by Josh Gersava | Oct 13, 2023 | Bookkeeping
Goodwill is an intangible asset that can relate to the value of the purchased company’s brand reputation, customer service, employee relationships, and intellectual property. When analyzing a company’s balance sheet, investors will therefore scrutinize what is...
by Josh Gersava | Sep 8, 2023 | Bookkeeping
When you have the right bookkeeping services in your corner, you’ll enjoy greater freedom and peace of mind in your business endeavors. In addition, outsourced solutions are often more cost-effective than hiring an employee since you only pay for the services you...
by Josh Gersava | May 24, 2023 | Bookkeeping
Adding total liabilities to shareholders’ equity should give you the same sum as your assets. After you have assets and liabilities, calculating shareholders’ equity is done by taking the total value of assets and subtracting the total value of liabilities. However,...
by Josh Gersava | Apr 24, 2023 | Bookkeeping
The yearly interest rate in the considered investment is then 3.18%. In our example, if you want to have $8,000 after five years, the initial deposit should be equal to $6,900.87. That’s why understanding how to calculate the core value of assets, in the present...
by Josh Gersava | Jan 10, 2023 | Bookkeeping
Accumulated deprecation represents the cumulative amount of depreciation expense charged against an asset. Another example of a contra asset account is the accumulated depreciation account which reduces the reporting value of capital assets. The Allowance for Doubtful...
by Josh Gersava | Mar 10, 2022 | Bookkeeping
You no longer need to worry about entering the double-entry data into two accounts. Small business accountants are professionals, often Certified Public Accountants (CPAs), who have the experience and knowledge to help owners navigate through their financial records....
