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  • Is Depreciation Expense Debit or Credit?

    A commonly practiced strategy for depreciating an asset is to recognize a half year of depreciation in the year an asset is acquired and a half year of depreciation in the last year of an asset’s useful life. This strategy is employed to fairly allocate depreciation expense and accumulated depreciation in years when an asset…

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  • Restricted cash definition

    John, a junior analyst, has been instructed by the head of equity research to conduct liquidity analysis of a company. More specifically, he has been asked to determine the current ratio of a company to see if it has enough cash to pay off its short-term obligations. Recall that the quick ratio is calculated as…

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  • What Changes in Working Capital Impact Cash Flow?

    The accounts receivable to sales ratio is a metric that measures the rate at which your business is selling its invoices to customers. This ratio gives you an idea of how quickly your company converts invoice sales into cash in hand, and it can also give you insight into what might be slowing down that…

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  • 5 5 The Statement of Cash Flows Principles of Finance

    One was an increase of $700 in prepaid insurance, and the other was an increase of $2,500 in inventory. In both cases, the increases can be explained as additional cash that was spent, but which was not reflected in the expenses reported on the income statement. Clear Lake’s statement of cash flows begins with the…

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  • Your 990 Made Simple: 5 Tips for Nonprofit Tax Filing

    However, there are certain organizations that are exempt from filing the form. Unlike income tax returns that are private, this form is open to public inspection. On the other hand, the gross receipts do not necessarily matter if the organization is a private foundation — that is, a tax-exempt organization created and funded by a…

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  • Virtual Bookkeeping Services

    Plenty of people believe bookkeepers’ work is primarily centered on data entry and some even mistakenly believe bookkeeping is tied to tax roles. However, true quality bookkeeping is a forward-looking accounting services-focused position, not an archival position. And for those who correlate bookkeepers with tax functions, bookkeepers are rarely even properly certified to prepare taxes…

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  • Accounting and bookkeeping for small business San Francisco

    Don’t let bookkeeping mistakes hold your business back – let us help you get back on track. With Dan, wealth management isn’t just about accumulating wealth. His goal isn’t limited to the black and white of balance sheets but extends to the colorful dreams and ambitions of his clients. It’s this unique perspective that has,…

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  • Special journals Wikipedia

    In particular, you need to review a journal’s scope and publication history to determine the best fit. Depending on the size and the complexity of the accounting department, a total separation of duties may not be possible. However, not all accounting personnel should have access to the general journal. For example, if a firm has…

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Lorem Ipsum has been the industrys standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Lorem Ipsum has been the industrys standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

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