Category Archives: Bookkeeping

What Is an Amortization Schedule? How to Calculate with Formula

A loan doesn’t deteriorate in value or become worn down over use like physical assets do. Loans are also amortized because the original asset value holds little value in consideration for a financial statement. Though the notes may contain the payment history, a company only needs to record its currently level of debt as opposed […]

Bond Definition: What Are Bonds?

In return the corporation will pay the bondholders interest every six months and, at the end of the term, repay the bondholders the face amount. The number of payments bondholders will receive in the future from the corporation is always twice the number of years in the term plus 1. A bond is a loan […]

Payback Period Explained, With the Formula and How to Calculate It

As seen from the graph below, the initial investment is fully offset by positive cash flows somewhere between periods 2 and 3. Initially the project involves a cash outflow, arising from the original investment of £500,000 and some project losses in Year 1 of £50,000. The initial outflow of cash flows is worth more right […]

2024 tax filing season set for January 29; IRS continues to make improvements to help taxpayers Internal Revenue Service

With fully automated accounts receivable and accounts payable operations, you don’t have to worry about oversights that will derail your company’s financials. Invoiced offers accounts receivable automation software and accounts payable automation software. Streamline invoice management, get custom performance reports, and integrate with your other systems, all online and in one place. Each time you […]

8 Steps to Register a Business in Singapore

Upon successful registration of your new business, your business will be issued a Unique Entity Number (UEN). The UEN is your business’ unique identification number that will be used in all transactions with government agencies. Thus, many foreigners resort to having a local nominee director before being issued the Employment Pass and being able to […]

Accrued Wages Definition, Measurement, Classification, and Journal Entry

This reversal can be accomplished by setting up the initial entry to automatically reverse at the start of the next reporting period. Accrued payroll should appear under the current liabilities section of a balance sheet, as it represents amounts owed to employees that are expected to be paid within the next accounting period. For example, […]

Bookkeeping Trends for 2023

Bookkeepers still play important roles on accounting teams, especially in the small business world. This bookkeeper salary guide explores ways for emerging and established bookkeepers to improve their job prospects are bookkeepers in demand and earning power. What’s more, a bookkeeping certification will help you hone your skills and provide more in-depth job training. This […]

Wave Accounting Review: App Features, Pricing, Pros & Cons

While Wave Payments and Square Payments offer a very similar fee for card-not-present transactions, Square’s processing services are far more robust. Wave Money is currently available to single-owner businesses in the United States with a Wave account. Once you create an account, we’ll notify all new eligible businesses by email. You’ll be able to download […]

Accrued Interest Formula + Calculator

An accrued interest journal entry is a method of recording the amount of interest on a loan that has already occurred but has yet to be paid by the borrower or yet to be received by the lender. These journal entries are used by accountants, financial advisors, and financial departments whose job is to keep […]

What are Customer Service and Customer Support?

Customers expect quick response times and efficient problem resolution, so companies can achieve this by investing in technology, such as chatbots and automated responses that can handle routine inquiries. This’ll help reduce the workload of the brand and increase customer satisfaction. You should be able to convey your message in a brand-friendly manner that makes […]

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