10 Quick Ways to Drive Organic Growth

 Posted on Posted on: 05.06.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on 10 Quick Ways to Drive Organic Growth

These four strategies each leverage new or existing products or markets in order to help the company grow. In this case, they will need to determine if the new market fits their target market, or the population in which they want to sell their produc…

interest revenues definition and meaning

 Posted on Posted on: 04.06.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on interest revenues definition and meaning

It is a line item and is generally recorded separately from interest expense in the income statement. This income is taxable as per IRS and the ordinary tax rate is applicable for this income. Under the accrual basis of accounting, the Interest Reven…

The Five Types of Accounts in Accounting

 Posted on Posted on: 04.06.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on The Five Types of Accounts in Accounting

An interest expense is the cost incurred by an entity for borrowed funds. Interest expense is a non-operating expense shown on the income statement. It represents interest payable on any borrowings – bonds, loans, convertible debt or lines of credit….

Adjusting Entries: Does Your Small Business Need Them?

 Posted on Posted on: 04.06.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on Adjusting Entries: Does Your Small Business Need Them?

To illustrate the difference between interest expense and interest payable, let’s assume that a company borrows $200,000 on November 1 at an annual interest rate of 6%. The company is required to pay each month’s interest on the 15th day of the follo…

Interest receivable

 Posted on Posted on: 04.06.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on Interest receivable

Type of federal return filed is based on taxpayer’s personal situation and IRS rules/regulations. Additional fees apply with Earned Income Credit and you file any other returns such as city or local income tax returns, or if you select other products…

Interest-Only Retirement: Can It Be Done?

 Posted on Posted on: 03.06.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on Interest-Only Retirement: Can It Be Done?

Avoiding investing mistakes will make you more money in the long run than trying to pick the hottest sector/stock/fund/investment over the years. For a full list of the best investing apps for 2019, check out LearnBonds app investing guide for more i…

Is insurance in accounting recognized as an expense or an asset?

 Posted on Posted on: 03.06.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on Is insurance in accounting recognized as an expense or an asset?

A prepaid expense is a type of asset on the balance sheet that results from a business making advanced payments for goods or services to be received in the future. Prepaid expenses are initially recorded as assets, but their value is expensed over ti…