Bookkeeping

This estimate is a more appropriate measure than pretax income or gross income because after-tax cash flows are what the entity has available for consumption. Colorado residents who work in another state should be aware of the credit for tax paid to another state. If you…

Every business owner knows how important it is to stay on top of their bills. But making timely payments to your vendors and suppliers can be challenging. With so much on your plate, it can be tough to manage who you owe, how much you…

You need to know what date or period of time the financial statements cover. This information is particularly critical when you start balance sheets for dummies comparing results among companies. You don’t want to compare the 2012 results of one firm with the 2011 results…

After all, REIT stock prices remain highly (inversely) correlated to longer-term rates, as the chart below shows (as of Dec. 29, 2023). REITs have learned from the Great Financial Recession and taken care of debt, even when rates were low, which usually stimulates companies to…

It includes key accounting features, such as bank reconciliation, accounts payable (A/P), accounts receivable (A/R), inventory, and sales tax management. QuickBooks Desktop Pro Plus is ideal for small businesses that need robust, locally installed accounting software for up to three users. An upgraded plan that…

Now we can calculate the Average collection period for Jagriti Group of Companies using the formula below. Now, we’ll extend the assumptions until we reach a revenue balance of accounts receivable collection period formula $350 million by the end of Year 5 and a DSO…