Author: Sid Laymes

When a business performs a service and gets paid as a result, it earns a revenue. When an employee is paid, there is withdrawal of the company’s money. In the regular operations of a business, money comes in and goes out. In our review of accounting elements, we introduced investments, revenues, drawings or withdrawals, and…

On the other hand, accountants are generally equipped with an accounting degree and may even be state-certified CPAs. You can expect most bookkeepers to maintain the general ledger and accounts while the accountant is there to create and interpret more complex financial statements. By outsourcing, you can simplify and streamline accounting and bookkeeping tasks and…

Content Going-in Cap Rate How to Value Sweat Equity in an Existing Small Business What is a Good Cap Rate, and Why is it Important? What Is A Good Cap Rate & How To Calculate It What Is A Good Cap Rate For Rental Property? Real Estate Modeling Course The net operating income formula calculates…

Content Record Accumulated Depreciation Adjustment Company How to Account for Fixed Assets with GAAP Assets under Construction (AuC) Impairment of Assets Depreciation Expense Account Vs. Allowance for a Depreciation Account Tired of managing your project costs in complex and time-consuming Excel Spreadsheets? With the project being only 25% complete, you can calculate your profit share…