Anfisa is a talented accountant.
In this blog she talks about accounting services, payroll, investment consulting, tax training and much more.
AnfisaWDmitrieva@www.business-accounting.net
Phone: 303-647-3438
For now, we will not worry about how much money you have in the bank, how much you owe on the credit card, etc. We want to simply build the framework for this chart of accounts. Use this to track your credit card receipts and reconcile your credit card statements. Credit cards represent a short-term loan that you are obligated to repay to the credit card company. This type of account can also be used for other short-term loans such as a line of credit from your bank. Again, equity accounts incr […]
In January 2018, Paul Lamb, a calendar year taxpayer, bought and placed in service section 179 property costing $10,000. He elected a $5,000 section 179 deduction for the property and also elected not to claim a special depreciation allowance. In 2020, he used the property 40% for business and 60% for personal use. Instead of using the above rules, you can elect, for depreciation purposes, to treat the adjusted basis of the exchanged or involuntarily converted property as if disposed of (more&h […]
Considering such factors, it is important for an analyst to estimate accurate cash flow for the purpose of bond valuation. Cash flow is the cash that is estimated to be received in future from investment in a bond. Based on the discount rate for AMD’s equity, the discount rate for the bond is 7%, which we will assign to all of the following calculations to remain consistent. We can look up the bond rating of any company that issues debt by looking at any rating agency site. I personally u […]
Keep in mind that in some countries such as Brazil, there are some specific sales taxes that hits the P&L statement. That happens because taxes are deducted directly from the revenue source, and because of that, instead of using Revenue, you should use Net Revenue . Cost of goods sold, or COGS, for SaaS companies seems like it should be a straightforward topic but there are a number of different conflicting reports online. Worst of all, EBITDA (more…) […]
Review your balance sheet each month, and use the analytical tools to assess the financial position of your small business. Use the balance sheet data to make better decisions and to increase profits. Ideally, a company can increase credit sales, while also minimizing accounts receivable. Increasing the turnover ratio means that a company’s financial health is improving. Your firm must be able to generate (more…) […]
OC 2 contains the provisions that apply to a financial institution’s cash transactions with a Federal Reserve Bank. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.
To reflect the OC 2 and CSMOP changes and help your organization comply with new or revised depositing procedu […]
Comparing the company’s current income to the previous year’s provides a good sense of how the business is growing. Forces of supply and demand push market prices up and down throughout the trading day. Returning to the example, let’s assume that Company ABC has 1 million shares outstanding and Company XYZ has 100 million shares outstanding. In this case, Company ABC’s market cap would be $10 million (1 million shares x $10 per share) while (more…) […]
Governments use the term revenue to describe the money they collect from taxes, fees, fines, and publicly-operated services. According to the calculation above, Tom’s net sales revenue for June was $3,442.18. The partial income statement displays how different types of revenue are recorded. The results of the calculation indicate that your sales revenue for May was $30,000. The portion of sales revenue paid directly from the customer to you. (more…) […]
Gross sales include any sales transactions that generate revenue and exclude all costs, expenses and other charges. Gross sales are generally only significant to companies that operate in the consumer retail industry, reflecting the amount of a product that a business sells relative to its major competitors. A company may decide to present gross sales, deductions and net sales on different lines within an income statement.
These figures must be watched over a moderate period of time to make an […]
Most business owners are familiar with tax returns before they even open businesses, because they’ve filed them as individuals. When you run a business, it’s critical to keep up with your business taxes, as well as any personal taxes that you may be liable for separately. This is the order in which each document is produced within your business’s accounting cycle to create a complete picture of a company’s finances. Stock options – The notes also contain information abou […]
