Small Business Software Solutions

If you operate in multiple international locations QuickBooks allows you to accept payment in local currencies. Of course, it is safer to first check if QuickBooks accepts payment in the currency you deal with. However, automatic bill tracking does not mean you cannot...

Prepaid expenses accounting

On the balance sheet, prepaid expenses are first recorded as an asset. As the benefits of the assets are realized over time, the amount is then recorded as an expense. These are both asset accounts and do not increase or decrease a company’s balance sheet. Recall that...

What are reversing entries and why are they used?

He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager...

Спред в трейдинге: что это и когда его учитывать

На основе календарного спреда трейдер может строить разные стратегии. В биржевой практике спред измеряют в пунктах, а не в деньгах. Например, если текущая котировка евро против доллара США (EUR/USD) указана как 1,2345/1,2350, то спред составит 0,0005 доллара или 5...

How to Calculate Ending Inventory

If a CPA firm is conducting an audit of the December 31st financial statements, the accountants will count the physical inventory on the last day of the calendar year. If the auditor cannot access inventory on 12/31, the firm will count inventory as close to the end...

5 Ways to Calculate Sales Tax

To do this, you will need to multiply the shipping charges by the sales tax rate. For example, if the shipping charges are $10 and the sales tax rate is 6%, then the amount of sales tax to be charged would be $0.60 ($10 x 0.06). Once you have the sales tax rate,...
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