This will help you track the returned merchandise and ensure that the vendor or supplier provides you with a credit for the returned items. Purchase return journal entries show that a company has directly reversed stock from their inventory back to their suppliers. Since goods purchase return journal entries reduce the outstanding payments of the…

The Form W-7 requires documentation substantiating foreign/alien status and true identity for each individual. Form W-7(SP), Solicitud de Número de Identificación Personal del profitability index pi rule definition Contribuyente del Servicio de Impuestos Internos is available for use by Spanish speakers. Internal Revenue Service (IRS) to individuals who are required for U.S. federal tax purposes…

The standard model costs $72,000 and has a useful life of 6 years. The standard model requires maintenance service in year 2 and year 4 at a cost of $2,100 per service. Annual revenue is estimated to be $36,000 and annual cash operating expenses are estimated to be $12,000. Holly Rich is considering becoming an…

Just enter your beginning balance, the regular deposit amount at any specified interval, the interest rate, compounding interval, and the number of years you expect to allow your investment to grow. This flexibility allows you to calculate and compare the expected interest earnings on various investment scenarios so that you know if an 8% return,…

This allows entrepreneurs to concentrate on innovation, marketing, and customer engagement. Remote accountants provide regular updates, insights, and recommendations, fostering a collaborative partnership. We hope our guide will help you find the best virtual bookkeeping company to perfectly meet your business’s unique needs. However, maintaining meticulous books requires specialized knowledge and skills. Sometimes, when…

Gearing ratios constitute a broad category of financial ratios, of which the D/E ratio is the best known. Ratio between debt and equity measures how much debt a business has relative to its capital. One of the limitations of this ratio is that the computation is based on book value, as it is sometimes useful…

Project costs vary according to the weather and season in which work is due to take place, as do the cost of materials and strain on workers and equipment. In most industries, commissioned contractors get paid upon delivery of a product or service. The decentralized nature of the industry makes construction bookkeeping so unique. …

For the past 52 years, Harold Averkamp (CPA, MBA) hasworked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com. To learn more about the balance sheet, see our Balance Sheet Outline. For the past 52 years, Harold Averkamp (CPA,…

Cryptocurrencies are a virtual currency that allows people across countries to do business without adding costs to the transaction by charging a currency conversion fee. The fees you get charged using cryptocurrency are usually less than the 3% charged by a credit card. The currency is essentially a mobile app or computer program that acts…