How to check if a car has outstanding finance
Content Manage your policy online 24/7 off BPP Books Paying water bills if you’re renting Does your car have any outstanding recall campaigns? RAC Car Check Permitted activities include acting as a credit broker not a lender. The most popular types of car finance are Hire Purchase (HP), Personal Contract Purchase (PCP), and personal loan. […]
Accountant Salaries and Degrees CPA 2023 Requirements by State CPA Exam and Accountant Education
Content Degrees & Programs Know the Difference: Public vs. Private Accounting Financial Analyst- Job Titles in Public Accounting Liquidity Ratio: Definition, Types & Examples An auditor is responsible for independently reviewing financial records to verify accuracy and compliance with regulations. Auditors review accounting systems, internal controls, financial documents, and other information to ensure accurate reporting […]
Xero Review 2023: Pros & Cons, Ratings, Cost
When compared to their competitors like DEXT they are severely lacking in features and usability. Xero invoicing is very basic, no ability for direct debit payments, no engagement letter etc. Document management software like Suitfiles needs to be used, there is currently no direct integration for document management like Karbon has. Whether you’re sending payments […]
Financial Statements Overview & Preparation How to Prepare Financial Statements Video & Lesson Transcript
Accountants use the 10-column worksheet to help calculate end-of-period adjustments. Using a 10-column worksheet is an optional step companies may use in their accounting process. For example, IFRS-based financial statements are only required to report the current period of information and the information for the prior period. US GAAP has no requirement for reporting prior […]
What is a Biweekly Payroll? vs a Semimonthly Pay Schedule
Content How to choose a payroll schedule for your business Bi-weekly vs. Semi-monthly – What’s the Difference? ARE ACCELERATED BIWEEKLY PAYMENTS BETTER THAN A SEMI-MONTHLY PAYMENT How to Count Minutes as Decimals for Payroll Relax—pay employees in just 3 steps with Patriot Payroll! Paying your salaried workers biweekly is tricky when you have to stop […]
Net Realizable Value NRV: Definition & Calculation
As evidenced above, net realizable value is a vital tool for making informed decisions about the performance of your accounts receivables and the value of assets and your inventory. NRV is the total amount which a company can expect while selling its assets. It is used by businesses to value their inventory and it uses […]
What is a provision for income tax and how do you calculate it?
Content How to reduce your tax liability for your business How competitive is my state’s tax code? What is your small business tax liability? Tax Liability: Definition, Calculation, and Example What is a provision for income tax and how do you calculate it? The importance of Section 23 Income Tax Act (ITA) 2007 Tax exemptions […]
Advance and Arrears: Understanding the Differences Means Good Business Decisions « The Payroll Department
When a service is delivered and the agreed payment day is missed, or the pay comes after the due date, it’s said to be in arrears in accounting. When an annuity’s equal payments occur at the end of each period, the annuity is said to be an annuity in arrears or an ordinary annuity. For […]
What Is Double-Entry Bookkeeping? A Simple Guide for Small Businesses
Content How to Decide Whether Double-Entry Is Right for My Business Example 1: Buying a piece of equipment for cash Double Entry Bookkeeping: Double-Entry Accounting System How Is Single-Entry Bookkeeping Different? The results proved enlightening and, for the business world, far reaching. But the beginnings of modern bookkeeping came much later, in the emerging city-states […]
Self-managed HOA Software: 3 Tools to Run a Single HOA
Content FreshBooks Accounting Software Testimonial Videos Event Management Features FreshBooks How to Write an HOA Violation Letter (with Examples) HOA Accounting Software HOA Accounting Software Should Reduce Risk Seamlessly manage your communities from anywhere with our advanced cloud and mobile technology. Data is securely stored and accessible across platforms for all of your accounting and […]