Depreciation is a devaluation of an asset over a period of time. Your tangible assets like equipment, vehicles, building, furniture, and machinery are all examples of […]
As per Self Financial, a financial technology company, Americans pay on average $525,037 each in taxes over a lifetime? Out of which about 65% is the […]
Before the advent of accounting software, all the financial statements and accounting tasks were managed manually. The process was called the accounting cycle. The most vital […]
Double declining balance depreciation – an easy way to save money with regard to your business expenses. The double declining balance method helps your asset’s value depreciate less […]
Pro forma is a Latin term which means “for form.” In short, the pro forma financial statements are the “what-if” statement generators. They allow you to […]
California houses about 4 million small businesses, which ultimately employ over 7 million people. Small enterprises have taken over the State of California, making up about […]
“Accounting is a tool to get to what clients really need: advice on all affairs directly and indirectly related to financials.” – Marc Rosenberg This quote […]
It is very crucial to measure the financial performance of your business especially when you have to manage your expenses and scale the profitability as well. […]