive paperwork to properly determine and document the details of the organization and its ownership. A company does not need to be incorporated to operate a business. Business owners may elect to operate https://www.bookstime.com/articles/accounting-for-lease-termination as a sole proprietorship,…
The below example breaks down different types of expenses, which makes it easier to track spending by category. The realm of advanced bookkeeping incorporates refined techniques that optimize financial tracking and assessment. Mastering these concepts ensures that companies wield robust tools for strategic decision-making and…
As the name implies, calculating Full Time Equivalent involves converting the working hours of part-time or temporary employees into the equivalent of a full-time position. This calculation is necessary for accurate HR budgeting, resource allocation, and workforce planning purposes. By fte meaning understanding the FTE…
Bookkeeping is a crucial function of accounting, and earning a bookkeeping certification is a great way to show employers your expertise. While a certificate is not a requirement to become a bookkeeper, some professionals pursue certification to show their skills to employers and stand out…
As a refresher, this “drop-shipment” relationship occurs when your vendor ships the product directly to your customer and bills your company for the purchase you made from them. In a traditional drop-shipment transaction, two separate sales occur simultaneously at the point the goods are delivered…
Compared to the other three methods, straight line depreciation is by far the simplest. This approach calculates depreciation as a percentage and then depreciates the asset at twice the percentage rate. According to the straight-line method of depreciation, your wood chipper will depreciate $2,400 every…
The business needs to identify the reasons for the discrepancy and reconcile the differences. This is done to confirm every item is accounted for and the ending balances match. Businesses maintain a cash book to record both bank transactions as well as cash transactions. The…
However, a break-even analysis demonstrates the production or sales volume required to generate profits. This way you can evaluate whether it’s feasible or not to launch the product. It’s also important to keep in mind that all of these models reflect non-cash expense like depreciation….
