In contrast, notes payable due for more than a year, which is a very rare condition, are marked as non-current liabilities. John is an accountant in a furniture-selling company that wants to raise a short-term loan of $10,000 to manage the working capital needs for the next 3 months. John makes an inquiry with Grant’s…
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With QuickBooks, you can easily see what comes in and goes out of your business and take charge of your finances. QuickBooks allows you to track and organize your accounting data and generate a cash flow statement. The cash flow statement helps you to know how much money is coming into your business so that…
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This influences which products we write about and where and how the product appears on a page. Live Bookkeepers aren’t responsible for errors resulting from incorrect information that you provide, or if you re-open the books by overriding closure after a Live Bookkeeper completes the month-end closure. Typical cleanup is complete within 30 days after…
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Hosted QuickBooks increases accessibility and, as a result, productivity. With cloud-based accounting software, you are no more bound to your office desk for accessing financial information. Computing accounting allows you to manage your books of accounts wherever you are, that is, in the office, at home, and through multiple devices like smartphones, tablets, laptops, etc. Cloud…
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The first month of service costs $500 and is dedicated to onboarding and the cleanup of your books. If you’re unsure whether QuickBooks Live is the right assisted bookkeeping service for you, check out our guide to the best online bookkeeping services for other options. A QuickBooks live bookkeeper is a dedicated bookkeeper provided to…
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In other words, it formally acknowledges that business must spend money in order to earn revenue. The matching principle, also called the „revenue recognition principle,“ ensures that expenses are recorded in the correct period by relating them to the revenues earned in the same period. The matching principle works well in cases where revenues and…
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In the U.S., the terms of any agreement relating to contracted R&D services must be disclosed in company statements—as must payments received for services and costs incurred. For the purposes of accounting, „research“ can be defined as planned activity that sets out to uncover new knowledge, with the aim of significantly improving existing products or…
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The intuition is that the more revenue growth there is, the more capital could be allocated towards R&D – much like the relationship between revenue and discretionary capital expenditures (Capex). To forecast R&D, the first step would be to calculate the historical R&D as a % of revenue for recent years, followed by the continuation…
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There are outside factors, such as inflation, interest rates, etc., that impact the accuracy of the analysis. In those cases, calculating the net present value, time value of money, discount rates and other metrics can be complicated for most project managers. The cost-benefit ratio, or benefit-cost ratio, is the mathematical relation between the costs and…
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This software level supports up to 30 licenses and is great for large, layered industries like construction, distribution, manufacturing, and retail. You can manage numerous locations and users, large transactions, and customize your workflows. Pricing depends on your business operations, size, and needs so it is best to speak to a QuickBooks representative. Premier may…
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