Which Accounting Method Should I Use For My Winery?

When looking at your financial reports, we recommend always starting with a collapsed view, to get a high-level understanding of your business performance. After that, you can drill down into subaccounts to see what is really driving the results you are seeing at a high level. One advantage of using parent accounts is that you … Devamını oku…

How is a short term bank loan recorded?

Alright, just to correct that for in case anyone was looking at that, and like I didn’t spell it right. In other words, on an accrual basis, we got to break this thing out between the short term and long term portion. So a couple things we need to do, we got to consider whether … Devamını oku…

15 Common Write-Offs You Can Deduct From Your Taxes

We’ll tackle some of the most commonly asked questions during tax season. Then, we’ll give you a rundown on the difference between standard and itemized deductions. We’ll also highlight some of the most common deductions you’ll want to have on your radar. If you operate a small business as a sole proprietor, you must incorporate … Devamını oku…

Quick Guide to Accrued Interest : Definition, Example and accounting in Loans

Jai is paid ₹ 1,000 per month to lease a tiny location at the local shopping mall. He typically spends the equivalent of ₹200 per month on utility bills. Learn how to prepare a nonprofit statement of functional expenses with our guide on key categories, preparation steps, and common mistakes to avoid. Recording the expense … Devamını oku…