by vzimm1234 | Jun 25, 2024 | Bookkeeping
In the construction industry, liabilities will often include accrued labor costs, accounts payable owed for materials, and customer deposits. Having the bookkeeping done right for a small construction business doesn’t just help the bills; it helps the bottom...
by vzimm1234 | Apr 12, 2024 | Bookkeeping
This is done by developing a list of popular business expense categories that each transaction can be assigned to. An expense can also be an expenditure whose benefit is finished or enjoyed immediately or within the period of one accounting year. The dollar...
by vzimm1234 | Dec 12, 2023 | Bookkeeping
Under U.S. GAAP, R&D expenses are generally expensed as incurred which can depress earnings. However, under IFRS, some development expenditures, once certain criteria are met, can be capitalized, potentially smoothing out expenses and improving apparent financial...
by vzimm1234 | May 11, 2023 | Bookkeeping
This usually gives companies more options to fund expansions and other initiatives without relying on high-interest loans or other debt. Shareholder value is also tied to a company’s capital structure and cost of capital. Reinvested earnings, as an internal financing...
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