Still, some accounting programs are more user-friendly than others, and Wave Accounting is among the easiest for first-time business owners to configure. Otherwise, unless you add an optional service like... read more →

If the same assumptions are applied for the next year, the end-of-period shareholders equity balance in 2022 comes out to $700,000. Note that the treasury stock line item is negative... read more →

At Altruic Advisors, our nonprofit accountants have helped more than 500 organizations across the country with outsourced accounting, Form 990 preparation, and nonprofit audit services. Program expenses (or program services... read more →

At Altruic Advisors, our nonprofit accountants have helped more than 500 organizations across the country with outsourced accounting, Form 990 preparation, and nonprofit audit services. Program expenses (or program services... read more →

At such times, investors and analysts pay particularly close attention to solvency ratios such as debt to equity and interest coverage. Everyone’s https://www.kelleysbookkeeping.com/ having a good time, and there’s a... read more →

While the Cost Principle offers advantages such as objectivity, simplicity, and transparency, it has received criticisms for its lack of relevance and failure to account for inflation and market fluctuations.... read more →

Embracing accurate interest calculations and leveraging advanced tools fortifies businesses, ensuring compliance, strategic growth, and stability. As we navigate the financial landscape, let the precision in calculating interest expense be... read more →

Companies’ management needs to reduce operating expenses as much as possible but without affecting routine operations and the company’s competitiveness. In accounting, the interest expense formula is used to calculate... read more →

If you’re not using software, you should consider setting a time each month to make payments and the payment method used. For example, you may have vendors you can pay... read more →

While there aren’t necessarily strict parameters that apply to all companies, a TIE ratio above 2.0x is considered to be the minimum acceptable range, with 3.0x+ being preferred. Over 1.8... read more →

For example, a company might record a substantial expense in Q4 but not have a cash outlay until the next year when the invoice is paid. As a result, the company might post a net loss... read more →

While many small businesses hire an accountant as a consultant, you have several options for handling financial tasks. Awarded by the CFA Institute, the CFA certification is one of the... read more →