Bookkeeping

It involves tracking the financial performance of a portfolio of properties, managing investor contributions and distributions, and ensuring compliance with regulatory requirements. Fund accounting focuses on providing detailed financial information accounting for real estate transactions to investors and stakeholders. Modern accounting tools offer features that streamline real estate accounting. This involves implementing real-time data syncing, using [...]

The revenue generated in advance can be useful for the cash flow requirements of the seller. However, it creates an obligation to deliver timely services or goods to the buyer. Unearned revenue is common for sellers with services and subscription models. It comes with the added advantage of receiving cash before delivering goods or services. 08 [...]

If the company suffers a net loss, there may not be enough revenue to cover both cash expenses and CPLTD. Of course, any company that consistently loses money will have a hard time repaying its long-term debt. A policy that requires some minimum DSCR would preclude long-term loans to companies that cannot at least break even. [...]

Among these, restricted funds play a crucial role in ensuring that specific donor intentions are honored and resources are allocated appropriately. There are times when funds are received in one year and carry over to the next fiscal year before they are spent; it is important to note that deferred revenue should not be recorded in [...]

Sum of the years’ digits depreciation is another accelerated depreciation method. It doesn’t depreciate an asset quite as quickly as double declining balance depreciation, but it does it quicker than straight-line depreciation. Businesses also use depreciation for tax purposes—namely, to reduce their total taxable income and, thus, reduce their tax liability. Under U.S. tax law, a [...]

Stocks are sold on stock exchanges, such as the Nasdaq or the New York Stock Exchange. They offer the greatest potential for growth, but they also come with significant risk. Stock prices can drop significantly in a short time, so it’s possible to lose money investing in stocks. Northwestern Mutual is the marketing name for The [...]

In the realm of invoice factoring, a business transfers its unpaid invoices to a financier. This lender usually fronts the company between 70% and 85% of the total value of these invoices. While invoice financing is one way to avoid cash flow issues, trade credit insurance remains the most reliable way to deal with trade credit [...]

That results in a favorable PPV, saving the organization money on purchases. There are many ways companies can reduce purchase price variance helping them keep costs in control. Using procurement management software to streamline purchasing greatly improves the efficiency and cost effectiveness of ordering supplies and products. Procurement software enables many of the above-mentioned spend control [...]

But financial statements may not provide the answers to all the questions you have about your business. The current ratio, like all accounting ratios, gives you answers to very specific questions. For example, if you want to know if your business has enough money to pay its bills, the current ratio can answer that question. However, [...]

You can also pay estimated taxes every quarter to cover your bases with the IRS. Illinois’ No. 2 in the nation property taxes illustrate the issue. Illinois' individual income tax increased from 3.75% to 4.95% on July 1, 2017. State Individual Income Tax Rates and Brackets, 2015 (t) In addition to the personal income tax rates, [...]