Category: Bookkeeping

Non-operating should show at the bottom of the income statement, under the operating income line, to enable investors to identify between the two and understand where the revenue comes from. It’s critical to distinguish between money earned through day-to-day business activities and income created from other sources when evaluating a company’s true success. Operating incomes […]

Well-off investors can also provide small start-up companies with what is called venture capital. While this type of investment in equities can have above-average returns, it can also be extremely risky if the company does not perform well. Another major risk involves buying too much stock from one company during conditions known as market saturation. […]

Groupby() assumes that the underlying iterable’s contents willalready be sorted based on the key. Note that the returned iterators also usethe underlying iterable, so you have to consume the results of iterator-1 beforerequesting iterator-2 and its corresponding key. Another group of functions chooses a subset of an iterator’s elements based on apredicate. Itertools.tee(iter, [n]) replicates […]

In order to be used in the wild, the compiler will normally have to work out how to convert the functional version into the procedural version internally, as function call overhead is too high. Recursive cases such as the factorial shown will use tricks such as tail call to remove O(n) memory usage. The fact […]

This template enables you to enter the balance from your bank statement or subledger and from your general ledger to determine whether you need to adjust amounts. This template is the perfect tool to help you verify New Business Accounting Checklist for Startups the accuracy of your company’s account balances compared to bank figures and […]

Content Tax Planning Tips for Independent Contractors How to Calculate Your Total Gross Income Why is understanding gross income important? How to prepare your business for its busy season Additional Information Understanding your business credit reports A guide to calculating gross income For businesses, net income refers to the money left over after business expenses […]

If you ever have trouble determining what to debit and credit, remember that debits “go into the business” and credits “leave the business”. In other words, equity would be returned to the owners and shareholders if the company was liquidated and all debts were paid off. You rent a new space for your tote manufacturing […]

To differentiate the two, consider the company’s liabilities to external parties such as lenders and suppliers. In contrast, equity represents the initial amount of capital contributed to starting the business plus cumulative after-tax profits the company saves over time. If the revenues earned are a main activity of the business, they are considered to be […]

On the other hand, major economic factors, such as inflation and interest rates, can have a similar effect on the stock and bond markets. High inflation tends to have a negative impact on fixed-income and equity returns as prices adjust to higher real rates, although the magnitude can be different. The real value of bonds’ […]

Content Janitorial / Building Maintenance / Cleaning Services File and Pay Online Existing Gross Receipts Taxes Local Option Sales Tax (LOST) Local Governments See N-93-20, Increase in Tax Rate Applicable to Entertainment and Information Services Provided by Means of Telephony and Telegraphy. We provide these resources as a convenience to help with the collection of […]