Bookkeeping

As such, most tax systems require that the depreciation for an asset be prorated. The book value of an asset, seen on the above chart, is the asset’s original cost, less any accumulated depreciation. Any impairment (weather, fire, accident) that may befall an asset is also subtracted. It is a form of accelerated depreciation, which […]

Asset accounts are used to track a company’s assets, such as cash, inventory, and property. Meanwhile, liability accounts are used to track a company’s debts and obligations, such as loans and accounts payable. To prepare a ledger account, you must first gather all of the tougher than irs california franchise tax board relevant financial information

Discussion will center on multiple scenarios and how different rate calculations impact estimates, contracts, and the bottom line. Participants will learn considerations for why one contractor may choose to capture costs differently than another contractor. Learn how to design and implement an effective risk management strategy for a construction company. This course is an introductory

In general, only accounts receivable are recorded in the sales journal. This means that cash transactions are not recorded, and cash transactions will be entered into the cash receipts journal. However, in reality, many may still use the journal account to record cash sales. Therefore, you can browse the journals to view the balances recorded

This process should legal e-billing include guidelines for who will review and follow up on these issues, and when. For example, with unpaid bills, you can use Clio Manage to send automated bill reminders. Spend management features give you access to real-time budget and accrual information at a glance. You can break this down by