Bookkeeping

Nonprofit Budgeting: Step-by-Step Guide + Free Template

Since this is such an important document for accountability purposes, the layout should be easy-to-navigate, and the relevant applicable formulas should be as accurate as possible. It contains two budgets for different fiscal periods that can be compared to each … Tiếp tục

Quick Ratio Formula with Calculator

The Quick Ratio is important because it provides insight into a company’s liquidity and financial health, specifically its ability to meet short-term obligations without relying on inventory. Cash, cash equivalents, and marketable securities are a company’s most liquid assets. It … Tiếp tục

What Is Quick Ratio? Importance, Formula, Example, and Pros

The quick ratio or acid test ratio is a liquidity ratio that measures the ability of a company to pay its current liabilities when they come due with only quick assets. Quick assets are current assets that can be converted to cash … Tiếp tục

Individual Taxpayer Identification Number Wikipedia

If you do not want to apply for a PTIN online, use Form W-12, IRS Paid Preparer Tax Identification Number Application. A Taxpayer Identification Number (TIN) is an identification number used by the Internal Revenue Service (IRS) in the administration … Tiếp tục

About Form W-7, Application for IRS Individual Taxpayer Identification Number Internal Revenue Service

Acceptance Agents are entities (colleges, financial institutions, accounting firms, etc.) who are authorized by the IRS to assist applicants in obtaining ITINs. They review the applicant’s documentation and forward the completed Form W-7 to IRS for processing. An ITIN is … Tiếp tục

What is Source Receivables Management Definition & Meaning?

Poor accounts receivable management can lead to cash flow problems and damage business overall. One the seventh generation of the primary goals of accounts receivable management is to ensure the timely collection of outstanding invoices. This ensures strong cash flow … Tiếp tục

The Ultimate Guide to Accounts Receivable

Call for a free consultation to learn how to remove inaccurate negative information from your credit report. Every month, the popcorn shop places an order with Supplier X for $15,000, and Supplier X delivers the ingredients. Like the theater in … Tiếp tục

What is a contra liability account?

A company might go bankrupt if they have more liabilities than assets. For example, a business owner obtains a loan to purchase valuable assets or to expand his business, hoping to pay after some time. This time frame might be … Tiếp tục

Assets, Liabilities, and Capital

If it goes up, that might mean your business is relying more and more on debts to grow. While assets represent what an entity owns, liabilities represent what it owes. The relationship between assets and liabilities is fundamental in adjusting … Tiếp tục

Construction Accounting 101: A Simple Guide for Contractors

It’s not uncommon for circumstances beyond your control to impact the price of materials, equipment, and labor costs. You need to record both direct and indirect costs if you want to track and spend efficiently. This can make it difficult … Tiếp tục