These assets benefit the company for many future years, so it would be improper to expense them immediately when they are purchase. Instead, intangible assets are capitalized when purchased and reported on the balance sheet as a non-current asset. In order to agree with the...
A president acts as a decision-maker in their own right, but their power is more limited than the CEO’s. They are responsible for executing strategies and overseeing departments to ensure key objectives are met. In some cases, a president may also hold other positions within...
Retired shares Sometimes when a company buys back shares of its own stock, it doesn't have the desire to hang on to them. In this case, the company can choose to cancel, or retire the shares according to SEC regulations. Once shares are retired, they...
But if you're on the suspended list and you don't vote in this election, you'll get kicked off the books during what the state calls a "voter purge." Millions of Texas voters in "suspense" are at risk of being removed from the voter rolls later this...
This can be done by (1) adjusting the cash flows for risk, or (2) using a risk-adjusted discount rate. In our experience, it is generally easier to incorporate risk factors into the estimate of the cash flows and use a pre-tax risk-free discount rate. Because...
QuickBooks pricing varies quite a bit depending on which product you choose and how many users you need. QuickBooks Online Plus (not to be confused with QuickBooks Desktop Pro Plus) includes five users and advanced features. QuickBooks is a great accounting software option but how...
The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships. Between the QuickBooks Online...
An important distinction to note is the difference between COGS and operating expenses (commonly referred to as OpEx). In the Zappos example, while the factory machinery is part of COGS, the electricity, factory supervisor’s salary, and rent are not. While these costs are incurred to...
If the debits are larger than the credits, record the difference as a credit. No, unlike mortgage escrow accounts, the money in a mortgage suspense account doesn't earn any interest for the borrower. The amount of money held in suspense account is referred to...
The accountant’s entire business organization needs to understand that the costing system is created to provide efficiency in assisting in making business decisions. Determining the appropriate costing system and the type of information to be provided to management goes beyond providing just accounting information. The...