ZaidKhan
Mentalist for Corporate, Private & Virtual events
Bookkeeping
When performing financial analysis, operating cash flow should be used in conjunction with net income, free cash flow (FCF), and other metrics to properly assess a company’s performance and financial health. While the operating cash flow formula is great for assessing how much a company generated from operations, there is one major limitation to the...
Bookkeeping
Homestead exemptions of up to $50,000 are available in Florida for primary residences, albeit only $25,000 applies to non-school taxes and the balance is split over all taxes. Florida’s paid time off (PTO) restrictions are in accordance with federal guidelines, which are rather florida income tax lenient. We provide a basic introduction below, but our...
Bookkeeping
If you are not having the sales receipts and the payments post directly to the bank register, then you have them holding in UF. This allows you, for instance, to process that a customer paid you on time on the 15th and even some paid you on the 14th, but you didn’t take it all to...
Bookkeeping
I suppose one thing you could do is create a separate money in transit account, similar to Account Payable and Account Receivable. This both makes it clear that there is money going between places, and ensures that the daily balance on each “physical” account is accurate. It’s my understanding that the transaction date is when...
Bookkeeping
These items are usually stated as current assets and current liabilities, respectively, in the balance sheet of each party, since they are generally resolved within one year. The account payable is a liability account used to track the amount of money a company owes to its vendors or other outside parties. The suppliers are independent...
Bookkeeping
This ledger gives the idea of sales revenue and income statement. Also, in http://jpcars.ru/cat0-cars64.htmls, this specimen is used for writing the entries of the accounting. Purchase Ledger records all the transactions the company has done with the suppliers. If the purchasing volume is relatively low, then there is no need for a purchase Ledger. Instead,...
